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Started By
Message
re: Proposed 401k limit -- $2400 per year
Posted on 10/21/17 at 10:13 am to GREENHEAD22
Posted on 10/21/17 at 10:13 am to GREENHEAD22
quote:
$2,400 is about a little less than 2% for me and right now I put in 6% which my company matches,
If you're single your income should be more than enough to max 401k and ROTH.
1
Posted on 10/21/17 at 10:22 am to Teddy Ruxpin
You are making assumptions that the person does not require liquidity in the near term. Young, single people have student debt, are going back to school and need to pay tuition, are saving for a home purchase, and building an emergency fund, etc.
Anecdotally, I could easily fully fund a 401k but choose liquidity over it. I’ll always put at least the amount my company matches but excess is not the right decision for me at this moment in time.
Anecdotally, I could easily fully fund a 401k but choose liquidity over it. I’ll always put at least the amount my company matches but excess is not the right decision for me at this moment in time.
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