Ok heres the deal.
I currently contribute 13% to 401k with 6% match. Dollar per dollar
On top of that, I get a 6% retirement plan from work based on total salary.
So basically together between the 2 accounts, I save 25% of my salary.
I make about 70k a year, and I am 24 years old. I have approx. $20,000 in the account.
My wife contributes 7% to 401k, and gets a 3% match. 50 Cents match to dollar.
Also gets a retirement plan that is 5.5% of total salary. SHe has approx. $2,000
She makes approx. 50k a year.
I want to get a Roth account going for atleast one of us, and maybe both. We have no debt besides a mortgage. We have a total of 12k in a taxable savings account, and money in stock options totally about 10k right now.
I really want to get a roth going so this is what I am thinking.
Lower my wifes contributions to 3%, and put the 333.33 per month into a roth. I am not sure if I should start a roth for me or not, just need some help with this.
Let me hear some ideas.
I currently contribute 13% to 401k with 6% match. Dollar per dollar
On top of that, I get a 6% retirement plan from work based on total salary.
So basically together between the 2 accounts, I save 25% of my salary.
I make about 70k a year, and I am 24 years old. I have approx. $20,000 in the account.
My wife contributes 7% to 401k, and gets a 3% match. 50 Cents match to dollar.
Also gets a retirement plan that is 5.5% of total salary. SHe has approx. $2,000
She makes approx. 50k a year.
I want to get a Roth account going for atleast one of us, and maybe both. We have no debt besides a mortgage. We have a total of 12k in a taxable savings account, and money in stock options totally about 10k right now.
I really want to get a roth going so this is what I am thinking.
Lower my wifes contributions to 3%, and put the 333.33 per month into a roth. I am not sure if I should start a roth for me or not, just need some help with this.
Let me hear some ideas.