- 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: How much money should you have in the bank by age 30.
Posted on 9/22/17 at 1:50 am to The Mick
Posted on 9/22/17 at 1:50 am to The Mick
quote:
If you're not maxing it out when you're young and can afford to that's just plain dumb. The company match is the best investment you'll ever see your entire life. Once the house,kids,life, etc starts piling up, most people cant afford to stash 15% of their income away in 401k so doing so early on makes a huge difference.
I am 24, I'm putting in 10% right now, but I get a 2% pay raise yearly and I put that extra 2% in every year. So I will be at 16% in 3 years.
3
Posted on 9/22/17 at 8:05 am to UGADawg912
Make sure you have an emergency account of available cash as well. 401k is great but there are penalties to withdraw and the marginal tax benefit goes down as you offset / lower your AGI.
Posted on 9/22/17 at 8:07 am to UGADawg912
quote:
I am 24, I'm putting in 10% right now, but I get a 2% pay raise yearly and I put that extra 2% in every year.
You say that, but you won't.
Posted on 9/22/17 at 8:27 am to UGADawg912
quote:Smart
I am 24, I'm putting in 10% right now, but I get a 2% pay raise yearly and I put that extra 2% in every year. So I will be at 16% in 3 years.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News