Hello All, so right here’s my story. I’m in my mid 30s, engaged and shortly to be married. I’m fortunate and blessed to have a job that I make simply above 100okay earlier than taxes. I personal my own residence which is a pleasant tax shelter. Name me naive however nonetheless don’t know a lot about planning for retirement apart from the fundamentals i.e 401okay

I at present contribute about 12 % with an annual 1 % improve every year. My employer additionally does a 1 % match as nicely. My query is ought to I even be contributing to an IRA? If that’s the case how a lot ought to I contribute and what kinda of IRA? And what is an effective steadiness of allocation between the 2 accounts. (401okay and IRA)

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