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Author: MoeBruin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 81589  
Subject: Re: need help with retirement investing and debt Date: 1/23/2014 5:42 PM
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I agree with Rayvt on allocation. But please spend the time to learn and understand: a) its not hard b) someday you may be making more on your job then on your investments.

I think paying off your debt after it stops being 0 needs to be number 1 (after the company match). After that then you have to think hard where you want to put your money. For example putting it in the 401K or an IRA means the money won't be used for a downpayment on a house. So if you are thinking of buying a house you may want to save in taxable accounts.

However beside for that the more you can save sooner without going into debt the better off you will be later in life. I was fortunate enough to be able to pump a lot of my salary into 401Ks and IRAs when I was in my 20s and early 30s. Once I got married and had kids I really couldn't afford more then the company retirement plan and the 401K match but because of my early start and the power of compounding I was way ahead and am now well positioned to retire at 55 in about a year.

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