Comments on: How much is enough to save for retirement? http://www.planningforretirementmadeeasy.com/how-much-is-enough-to-save-for-retirement.html#utm_source=rss&utm_medium=rss&utm_campaign=how-much-is-enough-to-save-for-retirement Premier Source For Retirement Planning Informations Sun, 26 Jul 2009 00:00:37 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Rick B http://www.planningforretirementmadeeasy.com/how-much-is-enough-to-save-for-retirement.html/comment-page-1#comment-1986 Rick B Sun, 31 May 2009 21:58:55 +0000 http://www.planningforretirementmadeeasy.com/personal-finance/how-much-is-enough-to-save-for-retirement#comment-1986 I would try to invest 15% of my income. That is what Dave Ramsey and many others recommend. Put your 401(k) up to the amount of any company match, then put the rest in a ROTH IRA. When you retire, that will give you a source of taxable income, as well as a source of TAX-FREE income!! If you still have not reached the 15% level after maxing out your ROTH, then you can increase your 401(K) above the level of the company match. As young as you are, you should be almost completely in stocks. Make sure you have a healthy portion in international stocks as well. I'd probably recommend: 20% small cap domestic 20% mid cap domestic 20% large growth domestic 20% international stocks 10% bonds 10% money market I would try to invest 15% of my income. That is what Dave Ramsey and many others recommend.

Put your 401(k) up to the amount of any company match, then put the rest in a ROTH IRA. When you retire, that will give you a source of taxable income, as well as a source of TAX-FREE income!!

If you still have not reached the 15% level after maxing out your ROTH, then you can increase your 401(K) above the level of the company match.

As young as you are, you should be almost completely in stocks. Make sure you have a healthy portion in international stocks as well. I'd probably recommend:
20% small cap domestic
20% mid cap domestic
20% large growth domestic
20% international stocks
10% bonds
10% money market

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