Skip to main content
No. of Recommendations: 1
Thank all!!

"do either of you have employer-sponsored 401(k)s or the equivalent? That's another great place to max out your funds, and particularly a place to make sure you get the full employer match."

ThyPeace-I'm technically a public employee with a defined benefit/defined contribution plan, and 3% of earnings gets "matched" by my employer and invested in the dc portion. It isn't a true match, but more of a gift as I don't have to put anything in to get the 3%.

I also have a 457 that was started years and years ago as well. We had a small amount from each pay check diverted there and now we can try and grow that. Loose goal is to invest $6k/yr into it, bringing annual investing to $20k including the Roths. I'm not sure that pace is sustainable on our current income...I'm really, REALLY bustin' it to earn what we earn.

I've been following the FIRE community lately and trying to get that savings rate up, but find that higher savings rates are VERY much income driven.

If any of this doesn't sound like a good path, I'm open to suggestions. Thank you!
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
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.