Wednesday, August 10, 2011

What should I do for my retirement savings? | Retirement Planning

I contribute the max to my 401k the company will match. I take advantage of a biannual employee stock purchase plan with a discount of 15%. The shares are deposited into an e-trade account. Should I open a Roth IRA and put this money into it? What kind of waiting period would be appropriate for the best tax advantage? I want to take advantage of both of my companies programs I just need advice on how to strike a balance between the two for retirement. Should I ditch the stock plan and get more aggressive with the 401k? I am 41 y.o. Or should I open an IRA for my unemployed spouse? Hmmm. I forgot to mention I only have aroung $10,000 saved as of now (Late starter).Help me please.


Source: http://retirementplanning.investblogs.com/2011/08/10/what-should-i-do-for-my-retirement-savings/

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