UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: Crikes1 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77293  
Subject: Increase my 401 contributions or buy RM stocks? Date: 3/12/2000 11:28 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Kiddie Card Board
Should kids have their own credit card?
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.
Post of the Day:
Macro Economics

The Wealth of Power
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.