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How much money do you put towards retirement from each paycheck?
Posted on 12/19/14 at 3:38 pm
Posted on 12/19/14 at 3:38 pm
And what percent should I place each time. Just starting my career in my early 20's and don't have a whole lot of bills to pay as of right now. Thanks for the USEFULL advice in advance.
29
Posted on 12/19/14 at 3:39 pm to Lsuty755
<-----------Money Board
Posted on 12/19/14 at 3:39 pm to Lsuty755
money talk board
Posted on 12/19/14 at 3:39 pm to Lsuty755
Spend every penny.
YOLO!
YOLO!
Posted on 12/19/14 at 3:39 pm to Lsuty755
literally as much as you can afford.
write all your bills out, leave a bit for extra/emergency cash and the rest to retirement.
biggest mistake i ever made was waiting till my early 30's to get serious about this.
write all your bills out, leave a bit for extra/emergency cash and the rest to retirement.
biggest mistake i ever made was waiting till my early 30's to get serious about this.
Posted on 12/19/14 at 3:40 pm to Lsuty755
I max out my TSP 401K. Every two weeks, I put in $674 and the G matches 5% of that.
I also put aside $200 a PP for my Scottrade account.
I also put aside $200 a PP for my Scottrade account.
Posted on 12/19/14 at 3:40 pm to MapGuy
$729.16
Posted on 12/19/14 at 3:41 pm to Lsuty755
quote:
USEFULL
wow
Posted on 12/19/14 at 3:41 pm to Lsuty755
At least 15% of your money, and all matches you can get from your employer. When you get a family it won't be as easy - you'll be glad you did.
Posted on 12/19/14 at 3:41 pm to MapGuy
quote:
literally as much as you can afford. write all your bills out, leave a bit for extra/emergency cash and the rest to retirement. biggest mistake i ever made was waiting till my early 30's to get serious about this.
Good advice. 401k accounts build over time and exponentially. The $1,000 you put into it now in your early 20s will be worth $50,000 in 40 years.
This post was edited on 12/19/14 at 3:43 pm
Posted on 12/19/14 at 3:43 pm to ClientNumber9
Roughly 10% right now. But I'm poor
Posted on 12/19/14 at 3:43 pm to Lsuty755
Zero
I'll develop cancer and die before I am able to retire
I'll develop cancer and die before I am able to retire
Posted on 12/19/14 at 3:43 pm to Lsuty755
7% and the firm matches 3%. I should probably bump that to 12 and 3.
This post was edited on 12/19/14 at 3:44 pm
Posted on 12/19/14 at 3:44 pm to Lsuty755
$674, increasing in 2015 to $692.
Posted on 12/19/14 at 3:44 pm to guttata
quote:
$729.16
$730.16
Posted on 12/19/14 at 3:45 pm to boosiebadazz
you should max out if possible your 401K...I think know its $17500/year
Some employers match up to a certain %. If yours does that..you should at least match up to that.
Some employers match up to a certain %. If yours does that..you should at least match up to that.
Posted on 12/19/14 at 3:46 pm to Lsuty755
Employer puts 9-16% of my gross every year in Pension
I do 12% 401k + whatever shares of stock company offers
I do 12% 401k + whatever shares of stock company offers
Posted on 12/19/14 at 3:47 pm to Lsuty755
My firm makes my contributions. 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.
This post was edited on 12/19/14 at 3:49 pm
Posted on 12/19/14 at 3:47 pm to Lsuty755
I'm in the same boat. I literally put as much as I can into my 401K like other posters have said. I get freaked out about not having enough money to retire on... Living simply now, going to enjoy it when the time comes.
Posted on 12/19/14 at 3:48 pm to Lsuty755
6% of my paycheck with a company match of 8% so 14% total
$450/mo into my Roth
All leftover funds go into my Fidelity account to look at long term dividends stocks that I can retire and collect dividend income with 40 years from now
$450/mo into my Roth
All leftover funds go into my Fidelity account to look at long term dividends stocks that I can retire and collect dividend income with 40 years from now
This post was edited on 12/19/14 at 3:49 pm
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