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Investing/Strategies / Retirement Investing
|Subject: Re: Am I doing this right?||Date: 4/26/2004 9:59 PM|
|Author: buzman||Number: 40701 of 73911|
Well you are on the right track, but what good will that do if train comes down the track.
This is what I see.
The bulk of the retirement funding comes from your wife's retirement plan. Probably 403b, which are notorious for having limited choices and high fees. If you see the letters TIAA-CREF you are OK. Of course if she cuts back her hours there goes retirement planning.
Since you are self-employed, I assume that your health insurance is coming from your wife's employer. Will they still cover her if she works part-time?
Even if you max out your Roth, you still need to increase your savings either thru a SEP or a solo K.
And we are trying to save for house down payment.
Also funding college.
You did not mention an emergency fund. Ditto life insurance.
Sounds like a job for a professional. There are several well meaning and some darn good people here, but there are some that are not.
You have several competing goals.
Sounds like a job for a professional. There are several well meaning and some darn good people here and some that think they are.
www.garrettplanningnetwork.com If there is one in your area, check it out
Disclaimer, I am a member of the Garrett Planning Network.
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