I want to invest additional 10% of my salary each paycheck into something. My company matches the first 3% in my traditional IRA . Should i put in the other 7% or look to invest it elsewhere like in a Roth IRA, savings, MMA, or something else you recommend?

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Posted by Jag_Warrior

Virginia

Member since May 2015

4101 posts

Posted on 3/5/18 at 8:49 pm to Beaux

Your company matches your IRA... or your 401k?

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Posted by Mr International

Member since Nov 2017

47 posts

Posted on 3/5/18 at 11:20 pm to Jag_Warrior

Ira simple ? 401 k? Roth IRA?

This post was edited on 3/5/18 at 11:24 pm

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Posted by Beaux

Down On The Bayou

Member since Sep 2005

4585 posts

Posted on 3/6/18 at 10:32 am to Mr International

Bump any advice please, they match 3% of my IRA

This post was edited on 3/6/18 at 10:33 am

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Posted by Teddy Ruxpin

Member since Oct 2006

39582 posts

Posted on 3/6/18 at 11:13 am to Beaux

quote:
Bump any advice please, they match 3% of my IRA

I'm still confused

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Posted by lsugorilla

PNW

Member since Sep 2009

5536 posts

Posted on 3/6/18 at 11:23 am to Beaux

first use it to pay off debt if you have any, then invest in continuing education

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Posted by JPLSU1981

Baton Rouge

Member since Oct 2005

26272 posts

Posted on 3/6/18 at 11:23 am to Beaux

It sounds like you have a 401k that they match up to 3%. And yes it would be perfectly fine to put more into your 401k even though it wouldn’t get the company match.

Most experts recommend saving at least 10-20% into your 401k.

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Posted by Beaux

Down On The Bayou

Member since Sep 2005

4585 posts

Posted on 3/6/18 at 2:33 pm to JPLSU1981

It is a CB&T CUST SIMPLE IRA with Amerifunds and they match up to 3%