The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Contributng Too Much towards Retirement??? Date:  1/28/2004  2:57 PM
Author:  yobria Number:  38792 of 88511

Contributing too much to your retirement accounts is like eating too many fruits and vegetables- possible, but hard to do.

Save as much as you can, but if you must have a guideline, take the age you started saving, subtract 10, and save at at least that much of your gross income. So if you started saving at 25, save at least 15% of your income.

If your 401k/403b fund options are decent, max out these contributions. You'll never regret watching that money grow tax free for decades. Do the Roth too, if you can.

Finally, have your wife demand her employer offer mutual funds as well as annuities (if they do not) for the 8% contribution.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us