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retirement, good or sucks
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<blockquote data-quote="Whisky" data-source="post: 277953" data-attributes="member: 661"><p>Here is a question I just asked my self today....</p><p></p><p>I am mid 30s and have had a 401k going for over a decade. It's doing Ok, and I have stepped up my contributions this last year to 15%. I also hate debt and want to get a vehicle and tractor paid off ASAP. It's feasible to have them both done by Dec 2020, if both the wife and I make significant reductions to 401k for a year. We would still be around 6% each and getting max employer match......Is this advisable? I think I know what Dave Ramsey would say..and I'm leaning that way.</p><p></p><p>The only kicker is not going back into debt after all that BS..AND immediately increasing 401 contributions when the goal is met.</p></blockquote><p></p>
[QUOTE="Whisky, post: 277953, member: 661"] Here is a question I just asked my self today.... I am mid 30s and have had a 401k going for over a decade. It's doing Ok, and I have stepped up my contributions this last year to 15%. I also hate debt and want to get a vehicle and tractor paid off ASAP. It's feasible to have them both done by Dec 2020, if both the wife and I make significant reductions to 401k for a year. We would still be around 6% each and getting max employer match......Is this advisable? I think I know what Dave Ramsey would say..and I'm leaning that way. The only kicker is not going back into debt after all that BS..AND immediately increasing 401 contributions when the goal is met. [/QUOTE]
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