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re: How much money do you put in savings every paycheck?

Posted on 12/3/12 at 4:49 pm to
Posted by Swifty
Member since May 2012
950 posts
Posted on 12/3/12 at 4:49 pm to
quote:

I max my 401k and try to save 15-20%. I'm ineligible for a Roth. I invest a lot in O&G - E&P, too.


Just curious. When people say that they are maxing their 401K, are they putting in enough to get their match or are they contributing $17,500 (2013) per year?
Posted by RickAstley
Reno, Nevada
Member since May 2011
2012 posts
Posted on 12/3/12 at 5:00 pm to
I would assume maximum 401k contribution unless they say they maximize their company match. I maximize my company's match
Posted by cwill
Member since Jan 2005
54754 posts
Posted on 12/3/12 at 5:58 pm to
Enough to get their match and have the overall max of $17,500 put in per year.

Input + Match = 17500
This post was edited on 12/3/12 at 5:59 pm
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