View Single Post
  #3 (permalink)  
Old 01-04-2006, 11:29 AM
Optsol Optsol is offline
$ Saving HS Freshman
 
Join Date: Jan 2006
Posts: 132
Points: 1832.60
Donate
Default Re: I need wise counsel for my situation

For me, level of emergency funding depends on your needs. Foe example, a family of 5 with a mortgage should have a different # of months than a single person living at home.

Your EF goal of 10k, while noble, seems way too high for me (20x monthly expenses)... I would stop contributing to that immediaitely (in fact I'd shave a little off to 3x expenses). I assume you have no dependents.

As Sweeps said, max out the Roth 1st, then I'd plow the rest into the retirement fund, or start a housing kitty.

g/l
Reply With Quote