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Reply to "Sad, just had to cease contributions to my 401K in order to budget in daycare costs for new baby :("
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[quote=Anonymous]OP, I'm in the same boat. I've been contributing money to my 401K (about $7,200 a year) and also fully funding a Roth IRA ($5,500 a year.) I can't do both, so I'm about to stop or drastically cut back on my 401K. The daycare costs are just really tough to handle on a single salary. Thankfully, I think I'll be able to keep up with my contributions to the Roth. I know, I know, there are others who would cut back on every other part of life before transferring one dime away from retirement savings. But I don't need to save a million dollars so that I can live in the DC metro area in my old age and travel the world. Hopefully I'll have flexibility to move to a cheaper area and just live a comfortable frugal life. I'm looking at it as a short-term diversion, hopefully it'll be the same for you as well. [/quote]
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