Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TiredRN Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Simple IRA Date: 6/8/2000 12:02 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
My question relates to the simple IRA and how much we should contribute. For the last year my husband and I have put all of our focus and drive into eliminating our debt. We have been able to decrease our debt from $43,000 to $33,000, paid off our auto one year early and plan to be debt free 7/01. (ouch, I know)! In order to get started last year, I had to stop contributing to my 403B and then had an extra $150 to put to our debt. Although I am a novice, I have learned (via The Motley Fool, etc) that I am passing up "free money". I have begun contributing again to my 403B and now my husband is eligible to participate in his companies Simple IRA. His company will match 3% of contributions. My question is should he put in 3% or more? I know of the $6000.annual rule for contributions. Our main goal is to eliminate our debt but at the same time don't want to pass up the "free money". We have $700 to apply to our debt each month.
Any suggestions? Thanks!
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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 Story Behind the Story
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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