Comments on: Where To Put My Excess Money? Roth? 401(K)? Emergency Fund? http://mynextbuck.com/where-to-put-my-excess-money-roth-401k-emergency-fund/ Personal Finance for Young Professionals Mon, 21 May 2012 12:22:22 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: James http://mynextbuck.com/where-to-put-my-excess-money-roth-401k-emergency-fund/comment-page-1/#comment-432 James Wed, 02 Dec 2009 20:13:01 +0000 http://mynextbuck.com/?p=683#comment-432 ROTH, no question about it. Its tax free and if you really, really have an emergency you can borrow against it or cash it out - although cashing it out isn't optimal. ROTH, no question about it. Its tax free and if you really, really have an emergency you can borrow against it or cash it out – although cashing it out isn’t optimal.

]]> By: clayton http://mynextbuck.com/where-to-put-my-excess-money-roth-401k-emergency-fund/comment-page-1/#comment-430 clayton Wed, 02 Dec 2009 16:23:31 +0000 http://mynextbuck.com/?p=683#comment-430 I would pick the one you plan to have the longest like the roth or brokerage because it will do more good in the long run for you. That's what I'm doin. I would pick the one you plan to have the longest like the roth or brokerage because it will do more good in the long run for you. That’s what I’m doin.

]]> By: J. Money http://mynextbuck.com/where-to-put-my-excess-money-roth-401k-emergency-fund/comment-page-1/#comment-427 J. Money Wed, 02 Dec 2009 01:23:02 +0000 http://mynextbuck.com/?p=683#comment-427 Well would you look at that ;) Brian and an Emergency Fund sittin' in a tree - S-A-V-I-N-G-G (that last g is so it rhymes.) Well would you look at that ;) Brian and an Emergency Fund sittin’ in a tree – S-A-V-I-N-G-G (that last g is so it rhymes.)

]]> By: Financial Samurai http://mynextbuck.com/where-to-put-my-excess-money-roth-401k-emergency-fund/comment-page-1/#comment-422 Financial Samurai Tue, 01 Dec 2009 07:17:43 +0000 http://mynextbuck.com/?p=683#comment-422 Brian - If you've maxed out your $16,500 in your 401K this year, just keep building your Emergency Fun, which should really just be considered your savings. You'll be amazed after 10 years how much you'll have in your 401K due to the company matching, returns, and profit sharing. i bet if you keep at it, in 10 years, you'll easily have $200,000+ in it. You won't even notice the huge jump until you one day say WOW! Brian – If you’ve maxed out your $16,500 in your 401K this year, just keep building your Emergency Fun, which should really just be considered your savings.

You’ll be amazed after 10 years how much you’ll have in your 401K due to the company matching, returns, and profit sharing. i bet if you keep at it, in 10 years, you’ll easily have $200,000+ in it. You won’t even notice the huge jump until you one day say WOW!

]]> By: Craig http://mynextbuck.com/where-to-put-my-excess-money-roth-401k-emergency-fund/comment-page-1/#comment-417 Craig Mon, 30 Nov 2009 17:36:16 +0000 http://mynextbuck.com/?p=683#comment-417 I would say your Roth. Let the money grow and it can help out more in the long run. Plus there will be a time when you need money more and may not be able to contribute to your Roth, so get started now. I would say your Roth. Let the money grow and it can help out more in the long run. Plus there will be a time when you need money more and may not be able to contribute to your Roth, so get started now.

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