No. of Recommendations: 0
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.


Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.