Quote:
Originally Posted by noppenbd
Jim, OP first post says that both him and wife max 401ks; I take that to read that they put in 15.5K each, meaning 31K per year. So they are already saving 15%.
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Good point, I went back and read
Quote:
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We both max our 401Ks at $15.5K per year. I receive a 7% employer match and my wife receives a 4% match.
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It appears OP meets the 15% savings guideline recomended by many investment professionals (T Rowe Price is where I get my savings suggestions from).
Other advice above is still quite accurate (need to formulate goals and risk tolerance).