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re: Bonus at the end of year
Posted on 12/3/12 at 11:42 am to Rev1897
Posted on 12/3/12 at 11:42 am to Rev1897
quote:
why do you say this? It's only $5,000 per person, right?
I am already maxing out my 401k and have a significant savings/equities account.
rule #1 - make sure you are contributing up to what your employer matches with your 401K. You will not make a better initial ROI that having your employer match.
rule #2 - if you are young enough to see the ROTH growth then contribute up to the max of ROTH limits
rule #3 - any more retirement money you have to invest, back into a 401k or traditional IRA
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