street pilot Posted March 17, 2008 Report Share Posted March 17, 2008 Put as much % into your 401K as needed to get the max. company match. Then contribute your limit into Roth if you have enough. Remainder in other investments. Quote Link to comment Share on other sites More sharing options...
Doug1647545489 Posted March 17, 2008 Report Share Posted March 17, 2008 I split mine up. 50% 401K (no matching which blows), 25% in other mutual funds, and the other 25% is my play money in the stock market. I'd do a Roth instead of the mutuals funds, but I want to be able to use that money for a downpayment for a house at some point. I believe there is a penalty for withdrawing from a Roth early. Quote Link to comment Share on other sites More sharing options...
Conesmasher Posted March 17, 2008 Report Share Posted March 17, 2008 1.) Match the 401(k) match = 100% return 2.) Contribute to Roth IRA to highest possible amount. 3.) If you can max out a Roth IRA, congrats, max out your 401(k) now. 4.) If you've got more than this to dish out which is $20,000/year....consider hiring a professional money manager Quote Link to comment Share on other sites More sharing options...
Linc5.0 Posted March 18, 2008 Report Share Posted March 18, 2008 Im self employed so i have a SEP- ira....as I recall you can put up to 46k a year into or 25% of compensation,whichever is less. FTW! Quote Link to comment Share on other sites More sharing options...
Putty Posted March 18, 2008 Author Report Share Posted March 18, 2008 I save a hell of a lot more than 15k... but in a variety of investment packages. -What- Oh well hell....That's only 6% where I am. I over double that. Quote Link to comment Share on other sites More sharing options...
Prodeje79 Posted March 18, 2008 Report Share Posted March 18, 2008 Where is your maxima???? OK back on topic.... Since Nationwide started offering the 401k and the ROTH option, I have been putting in 6% into each. I have always thought about getting an accountant/financial planner. I can never decide who to see. This sounds crazy, but for some reason I picture that there is no good finanicial planner....if they were so good at it, they would be rich and wouldn't need to do it for others? I don't know! I am sure that is been debunked before, I just don't know what i want to do. Quote Link to comment Share on other sites More sharing options...
Putty Posted March 18, 2008 Author Report Share Posted March 18, 2008 Where is your maxima????. Spohn!!! Leased....by by!....So I ended up with this Impala....BUT due to gas and a supercharger, as of yesterday, I have a Maxima again....lol. This sounds crazy, but for some reason I picture that there is no good finanicial planner....if they were so good at it, they would be rich and wouldn't need to do it for others? . LoL...That makes sense Quote Link to comment Share on other sites More sharing options...
HotCarl Posted March 18, 2008 Report Share Posted March 18, 2008 Im self employed so i have a SEP- ira....as I recall you can put up to 46k a year into or 25% of compensation,whichever is less. FTW! Explain! I always read your max IRA/Roth contribution per year was 4k, going up to 5k in 2008. EDIT: Not to say you cant invest it elsewhere of course. Quote Link to comment Share on other sites More sharing options...
iwishiwascool Posted March 18, 2008 Report Share Posted March 18, 2008 Explain! I always read your max IRA/Roth contribution per year was 4k, going up to 5k in 2008. EDIT: Not to say you cant invest it elsewhere of course. SEP IRA is fairly different from a roth or traditional... is Wikipedia not working for you today? Quote Link to comment Share on other sites More sharing options...
iwishiwascool Posted March 18, 2008 Report Share Posted March 18, 2008 P.S. The forthcoming market (real estate, stock, commodities, etc.) is where millionaires are made. People don't get wealthy trading/buying in a peak economy. Had you shorted just 1000 shares of Bear Stearns on Friday, you would have netted $28000 tomorrow morning. There are something like 30,000 properties in inventory in Columbus. 6 more months on the market, prices will fall even more. Scoop up a handful of properties, rent them out to a few of the thousands of people being foreclosed on, hold until a rebound, reap the profit. Quote Link to comment Share on other sites More sharing options...
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