I currently contribute 15% into my 401K and max out my Roth IRA. Recently my employer told me that I can now raise my contribution to 25% if I choose. If I do, I won't be able to continue buying as much RM or RB stocks each month. I currently have a few shares of CSCO, INTC, NOK, and CRA. My question is :Would Fools recommend raising my contribution to 25% and buy fewer shares each month, or just continue what I'm doing? Will my tax savings justify increasing to 25%? I don't have a choice of an S&P 500 index fund in my 401, so I elected a fund that primarly invests in large cap stocks of the S&P 500. I am 42 years old and I don't really want to work past age 55. Because I started investing so late, our (my wife and I) total portfolio is only at 35K. It's a start and we choose to live well below our means. What else can I do to help me reach my goal?
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