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Message
re: How much do you save per month?
Posted on 3/6/17 at 10:58 am to Happy_wife85
Posted on 3/6/17 at 10:58 am to Happy_wife85
Long response
Posted on 3/6/17 at 11:05 am to rpg37
quote:
I just started maxing out my Roth beginning this year. So, I put $458 into my Roth, $300 into my T-IRA
That's a bold strategy.
Posted on 3/6/17 at 11:06 am to cubsfan5150
quote:
-1000
lol i'm with this guy
Posted on 3/6/17 at 11:06 am to BabyTac
Savings is for suckers. Can't take that shite with you.
Plus my lifestyle with hookers and blow is expensive.
Plus my lifestyle with hookers and blow is expensive.
Posted on 3/6/17 at 11:07 am to Jj283
quote:
10% with 25% match into my 401k. Company will match up to 15% but can't swing it right now.
6% with no match for Wife's 401k (used to be a 50% match)
Might want to shift those contributions to your 401k in that case.
Posted on 3/6/17 at 11:20 am to slackster
So what happens if you're dumping a bunch into 401K then get to 50s and ready to retire. Are you f'ed until mid-late 60s?
Asking...I've never been keen on the tricks of the trade.
Asking...I've never been keen on the tricks of the trade.
Posted on 3/6/17 at 11:54 am to BabyTac
There are ways to plan for that. If you're retiring in your 50s, hopefully you've got a well thought out plan for income. You need over $1M to generate $60k per year for 35 years, assuming 3% inflation and 7% fixed returns. Obviously those returns aren't fixed, and $60k may not be anywhere near what you actually need, but you get the idea.
You don't just luck into retirement at 55.
You don't just luck into retirement at 55.
Posted on 3/6/17 at 12:07 pm to BabyTac
Hmm.. make 45k and prob save about 1.2k a month buying whatever I want.. I could probably get that to 1.5k by being frugal
This post was edited on 3/6/17 at 12:10 pm
Posted on 3/6/17 at 12:09 pm to BabyTac
5% into 401k with 5% company match
old job 401k moved over to Roth IRA gaining 4-6% every quarter since i moved it.
saving 50% of what i don't spend in a two week period of living expenses, but have $1000 in savings account at all times (as per Dave Ramsey)
old job 401k moved over to Roth IRA gaining 4-6% every quarter since i moved it.
saving 50% of what i don't spend in a two week period of living expenses, but have $1000 in savings account at all times (as per Dave Ramsey)
Posted on 3/6/17 at 12:18 pm to BabyTac
Not sure if you are trying to brag or not ,but whatever works best for you I guess. Whatever you can put away do it. Not sure what your exact financial situation is.
This post was edited on 3/6/17 at 12:22 pm
Posted on 3/6/17 at 12:21 pm to BabyTac
$0..
Why would I tell people my financial situation on a message board? So people can come rob me?
Why would I tell people my financial situation on a message board? So people can come rob me?
Posted on 3/6/17 at 12:26 pm to BabyTac
15% with a 5% company match in 401k
5% from my company in a pension
Maxing out Roth IRA
And saving whatever is left after expenses
I was around 35% last year. Will be less this year due to house projects but hopefully can keep my rules and get to 30%
5% from my company in a pension
Maxing out Roth IRA
And saving whatever is left after expenses
I was around 35% last year. Will be less this year due to house projects but hopefully can keep my rules and get to 30%
Posted on 3/6/17 at 12:28 pm to bmy
quote:
Hmm.. make 45k and prob save about 1.2k
Doesn't compute unless you live with your mom.
$45K / 26 (bi weekly payments) $1,730 * .76 (taxes, insurance, FICA etc etc) = $1,315 take home.
So you take home $2,600 a month and save $1,200
Unless you can live on $1,400 a month or $350 a week
Posted on 3/6/17 at 1:11 pm to BabyTac
Not sure for monthly, but I save around 35% of gross yearly salary to max out 401k, IRA, and HSA.
Posted on 3/6/17 at 1:29 pm to slackster
quote:
I just started maxing out my Roth beginning this year. So, I put $458 into my Roth, $300 into my T-IRA
That's a bold strategy.
Why is that?
Posted on 3/6/17 at 1:49 pm to BabyTac
We are in the last months of paying off our car. It's our only debt outside of the house.
Before buying the car in may of last year we were saving 31% of pretax income. Sine then we've been socking away only 16%.
Before buying the car in may of last year we were saving 31% of pretax income. Sine then we've been socking away only 16%.
Posted on 3/6/17 at 1:58 pm to BabyTac
I max out my 401k every year and then save 28% of after-tax dollars
Posted on 3/6/17 at 2:47 pm to slackster
quote:
Might want to shift those contributions to your 401k in that case.
Damn. Good call. Why didn't I think of that.
Thanks.
Posted on 3/6/17 at 3:06 pm to BabyTac
I save 50% of my monthly pension. I use the other 50% to pay for food, utilities, gas, etc. I don't have a mortgage or car payment.
My wife saves none of her monthly paycheck. She spends 100% of it on stupid shite. This is why women are so vital in a retail based economy.
My wife saves none of her monthly paycheck. She spends 100% of it on stupid shite. This is why women are so vital in a retail based economy.
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