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Author: FuskieFool Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76875  
Subject: Re: Should I Open a Roth or Contribute to 401k?? Date: 1/4/2004 5:27 PM
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Right now, being young and on the short end of your potential income path, a Roth is a good instrument to consider as your tax burden is probably low compated to a few years from now. Yet the 401K can not be ignored. At the very least, contribute at least 2% to your 401k to get full matching. Figure out how much you need to set aside to fund your Roth ($250/mo for $3000), and put the rest back into your 401k.

One other note. In addition to your engagement ring (congrats!), make sure you are saving for an eFund (3-6 months living expenses) and other expenses you will need as a young family.

Who vaguely remembers being 22 over a millenium ago...
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