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Posted: 9/13/2010 6:58:15 PM EDT
42, married, 2 kids (13&8)

Have the following in my 401K.....I am going to verify company match amount and maximum tomorrow and I will update then.....currently I am putting about 19% of my pay into these.....
Large Cap - Fidelity Growth (59%)
Mid Cap - Mid Cap Equity Blend (4%)
Small Cap - Vang Sm Cap Idx Inst (8%)
International- All/Bern Intl Style (18%)
Bond Investments / Income - BTC US Debt T (11%)
(No other real investments or savings).......

Should I change anything?
Link Posted: 9/14/2010 5:12:28 AM EDT
Originally Posted By GIDDS-45:
...currently I am putting about 19% of my pay into these.....

(No other real investments or savings).......

Should I change anything?


If your employer does not match your contributions all the way to 19%, I would consider reducing your contribution to whatever the maximum they do match and then using the rest to fund a Roth IRA.
Link Posted: 9/14/2010 6:49:25 PM EDT
Originally Posted By Boomer:
Originally Posted By GIDDS-45:
...currently I am putting about 19% of my pay into these.....

(No other real investments or savings).......

Should I change anything?


If your employer does not match your contributions all the way to 19%, I would consider reducing your contribution to whatever the maximum they do match and then using the rest to fund a Roth IRA.


/ thread

Unless your tax bracket is higher than you expect it to be at retirement, contribute to 401k up to the point matching company contributions stop and put the rest in the Roth IRA.
If you are in a higher bracket, then just go with traditional IRA and take the tax deduction.
Link Posted: 9/15/2010 10:22:58 AM EDT
Originally Posted By Revelation68:

If you are in a higher bracket, then just go with traditional IRA and take the tax deduction.


If you contribute to an employer sponsored 401(k) then you can not take a deduction when contributing to a traditional IRA.
Link Posted: 9/15/2010 5:48:27 PM EDT
[Last Edit: 9/15/2010 5:49:37 PM EDT by Revelation68]
Originally Posted By back40:
Originally Posted By Revelation68:

If you are in a higher bracket, then just go with traditional IRA and take the tax deduction.


If you contribute to an employer sponsored 401(k) then you can not take a deduction when contributing to a traditional IRA.


If you over the phase-out amount, then yes, you're right.
But if you're below that, then you're incorrect, I believe.
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