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1
Posted on 12/19/14 at 3:49 pm to hondurantiger
12% with a 7% match. So 19%
Posted on 12/19/14 at 3:49 pm to Lsuty755
Before you start putting into retirement, you need to have at least three-months-worth of bills set aside for an emergency. Once you have that, then put 15% of your take home into a retirement account (I would say max out a Roth IRA or Roth 401(k) before adding to a traditional 401(k) or IRA). Mutual funds are the way to go, since you get diversification immediately.
Posted on 12/19/14 at 3:49 pm to Lsuty755
When I was young, I started off with the amount that the company would match and added whatever I could each time I got a raise....if you increase when you get raises, you never miss the money....eventually, you find yourself dropping the government max into your 401K and deferring one hell of a lot of taxes each year.....
Posted on 12/19/14 at 3:50 pm to Lsuty755
I started putting 15% once I got married. Each year I add a %. Company matches up to 8%. So I'll be at 20% next year after my raise. Well over the $17500 for pre tax but the rest goes into a post tax account. The younger you start putting away 10-15% the easier it'll be.
I went to a retirement class and the % of people over 40 who have less than $1000 saved for retirement is sickening.
I went to a retirement class and the % of people over 40 who have less than $1000 saved for retirement is sickening.
Posted on 12/19/14 at 3:51 pm to Spirit of Dunson
quote:
My company puts in 5%, and matches an additional 5%. I put in 10%. So I guess 20% total.
That's a nice plan. I think mine only comes out to 9% if we're talking strictly matching policy with my contribution counting.
I also max the IRA for both myself and SO which is a biggie as well.
This post was edited on 12/19/14 at 3:52 pm
Posted on 12/19/14 at 3:51 pm to Lsuty755
10% but that's all the government will let me defer taxes on
Posted on 12/19/14 at 3:52 pm to Teddy Ruxpin
Aren't there salary limits to an IRA?
Posted on 12/19/14 at 3:52 pm to TigerPox
quote:
My firm makes my contributions 100%. It's a percentage of my salary and how well the firm did in a given year or something. I just know I have a nice little chunk in there after being here for 6 years.
Nice. Where do you work?
Posted on 12/19/14 at 3:53 pm to Lsuty755
14% and company puts in 3% for a total of 17%
Posted on 12/19/14 at 3:53 pm to go ta hell ole miss
Like I would post that here. 
Posted on 12/19/14 at 3:54 pm to Lsuty755
My retirement is taken care of already so I don't really save a certain %.
Posted on 12/19/14 at 3:56 pm to Spirit of Dunson
quote:
Aren't there salary limits to an IRA?
For the ROTH, but most of the population probably isn't hitting it.
My income phase out may start happening in 2015 though, and it looks like it will be a headache from what I'm reading until we fully pass it..
This post was edited on 12/19/14 at 3:58 pm
Posted on 12/19/14 at 3:58 pm to Teddy Ruxpin
quote:its $191k for married filing jointly but this is the OT so I assume everyone is way beyond that.
For the ROTH, but most of the population probably isn't hitting it.
This post was edited on 12/19/14 at 4:00 pm
Posted on 12/19/14 at 3:59 pm to Lsuty755
My company gives me 9%, and I put an additional 16% for a total of 25% per check.
The generous 401K match is the only reason I stay with that shitty fricking company.
The generous 401K match is the only reason I stay with that shitty fricking company.
Posted on 12/19/14 at 4:00 pm to Spirit of Dunson
quote:
its $191k for married filing jointly but this is the OT so I assume everyone is way beyond that.
SO CLOSE!
Posted on 12/19/14 at 4:00 pm to Lsuty755
I max out my roth IRA every year. So, that much.
Posted on 12/19/14 at 4:01 pm to Lsuty755
You should set aside as much as you possibly can, and then cut back on some expenses and save some more.
Posted on 12/19/14 at 4:01 pm to ZZTIGERS
I get good company matches, but it is to a post tax plan. I can't participate in a pre-tax plan since all earnings are foreign.
That doesn't keep the gubmint from applying taxes though!
That doesn't keep the gubmint from applying taxes though!
Posted on 12/19/14 at 4:02 pm to Lsuty755
$20 if i'm lucky
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