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Author: PBH Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25214  
Subject: Will I have enough? Date: 11/29/1999 8:40 AM
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I am just about to turn 31, and I am really just starting to invest in a few select stocks. I am enjoying it, and beginning to see some return.

I have worked for the same company for 7 years, and have contributed heavily to our 401(k) program. I don't consider the plan to be a strong one.

I guess my question, or concern is how can I figure out where I will be financially in 25 years? I also don't know whether or not to stop contributing so heavily to the weak 401(k) and start place the extra cash into additional stock ventures.

I do have $42K in the 401(k) plan, and contribute about
$700 montlhy on a pre-tax basis.

Any help or advice would be great!

Thanks!
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Author: W401K Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 4788 of 25214
Subject: Re: Will I have enough? Date: 11/29/1999 9:07 AM
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You can go to several web sites and use the reitrement planning calculator. You can find different versions of these at www.vanguard.com under planning, go to www.fidelity.com, go to www.financialengines.com. Also, almost all mutual fund family sites have this as well. If you are unable to locat any, try typing retirement calculator in a search engine such as excite or yahoo and see what comes up. Perhaps another Fool can give you more specific directions to a high quality calculator.
Good luck.
Bill in NJ

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Author: Mailman9 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 4795 of 25214
Subject: Re: Will I have enough? Date: 11/29/1999 10:33 AM
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I have worked for the same company for 7 years, and have contributed heavily to our 401(k) program. I don't consider the plan to be a strong one.

I guess my question, or concern is how can I figure out where I will be financially in 25 years? I also don't know whether or not to stop contributing so heavily to the weak 401(k) and start place the extra cash into additional stock ventures.<<<<<<<<<<

Bill gave you some advice about where to go for some projections. Remember that they are just projections. I would like to hear why you think the 401(k) is "weak." Perhaps there is no match - that would definitely enter into your calculations. However, I doubt you'll be able to beat the returns available by investing pre-tax as long as there is at least an index fund available as a choice in the 401(k).

Its possible because of the capital gains differential available (which does not apply at all to distributions from a 401(k) plan) but that assumes no transactions in your stock plan plus any dividends are of course taxed at regular rates as well.

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