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Reply to "I don't make $1M a year... but I save about 50-60k a year, is it enough?"
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[quote=Anonymous]I'm not 35 and a multimillionaire like that other poster but am 31 and save 29k a year in my 401k with company match, wife saves about 8k, and we usually put my bonus (roughly 20k) towards debt (mortgage). Plus we put away approx $5 to $10k into general savings a year. All in, call it $60k. We make about $230k combined, so I guess we save about 25k. Is that enough you think? Also, I put it in a Roth 401k because I assume tax rates will have to go up one day. What do others do? At what tax bracket does Roth stop making sense? [/quote]
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