Re: Contributing to both the Roth IRA and 401(k)
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I'm thinking this whole deal isn't really common practice because if someone had $19K to put away per yer just for retirement, they likely might earn over $100K anyway, and not be eligible for the Roth.
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I don't really agree. I think this could apply to a good portion of recent graduates. If I was pulling in 40K and and single and still living like a college student (especially if I could stay with parents or something for a couple years) it would be pretty easy to save a quite a bit of money. Of course most people in this spot go buy a new car and move into a house/apt they can't really afford and buy a bunch of stuff they don't really need while eating out every night instead.
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