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Originally Posted by GloryDayz
Yikes... I'd start with throwing the legal limit into a retirement fund, then seriously look at other ways to save every penny not needed to live.
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Quote:
Originally Posted by Bearcat
Yeah, probably a combo of maxing out a 401k, putting all savings/"emergency" money into an account like Discover that you can get to it fairly easily but it's making 3-4%, and then if there's some left maybe some kind of like 10yr equity or what not that won't lose you money, but will gain a little.
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Quote:
Originally Posted by BigRedChief
Like others said, max out the 401K. don't worry about the articles that say you cant retire unless you have at least $1 million in cash. figure out what you want to do in retirement. then budget your life to meet that goal.
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Thank you all for the advice. I really hadn't any clue. I work for a non profit and started a 403(b) plan about a year ago, I'll start upping the amount that goes into it each month. I have about 13,000 in KPERS that is really just sitting there. I thought about putting it into an Edward Jones account. Not trying to bring "DC" talk here but I fear the prospect of the unrealized gains tax.