- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Maxing Out Retirement Savings
Posted on 12/23/21 at 9:15 am to reds on reds on reds
Posted on 12/23/21 at 9:15 am to reds on reds on reds
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.
1
Posted on 12/23/21 at 9:20 am to meansonny
quote:
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.
He said he's maxing 401k, 2 roths, and putting $250 in each kids account. There's no way hes only making $100k. That's just over $8k/month before any taxes, mortgage, electricity, groceries, etc, etc and he's saving over $3k/month if my math is correct.
If he's saving ~40% of his GROSS income with 2 kids on $100k then good on em, but u find the math almost impossible to reconcile.
This post was edited on 12/23/21 at 9:23 am
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News