What is the best advice for planning my retirement?

I'm in my early 30's and have already started a 401k plan with my company. I'm currently investing 5% and my company matches an additional 5%. I'm looking at other ideas to invest some money but don't know where to start. Any info or advice would be greatly appreciated.What is the best advice for planning my retirement?
You should be saving 15% for retirement in total.





Roth IRAs are great, as the money compounds tax free. When you retire your not charged any taxes, when you withdraw the cash.





The 401k is good if you have it working with deferred taxes. When you retire you pay the taxes, as you withdraw the cash.





If i was in your shoes, I'd do the minimum to get the full employer match and concentrate on the getting the Roth up to speed. After the Roth was fully funded, I'd go back to my 401 and increase to the full 15%.





Stay away from insurance company programs, that try to do an investment vehicle wrapped with insurance. If you look at the fee's they impose, it's a wonder that anyone makes any money (other than the salesman) from those programs.





The ultimate advice I can give is to make an appointment with a FEE ONLY financial advisor. These guys dont get any kickbacks or commisions from setting you up on a good program.





These guys have your best interest at heart as their not pressured to sell you anything. They get paid the same weither you get on a program or not.What is the best advice for planning my retirement?
So far you are doing the right thing.





The basic advice is start early, take maximum advantage of the amount you are able to contribute tax free, and since you are fairly young you have the opportunity to skew your investment choices towards higher growth selections because you have plenty of time to offset/react to the downturns that are more likely to occur with growth oriented choices.
Talk to a Broker/Dealer. They will suggest the best plan for you personally. This will mean putting money away each month but with the stock market the way it is you are bound to make more money than you put in.
The best advice I was ever given on this was that every time I got a raise, split it. Half goes immediately into my IRA or my 401(k) or another savings account, the other half I get to keep. This worked like a charm for me!
D, your next best bet is to contribute money into a Roth IRA, provided you can do it based on your income levels and how much you're contributing in dollars to your 401(k) (sometimes that can reduce or eliminate the amoutn you can put into a Roth). The Roth can be opened at almost any mutual fund company, bank, brokerage, or with a financial planner. Although you don't get a tax deduction for contributing to the Roth, it's actually better in the long run because (a) it grows tax free, (b) after age 59 1/2 and after having the Roth at least 5 years, you can take it out without paying a penny in tax and (c) if you never need the money, it grows tax free and you can leave it to your spouse or kids for THEM to have tax free! No Uncle Sam! SWEET!





Check it out
Put some more money in that 401k. You can write it all off on your current taxes. Or you can also add a Roth 401k, that will grow tax free but not currently tax deductible. At your age, a Roth make sense.