UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: patientlyTrying Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79728  
Subject: Joining Retirement ideas Date: 1/3/2005 10:43 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I just got engaged and my fiance and I are beginning to "merge" our investment theories. Currently, I invest 16% of my income into my retirement account through work. He only invests 8% (the max amount our company matches). I'm the one who's been more into investing and so I'm trying to figure out what the best solution for us would be. We both make about the same amount, so figure we should save about the same.
I've heard repeatedly how great Roth IRAs are but haven't opened one myself. So, I looked into a Roth IRA, but if we decide to file jointly, I don't think we'll be able to invest in one of those. Are there other options? How do you decide if you'll be in a higher tax bracket when you retire? Also, I saw that someone mentioned in a different post that with a 401K you have to take it all out in a lump sum when you retire. Did I get this wrong? Will I have to take it all out and pay taxes on it as if I had earned it all that year? I'm 26 and trying to get this all figured out now. Any help or advice is greatly appreciated.
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.
Post of the Day:
Macro Economics

Looking at Oil and Gas
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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.