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re: Where should I start putting extra money every month?
Posted on 2/26/17 at 3:20 pm to Decisions
Posted on 2/26/17 at 3:20 pm to Decisions
quote:
it seems to me like if you're on track to retire when you set your goal
another thing, due to me being a novice, is not really knowing what's "on track". I'm sure I'm in a better situation than most of my friends but I have no idea what I'm "supposed" to have in retirement. So I think that everything I do investment-wise is with an eye on trying to quit working sooner than later.
So now that I think about it, scrap option 1. Kids aren't in the picture right now so I guess I'd rather put any extra money into retirement. So that brings me back to kinda the original question...should I start a new retirement fund? Should I just open another Vanguard fund and just have it for 25 years? Open another target date fund?
1
Posted on 2/26/17 at 3:35 pm to WG_Dawg
Sounds like you are not maxing your 401k.
That seems like the obvious choice. As the tax savings alone will be better than your other options. Guessing your employer is giving you similar target date fund options?
That seems like the obvious choice. As the tax savings alone will be better than your other options. Guessing your employer is giving you similar target date fund options?
This post was edited on 2/26/17 at 3:38 pm
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