Need finance help

[slakjaw]

My company stopped matching on our 401k plans. My first step was to change my contribution from 5% to 7% but I am curious, would it better for me to put that 7% into a ROTH or traditional IRA? I am already putting 3% into a ROTH and 5% into the stock purchase plan. I know there are some pelicanties here who know a lot more about this kind of stuff than I do and I appreciate your advise.

[VincentVega]

Lot's of variables, how old are you? How much longer to you want to work.

Here's a roth vs. traditional calculator, http://www.youngmoney.com/calculators/retirement_planning/roth_vs_ira

Do you flip the ESPP or are you keeping it? I would think twice about having too much invested in your employer, no matter who it is. If you flip it and make the usual 15% it's usually a good deal.

[slakjaw]

I am 29 and plan on working for a long time. so far I have kept company stock but I have 1000 shares already and I am thinking its time to stop putting into the ESPP

thanks for the link!

[s_wilwerding]

I'd say if the company isn't matching, put the money in a Roth, up to the maximum. If you have some left after that, contribute it to the 401(k).

[masraum]

Originally Posted by slakjaw

I am 29 and plan on working for a long time. so far I have kept company stock but I have 1000 shares already and I am thinking its time to stop putting into the ESPP

thanks for the link!

Hmm, unless you think your company is going to tank, I would think that this is a good time to keep buying. But I'm certainly no financial expert, so maybe I'm wrong.