Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hi All,

I have finally found my way to this board, and am intrigued. I definitely want the "financial independence" part of FIRE, -- whereas I'm not sure I ever will retire per say, no matter what I'm doing in the future. What I do want is to DO what I want and have enough "FY" money not to worry about small things. Ha ha.

Currently I am saving 11% of my salary in a 401K that is approaching $50K in value. I'm age 32 ...

I don't have other investments or net worth to speak of, just a load of mortgage debt and student loans. No consumer debt though.

I've seen different theories about this, but savings-wise, should I try to increase 401K contributions or leave it at 11% and diversify my investments via Roth IRA contributions? My Roth is anemic...but still there, and I haven't contributed to it the past couple of years.

Just trying to get a grip on the general wisdom of saving among FIRE folks -- yeah I know, "as much as possible"...

~dswing





Print the post  

Announcements

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.
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.
Advertisement