| Money Talk |
| Return to Board • Menu • Bottom | Page 1 |
| Message |
| retirement investment Posted by SST quick question: roughly what percentage of your income goes to some sort of retirement account?  on 5/2 at 4:01 pmSIAP like this. thanks  Reply • Back to Top |
| We're up to close to 25% right now, I think, Of pre tax income This post was edited on 5/2 at 4:39 pm Reply • Back to Top |
| ~13% ETA: That's maxing out ROTH IRA and putting the max in to get the company match. My total savings rate is in the 30-35% of net income range, as I am saving to buy a house. This post was edited on 5/3 at 4:28 pm Reply • Back to Top |
| 15% Reply • Back to Top |
| 0%.....I am working til I die anyways so why worry about retirement? I am using it all on hookers, blow, and dinars  Reply • Back to Top |
| Currently right under 15%, I'd like to be at 20-25% though. Reply • Back to Top |
| Once I finished with the kids school, I was up to 25%. Reply • Back to Top |
| Currently only 6% but I am saving up lots of money to buy a house. Reply • Back to Top |
| Was saving around 22% before I got married. Now I'm down to around 15%. Reply • Back to Top |
| 16% pretax Reply • Back to Top |
| A little more than 25% not counting 401k match with most coming from my wife’s salary. Having the children complete college and moving those former costs to savings helped out tremendously. Reply • Back to Top |
| I'm shooting for 13% of pretax income because that maxes out the two tax sheltered options I have right now until I qualify for the 401k. Reply • Back to Top |
quote:Highly individualized question. i.e., in the scenario of an anticipated $10M inheritance, the appropriate answer might well be zero. OTOH, in the anticipated circumstance of a disabled child/spouse (i.e., Huntington's Chorea), that amount might be huge. Here's a suggestion: (1) Make some personal assumptions (i. e., How much do I need for retirement . . . . and perhaps, how much do I "want" for retirement) (2) Look at the amount in #1 two ways (a) as an income bearing account at 3-5% on retirement, or (b) as an account that will generate some amount of interest (your choice of amount) +decay over time and zero-out at your anticipated age of death (again highly individualized) Most folks use #2(b) Determine what you need to put back annually (on average and as an average of your anticipated income as you're promoted over the years) to attain your goal assuming reasonable growth rates of savings along the way. Reply • Back to Top • Refresh |
| Return to Board | ||
  Page 1 of 1   | ||
on 5/2 at 4:38 pm to 
on 5/2 at 4:47 pm to 
on 5/2 at 5:05 pm to 
on 5/3 at 10:14 am to