BMS
December 25th 03, 08:47 AM
One fact to make a judgment, how old are you?
Besides your kid's education, what are the other things you are saving for?
House, emergency funds, etc.
"Michael Grinnell" > wrote in message
m...
> List,
>
> I am currently putting about $2k/year into each of my wife and my Roth
> IRA and about 5% of my income into my 403b (amounts to about $3100)
> and $2400 into 529 plans for each of my two children. The total for
> all accounts, therefore, is about $11,900. I am wondering what the
> pros and cons are for the above-mentioned distribution between my 403b
> and Roth IRA. Given the children and other deductions (along with a
> not enormous income), our tax bracket is not too painful. My wife is
> not working outside the home at present. I have always thought it's
> kind of 6 of one and half a dozen of the other between the 403b and
> Roth IRA given our situation. I may be way off, however.
>
> Are there any obvious advantages to this or another strategy?
>
> Thanks much,
>
> Mike
>
Besides your kid's education, what are the other things you are saving for?
House, emergency funds, etc.
"Michael Grinnell" > wrote in message
m...
> List,
>
> I am currently putting about $2k/year into each of my wife and my Roth
> IRA and about 5% of my income into my 403b (amounts to about $3100)
> and $2400 into 529 plans for each of my two children. The total for
> all accounts, therefore, is about $11,900. I am wondering what the
> pros and cons are for the above-mentioned distribution between my 403b
> and Roth IRA. Given the children and other deductions (along with a
> not enormous income), our tax bracket is not too painful. My wife is
> not working outside the home at present. I have always thought it's
> kind of 6 of one and half a dozen of the other between the 403b and
> Roth IRA given our situation. I may be way off, however.
>
> Are there any obvious advantages to this or another strategy?
>
> Thanks much,
>
> Mike
>