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Subject:  Contributng Too Much towards Retirement??? Date:  1/28/2004  10:08 AM
Author:  patsfan24 Number:  38783 of 88807


I wanted to ask for some specific advice on some long term investing.

Currently, between myself and my wife, our gross income is approximately $110K (my salary is approx. $60K and hers is $50K) , and we're both 31 years old with two kids.

Going forward, I have us contributing the following into retirement:

10% of her salary (approx. $110) per week towards her 403B invested in Van Kampen 403B
10% of my salary with company 24% match (approx. $150 per week) towards my 401K (Beneco Polaris plan with some decent choices)
8% of her salary (about $80 per week) (because she's a teacher) gets automatically taken out and invested in a low returning retirement annuity.

Also, we had opened up two Roth IRA's about two years ago that we started to invest towards but stopped due to day care, etc., so they are active, but the balances are low (about $2,500 in each).

Currently, we don't have that much built up because of past contribution percentage decisions ($30K in my 401K, $10K in her 403B, $35K in her annuity).

My question is if people think that we're putting too much money towards retirement (possibly not enough???) and if maybe I shouldn't be investing some of the weekly salary elsewhere (such as taxable investment accounts, etc.) Currently, we only have about $5K worth of taxable mutual fund accounts that could be invested right now. But, I'm more concerned with my weekly contributions to investment vehicles going forward.

Any advice or thoughts would be greatly appreciated.

Thanks. Go Pats!!

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