Making the Most of Oil Royalty

[tiredmom]

So my Mom is starting to give my siblings and me a little bit of money from a newfound oilwell.......do I:

a) put it in something safe like a Roth IRA OR

b) start contributing to my hubby's 401(k) again WHICH his company matches $.75 for every $1

Thanks!

[billchrz]

If the funds are good in the 401k than I would have him up the contribution to the max that they will match and subsidize it with the money you are receiving. After reaching the max match, I would put the rest into a Roth.