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Reply to "Only 100k in 401k at 50"
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[quote=Anonymous]First, you should know what your 401k is invested in. It's possible that it is all your money, barely any growth, minus fees. Max out your Roth as long as you can buying Voo/VTI for now. If that $100k were in few growth stocks in your Roth or in an investment account instead of what 401k has for you, it would turn into a million easily by the time you retire. No need to add more money. Learn to invest and make sure your kids start at 18 or the minute they get a job. Help them with their credit if you have a good one. Don't put any more money into 529. Roth IRA, 401k up to the match (stock fund), and open an investment account so you can learn, stay healthy, watch your grandkids for free. It's more help that 529. [/quote]
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