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Investing/Strategies / Retirement Investing
|Subject: Re: Too much in a 401K||Date: 1/11/2005 7:55 AM|
|Author: Adenovir||Number: 43967 of 73919|
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.
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