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slash smartvester. Today's question comes from Glenn in New York. Should I change my investing strategy?

I'm 50 years old and debt-free with an emergency fund.

I currently put 10% in a Roth IRA and another 5% in my 401k from work.

Should I contribute more to my 401k to max it out or get with a financial advisor and start investing in individual mutual funds?

Currently, I have around 600 grand in my 401k, and the Roth has about 20K.

All right, so we're debt free, we're 50, that's good, we're investing 15%.

So the question is, does he have a mortgage and is the house paid off?

If so, I would continue to invest more and max out those accounts before working with the individual mutual funds outside of retirement.

Yeah, if you're in Baby Step 7, meaning and your house is paid off, before working with the individual mutual funds outside of retirement.

Yeah, if you're in Baby Step 7, meaning and your house is paid off, we don't use the 15% rule. We say max out all available retirement accounts. Everything you can put in a 401k,

everything you can put in the Roth. If your company has a Roth 401k instead of a traditional 401k,

I would shift to that too. That would be my plan. But I'm with you, George. If your home is not

paid off, then you need to be working and pay off your home and leave this at 15%. You're fine. You're

in good shape, dude. I mean, when you are 57, you're going to have a

million two if you don't add anything to it. When you are 64, you're going to have 2.4 if you

don't add anything to it. So that, you know, if you're invested in good mutual funds,

it sounds like you are. It sounds like you're doing the right things here all the way around. But no, I don't think you need to move to individual mutual funds. The only reason

you would move some to that is if you were going to quit work before 59 and a half. I don't see that

happening here. I didn't hear anything in this email that made me think that was going to occur.

If that's the case, you would need to do

what we call bridge investing, which is have some money that's not in a retirement account that

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