Message Font: Serif | Sans-Serif
No. of Recommendations: 0
After doing my taxes, I was advised to discontinue my IRA contributions becuase a pecentage of my 401k goes into a pension/savings plan. I was also advised to increase my contributions, although my empolyer only matches a 1/3.
Is this good advice? I have been just contributung upto what my employer would match; and have been contributing the rest in a seperate IRA acoount, figuring I would be better served not tying all my money up with my employer, especially since the pension plan is just a savings and is not being matched.

Need a second opinion.
Print the post  


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.