Sunday, November 27, 2005

401k vs Roth IRA

I saw this and I know that this is a common question on those savings for retirement

Q: Should I max out my Roth IRA and put the remaining money in my 401(k) or max out my 401(k), leaving little if any for the Roth IRA?

My husband and I do this a little different than most. He saves in 401k, 11% and since I don't have access to a 401k, I save as much as I can in a Roth IRA. It kind of balances us off.

See what the professional say at USA Today

1 comment:

Barbara Wood said...

Hi Frugal Mom,
I like your blog. We've lived frugally for 18 years and love it. The best books I've found are the Tightwad Gazette books. You might want to add them to your Amazon picks.

Would you like to add a link to my blog? www.pluggedinhomeschool.com

(A lot of homeschoolers have to live frugally, you know!)

Thanks. (I'll return the favor!)