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Money and Finances
Reply to "What is the best allocation for our money?"
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[quote=Anonymous]Are you already maxing all tax-advantaged retirement accounts (401Ks and Roth IRAs)? Retirement should always come first. There are multiple ways to pay for college. There's only one way to pay for retirement: saving. If you are already maxing those accounts, and assuming you have no consumer debt, then I would put it into your investment account (like an index mutual fund) so you can use it for a variety of needs, e.g., pay for your next car in cash, etc. Also, what are you giving to charity? Maybe take 10% and give that to charity. [/quote]
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