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re: Maxing Out Retirement Savings

Posted on 12/23/21 at 9:10 am to
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4214 posts
Posted on 12/23/21 at 9:10 am to
quote:

I max out my 401k: 4% traditional


You make $500k at 29? What do you do?
Posted by meansonny
ATL
Member since Sep 2012
25973 posts
Posted on 12/23/21 at 9:15 am to
quote:

quote:
I max out my 401k: 4% traditional


You make $500k at 29? What do you do?

His 401k is 4% traditional and 16% roth off his gross pay. Assuming that he doesnt put in more than the max, he makes about $97500.
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