My 1,000 savings plan is a local state growth savings plan (just like a 401k). A pers retirement is (public employees retirement system) it is a retirement program funded by the state (i do not need to contribute) for my retirement (i work for the state). Currently i am contributing $120.00 a month to my savings plan and my wife does like 5% to hers (her company matches plus puts in a yearend bonus every year) she has only had the 401k for 7 years and has aprox 60,000 in it. I also receive a small military pension check $600 a month. i guess i need to know, am i on the right path? Also, should we just put her bonus check in a reg. savings acct. or try something else? I am just looking for ideas. Thanks!
