The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Too much in a 401K||Date: 1/11/2005 7:55 AM|
|Author: Adenovir||Number: 43967 of 78163|
Another area is college funds which could probably go for a larger contribution.
Remember that while your kids can borrow money to fund their education, you cannot borrow to fund your retirement.
Save enough for yourself and if there's extra, put it towards the kids' college funds.
As for the 401K, I would fund it to the maximum employere match and then fund a Roth (if eligible) or a taxable account.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|