I'm 31, and have some extra money each month and I'm curious what to do with it. I feel keeping it piling up in my savings account with the measly interest it gains is a waste. I''ve got a good emergency fund, the whole 6 months of living type of thing.
I'm paying $300 more a month on my mortgage, no car payment or other debt.
I contribute the minimum on my 401k in terms of employer match.
So...What would you suggest for the best course of action to keep putting my extra money?
One guy at work says to max out the 401k at work, as that will lower my taxable income. I'm single so I get screwed bad anyway.
I'm not smart on this stuff at all, and I'm not sure where the tax advantages are. My 401k/retirement outlook is weak, I havent been too good on contributing to that.
I'd be looking for long term, pretty stable stuff.
Go!