http://www.consumerismcommentary.com/the-last-401k-guide-youll-ever-need-five-tips-part-1/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.consumerismcommentary.com/the-last-401k-guide-youll-ever-need-five-tips-part-1/comment-page-1/#comment-45737 Dus10 Tue, 25 Jul 2006 17:56:12 +0000 http://www.consumerismcommentary.com/2006/07/25/the-last-401k-guide-youll-ever-need-five-tips-part-1/#comment-45737 I currently put 5% into my 401(k). I just became eligible to contribute with my current employer. At my previous employer, I invested 4% into my 401(k). I get a great match, but I have maxed it out. I will not increase my 401(k) contributions until I max out all other options, including my Roth IRA, my wife's Spousal Roth IRA, and educational savings accounts for my kids. At that point, I probably won't care to save more for retirement in a true retirement account, as I could just as easily sock it away in a brokerage account, because earnings are basically tax deferred there, too, and it will help me to retire sooner, as I can withdrawal funds at any time. I am going Roth all the way, though, as I don't want tax deferred in retirement funds, because you pay income tax rates on these funds, rather than capital gains rates. I currently put 5% into my 401(k). I just became eligible to contribute with my current employer. At my previous employer, I invested 4% into my 401(k). I get a great match, but I have maxed it out. I will not increase my 401(k) contributions until I max out all other options, including my Roth IRA, my wife’s Spousal Roth IRA, and educational savings accounts for my kids. At that point, I probably won’t care to save more for retirement in a true retirement account, as I could just as easily sock it away in a brokerage account, because earnings are basically tax deferred there, too, and it will help me to retire sooner, as I can withdrawal funds at any time. I am going Roth all the way, though, as I don’t want tax deferred in retirement funds, because you pay income tax rates on these funds, rather than capital gains rates.

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