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Quake5 · 10-31-2007, 03:25 PM

My company currently matches my 401k 100% up to 6% so obviously i have been putting 6% in every year for the last three years. Would it be better to just increase my contribution or include a Roth IRA fund like the one i mentioned above. Thanks in advance for the help!!!<br />

Dani_Garcia · 10-31-2007, 03:25 PM

If you will have 12% contributions to your 401k, it makes sense to contribute extra savings to a ROTH IRA. This means you will have some money that will be taxed and the ROTH that you can withdraw tax free.

Even if you are in a low bracket the ROTH can make sense, if you qualify for the retirement savings tax credit.

Your choice of a fund looks like a good pick.

kevin · 10-31-2007, 03:25 PM

The thought of just blindly putting money into funds is beyond me. Stocks only go higher when there are buyers to pay more.

What is going to happen when people want to sell, and there are fewer buyers in the next generation ?
The stock market is a legalized pyramid scheme based on the greater fool theory.

You can make big money, but there is absolutely no guarantee, regardless of how long you are in the market.

The mutual funds love all the sheep that are "investing" they dont really care, they collect fees all the way along.
Even with the DOW at an all time high, there `are plenty of stocks that have gone nowhere or gone down.

Buyer Beware.

10-31-2007, 03:25 PM	#1
Quake5 Greenhorn Join Date: Jul 2006 Posts: 22 Rep Power: 6	I am 25 years old. What do you think of the Vanguard Target Retirement 2045 Fund combined with my 401K? My company currently matches my 401k 100% up to 6% so obviously i have been putting 6% in every year for the last three years. Would it be better to just increase my contribution or include a Roth IRA fund like the one i mentioned above. Thanks in advance for the help!!!<br />

10-31-2007, 03:25 PM	#2
Dani_Garcia Greenhorn Join Date: Jul 2006 Posts: 21 Rep Power: 6	I am 25 years old. What do you think of the Vanguard Target Retirement 2045 Fund combined with my 401K? If you will have 12% contributions to your 401k, it makes sense to contribute extra savings to a ROTH IRA. This means you will have some money that will be taxed and the ROTH that you can withdraw tax free. Even if you are in a low bracket the ROTH can make sense, if you qualify for the retirement savings tax credit. Your choice of a fund looks like a good pick.

10-31-2007, 03:25 PM	#3
kevin Greenhorn Join Date: Jul 2006 Posts: 26 Rep Power: 6	I am 25 years old. What do you think of the Vanguard Target Retirement 2045 Fund combined with my 401K? The thought of just blindly putting money into funds is beyond me. Stocks only go higher when there are buyers to pay more. What is going to happen when people want to sell, and there are fewer buyers in the next generation ? The stock market is a legalized pyramid scheme based on the greater fool theory. You can make big money, but there is absolutely no guarantee, regardless of how long you are in the market. The mutual funds love all the sheep that are "investing" they dont really care, they collect fees all the way along. Even with the DOW at an all time high, there `are plenty of stocks that have gone nowhere or gone down. Buyer Beware.

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