Your financial plan

[jIM_Ohio]

Which of the following things describes your financial plan right now.

Max out 401k or other workplace retirement plan
Max out Roth IRA
Paying extra on mortgage
Contributing to 529 or other education savings accounts
Investing in taxable accounts/ adding to savings
Paying off cc debt
Paying off student loans
Paying off car debt
Paying off debt not listed
Mortgage already paid off
Preparing for bankruptcy procedures- not paying down anything

[Snave]

We plan on maxing 401K, maxing Roth, funding 529 (4-5K), and paying extra on a HELOC we took out for some home improvements. I would like to put some money in our taxable accounts also, but might not have much left over.

[disneysteve]

We put the max in my wife's 401k.
We both put the max in Roths.
We invest in taxable accounts.
We contribute to a 529.
We add to the mortgage (once the Roths are maxed for the year).
We have no debt other than the mortgage.

[Investing First Steps]

I have no debts of any kind and don't own a home. I will of course max out anything tax-deferred (SEP IRA in my case) and will probably add some to my taxable accounts as well. My financial plan is boring

[MonkeyMama]

None of the above.

No non-mortgage debts.

We are upping retirement from 12% to 15%, in 2009.
(Maxing out would be 25% gross; not a goal right now - aiming for 2012).

Pre-paying mortgage / college savings / taxable savings is not a goal until retirement is maxed.

In addition to 15% retirement in 2009, we are just working on our cash savings. We have some catching up to do from some low income years, 2003 - 2005. Cash savings is important for us, to stay out of debt. I'd consider it more analagous to debt paydown (paying before rather than after) than taxable investing though. Definitely in catch up mode.

[Angio333]

I"ll be hitting my only deby, a credit card, really hard. However, my main goal will be to continue paying for my college degree in cash.

[jIM_Ohio]

None of the above.

No non-mortgage debts.

We are upping retirement from 12% to 15%, in 2009.
(Maxing out would be 25% gross; not a goal right now - aiming for 2012).

Pre-paying mortgage / college savings / taxable savings is not a goal until retirement is maxed.

In addition to 15% retirement in 2009, we are just working on our cash savings. We have some catching up to do from some low income years, 2003 - 2005. Cash savings is important for us, to stay out of debt. I'd consider it more analagous to debt paydown (paying before rather than after) than taxable investing though. Definitely in catch up mode.

I had that as investing in taxable accounts (savings is taxable). But I don't know how to edit the survey (that was added to first post I made).

[Ima saver]

I am adding to my taxable savings, my Ira's to the max and have no mortgage or other debt except my car. I don't pay it off early cause then my husband will want a new car and this one only has 5000 miles on it. (He is a car guy)

[GREENBACK]

One thing that could have been part of your survey jIM is liquidity. I lost a good chunk from my EF in the fall and want to add back to my cash assets this year. It will lower a few of my investment choices this year but I was sure glad to have the cash this year and want to get back to where I was.

[zetta]

Although I voted for "Max ROTH IRA", our contributions will go to a traditional IRA since we don't qualify for a ROTH.

[maat55]

Invest in wife's 401k to the match.
Fund Roths
Pay down house early
Fund our car-misc. fund to pay cash for everything but house.
Kids are gone.

[cptacek]

Investing in taxable accounts
Paying off cc debt
Paying off car debt
Paying off debt not listed

Adding: Investing in my own business

[LivingAlmostLarge]

possibly agreeing with starting a business as well. too bad not a choice.

[jIM_Ohio]

One thing that could have been part of your survey jIM is liquidity. I lost a good chunk from my EF in the fall and want to add back to my cash assets this year. It will lower a few of my investment choices this year but I was sure glad to have the cash this year and want to get back to where I was.

I only had 10 entries for the survey. I did the best I could. Savings and EF is a taxable account. That option is there.

[creditcardfree]

max roths
save 4% of gross to TSP
pay off home equity loan
contribute to college funds