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[quote=Anonymous][quote=Anonymous]OP here, I am way behind and I do acknowledge that. I have been cash flowing about $4000 per month for my kids college education that last few years. I was planning to slap most of that right into the 401k and pay off debt as well. So now, I am just not sure what to do with that money. I do not have a brokerage account. I have another 401k for a PT job I have but I don't make enough to increase my contribution in any meaningful way.

[b]The employer is not shutting down, I don't believe.   [/b]

So... what I'm thinking is that I will roll my one 401k into the other. They are both with Vanguard so that will be easy and I've been happy with them. Then I open an IRA, my goal was to sock away money pre-tax as I have 1099 work so I'd like to lower my tax burden. I know that I will have a much lower contribution limit to an IRA and I believe that it will likely not be able to be tax exempt, if my google research is correct. Would you all suggest a brokerage account for the rest?  Should I do a Roth IRA if I'm not going to get a tax reduction?

confused.[/quote]

Cutting 401ks is a good sign that they are in financial trouble. The plans benefit the people running the company as much as if not more than workers. It's also just about impossible to recruit anyone with options if you don't have any retirement plan[/quote]

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