Quote:
Originally Posted by Unregistered
41, male
$160k 401k (maximizing annual limit)
$40k pension
$3k roth ira (maximizing annual limit)
$5k savings
$80k mortgage for $170k townhome
no other debt
tip: prolong marriage and kids
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Hi,
I'm a singaporean based in the US too. Just started working here. Are you planning to get a green card? If i'm not planning to get one, would you still recommend taking advantage of the 401k, IRA etc.? Right now I'm close to maximizing my first year Roth IRA contribution, and am wondering whether I should plough more money into my 401k. At present I'm contribution 12%, split half and half between traditional and roth, but am looking to increase that to 16%. Would you recommend traditional or roth or neither?
Thanks.
Singaporean in Boston.