I do already have a pretty good 401k and max out on both the 401k contributions as well as their ESPP. I am also putting away quite a bit for my daughter's college.aj already mentioned the risk with ESPP and the idea of prioritizing retirement and college savings. As a subset of these...by "max" on the 401k, is that max for their contribution, or max allowable? If you are maxing beyond their contributions, you might consider diversifying into a Roth IRA (or even 401k if your employer offers it.) My opinion is tax rates have no where to go but up, so doing all of your savings in the "tax deferred now" category adds tax risk.Also, the Roth can serve as a hybrid retirement/college savings vehicle, IF you are careful about segregating the amounts targeted for college in some recordable way, and are willing to give up the long term retirement savings room.v/rTom
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra