Thread: Roth IRA
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Old 05-30-2007, 10:30 PM
shark6 shark6 is offline
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Join Date: Jun 2004
Location: MPLS
Posts: 933
Default Re: Roth IRA

First, you need to get the maximum match on your 401k at work. Then, you need to make sure that the equivalent of about 15-20% of your gross income gets put away for your retirement. For example, if you company matches dollar for dollar up to 8%, then you've got 16% going in and you're doing ok. (The 15-20% is a rule of thumb I've heard a few places to be able to retire at 60ish with the same income you had while you were working.)

Finally, get some personal finance books and read all you can.
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