401 k IRA Question..

[Savingmonster]

I am soon to be 36 yr old man, I know it may sound silly, but do you guys think I am contributing too much to my 401k? Currently I am contributing the full 15%

Should I reduce it to say 10% or 6% (Where I get the full match), and use the extra cash (after taxes paycheck) to increase my emergency account and /or use the rest to start a roth IRA?

I don't have any debt or a mortgate or anything like that..

[disneysteve]

You should definitely be saving 15% for retirement so the question is where. The typical advice is to fund the 401k up to the match, then max a Roth IRA, then return to the 401k with the rest.

Do you have any non-mortgage debt?

Do you have a fully funded emergency fund?

Do you have any other goals that you need to be saving for?

[Savingmonster]

You should definitely be saving 15% for retirement so the question is where. The typical advice is to fund the 401k up to the match, then max a Roth IRA, then return to the 401k with the rest.

Do you have any non-mortgage debt?

Do you have a fully funded emergency fund?

Do you have any other goals that you need to be saving for?

I do not have any non-mortgage debt at all (no CC dept School loans, Car Loans, etc).. I was planning on going back to the full 15% in a couple of yrs, once

I can't say I have a saving goal, that getting a house/condo thought went out the window, since I figured out that it's way more beneficial that I keep renting (and if I make it to retirement, buy a modest home/condo with cash). But I just figured I would double or triple my emergency fund or put some of what I am putting into the traditional 401k into a IRA and mix it up.. Once I am satisfied, say by time I am 38-39, go back to contributing the full 15% to the 401k plan, and trying to contrib the max for the roth as well..

So I don't have a short term goal, I just would like to retire early 59-60yrs old, want to be able to buy a house in an island somewhere, IN cash and have enough to live a nice lifestyle for the rest of my life, simple, right???

[jIM_Ohio]

I am soon to be 36 yr old man, I know it may sound silly, but do you guys think I am contributing too much to my 401k? Currently I am contributing the full 15%

Should I reduce it to say 10% or 6% (Where I get the full match), and use the extra cash (after taxes paycheck) to increase my emergency account and /or use the rest to start a roth IRA?

I don't have any debt or a mortgate or anything like that..

What federal tax bracket are you in?

[Savingmonster]

What federal tax bracket are you in?

25%...