<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > 401K Decisions and other Tidbits
 

401K Decisions and other Tidbits

November 21st, 2014 at 02:40 pm

I've decided not to make any changes to my 401k contribution percentage next year. The deciding factor is my marginal tax rate. The tax savings make it worthwhile to continue to contribute the maximum my plan allows even though my investment options could be better.

I'm still able to max my IRA contributions. (If I weren't I'd put less in the 401k and prioritize the IRAs.)

I'm also not making any changes to my 401k investment choices. I'm glad that the decisions have been made and I can stop thinking about them.

I went ahead and rebalanced my account; it was unbalanced by only 1% (had already rebalanced once earlier in the year) but since I was already poking around in it and it's as easy as a couple computer clicks, I just went ahead.

In other financial news, I finally found a bank bonus deal worth pursuing (they have been few and far between this year). Found it on the ever-reliable DepositAccounts.com web site.

And we're all set for our final weekend getaway of the year! I've already "warned" DH that I plan to treat myself to a bottle of beer when we go out for dinner ... A treat I have been looking forward to as I plowed through my most recent work assignment. Smile Even with that splurge, I'm pretty sure we will come in under our vacation budget for the year.

I really need to change my sub-category and stop calling it "Intelligent"(???) Investing because there's no reason to apologize for our conservative investing style. It works for us, we are ahead of schedule with our retirement savings, the funds are there to finance DH's dream if he decides to pursue it, and perhaps most important we don't shift course depending on the way the financial winds are blowing. We have a strategy that allows us to "stay on target ... stay on target" (that's for my fellow Star Wars fans).

P.S. - I think I forgot to mention that awhile back DH gave me the go-ahead to purchase an additional bit of Series EE Savings Bonds. A friend approached us about doing a private mortgage for a home he was purchasing; while we decided not to do the mortgage in the course of the conversation I asked DH why he would consider a 30-year mortgage but say that holding a bond for 20 years was "too long." Also, I think that he is feeling much more optimistic about his life expectancy since he had the minor medical procedure. Silly guy.

3 Responses to “401K Decisions and other Tidbits”

  1. creditcardfree Says:

    Care to share which bank deal you are doing?

  2. scfr Says:

    ccf - It was the HSBC deal. I think the last day to apply for the account was yesterday.

  3. FrugalTexan75 Says:

    I hope that you have a wonderful getaway weekend!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 9.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]