Where to put money?

[347Mike]

I don't put a whole lot in my 401k but I do have a decent percentage.

On a side note, UNIS is looking great today! up 7% ont he day and 17% on the week! If I can get one more day of similar gains I will be happy this weekend...

[YALE]

I'm a nut for paying down any debt (mortgage/car, etc.) and reamoritizing the loan if I've got a good interest rate, or refinancing it altogether if a better one's available. You can keep making the same payment and really shave some principal off the loan that way.

[Broncojohnny]

I don't put a whole lot in my 401k but I do have a decent percentage.

On a side note, UNIS is looking great today! up 7% ont he day and 17% on the week! If I can get one more day of similar gains I will be happy this weekend...

You should put the maximum $16 or $17K a year, whatever it is, in there. The tax advantage makes it a fantastic deal. Put it into an S&P 500 index fund, the vast majority of funds can't beat an S&P 500 index fund over a 10 year timeframe.

[347Mike]

You should put the maximum $16 or $17K a year, whatever it is, in there. The tax advantage makes it a fantastic deal. Put it into an S&P 500 index fund, the vast majority of funds can't beat an S&P 500 index fund over a 10 year timeframe.

I am putting half of the maximum allowed at the moment. I was going to increase it but for whatever reason decided not to.

[GhostTX]

I am putting half of the maximum allowed at the moment. I was going to increase it but for whatever reason decided not to.

You should at a minimum, put in the amount to get the maximum matching from the company. That's an instant 100% return on investment.

[yellowstang]

You should at a minimum, put in the amount to get the maximum matching from the company. That's an instant 100% return on investment.

Why is that?

[347Mike]

You should at a minimum, put in the amount to get the maximum matching from the company. That's an instant 100% return on investment.

My company matches 50% so it would be an instant 50% not 100%. lol I am currently paying the maximum they match.

[GhostTX]

Why is that?

What I mean is, if the company matches $1:$1 up to X%, you should put in X%.

My company does $0.50:$1 up to 6%, so I contribute 6%...and I'm yeilding an instant 50% return (compared to market 10% or savings 2%).

My company matches 50% so it would be an instant 50% not 100%. lol I am currently paying the maximum they match.

Ya...that's what I meant.

The over of 6%, I'm rolling into a Roth IRA. When I max my contributions there, I'll start putting the "extra" into the 401k.

[03DARKSHADOW]

He probably wants to take your daughter's ass to the mall

LMAO..now really?! She's only 20months old...haha be my guess oh and btw he should keep in mind she loves Dora the explorer:wink1:

[347Mike]

LMAO..now really?! She's only 20months old...haha be my guess oh and btw he should keep in mind she loves Dora the explorer:wink1:

20 months or almost two?

[GrayStangGT]

20 months or almost two?

or 1 1/2 years old

[347Mike]

or 1 1/2 years old

Same difference.

[Swamp Donkey]

or 1 1/2 years old

That would be 18 months

[SVTNorthTexas]

What I mean is, if the company matches $1:$1 up to X%, you should put in X%.

My company does $0.50:$1 up to 6%, so I contribute 6%...and I'm yeilding an instant 50% return (compared to market 10% or savings 2%).


Ya...that's what I meant.

The over of 6%, I'm rolling into a Roth IRA. When I max my contributions there, I'll start putting the "extra" into the 401k.

My company matches 100% of what I contrubute upto 5% of my pay.

[03DARKSHADOW]

That would be 18 months

LOL well don't you know your shit son:wink1: