Background:
29 yrs with both 401k and ROTH IRA. I have been investing 10% of my salary in 401k and $5000 into ROTH for the past 4 years.
My understanding is to invest at least the agency match in 401k, then max my ROTH, then any remaining money should be added to 401k as long as my current salary is less than that I will receive in retirement. I am at a point where I believe my current annual income will be more than what I will receive in retirement.
If all this is in fact true, I am about to stop my ROTH contributions and concentrate solely on 401k. My ROTH is currently with Vanguard Target Retirement 2050. My question is, if I no longer make any contributions, should I keep my ROTH dollars in the Target Retirement 2050 or move it to something less risky? I was thinking something like Vaguard VASIX.
Thanks in Advance
29 yrs with both 401k and ROTH IRA. I have been investing 10% of my salary in 401k and $5000 into ROTH for the past 4 years.
My understanding is to invest at least the agency match in 401k, then max my ROTH, then any remaining money should be added to 401k as long as my current salary is less than that I will receive in retirement. I am at a point where I believe my current annual income will be more than what I will receive in retirement.
If all this is in fact true, I am about to stop my ROTH contributions and concentrate solely on 401k. My ROTH is currently with Vanguard Target Retirement 2050. My question is, if I no longer make any contributions, should I keep my ROTH dollars in the Target Retirement 2050 or move it to something less risky? I was thinking something like Vaguard VASIX.
Thanks in Advance