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Not sure what a fixed fund is but I agree that you should contribute at least 6% to your 401k to get the free money. Also, the Roth IRA for you and DW is smart. If you like the investment options of your 401k, then you could certainly continue adding to it after your Roths are fully funded. Any time I hear an investment has a guaranteed return, I think annuity and it make me nervous because they tend to carry high costs and commissions. You have to ask yourself is whether 6% is the best you can do. If not, you may be better off putting that $10k to work yourself.

At 28, you have a lot of years to grow your money for retirement. Have you also considered your more immediate saving needs, such as paying down your mortgage faster or paying off the car faster? Will your kids have needs for which you want to have money set aside, such as braces, sports, vacations to Disney World, take the wife on a second honeymoon? Did you want to set aside money for their college educations?

Fuskie
Who offers one other word of caution - this is a publically accessible discussion board and you may not want to post details of your salary here...
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