Snave - yes I have not been around in this forum for a long time but have already picked up on some of the frequent posters philosophies’. I think it is great to have different opinions, but hopefully people who are seeking advice form their own opinions and develop a process that will fit their particular needs. I don't have a problem with the Dave Ramsey method, I just don't happen to believe that it is a perfect fit for my situation. For example, the advice to pay down debt at all costs doesn't seem to take into account the detrimental tax consequences of foregoing our 401K investments to accelerate the debt reduction. I am in the process of reading financial advice books and will probably pick up a DR book just to understand his point of view.
In terms of the 401k match, I know the 7% is correct for my employer. They match in company stock but you can diversify into other funds as soon as it posts. I have not looked at my wife's plan in detail but we are planning to review her plan and allocations soon.
|