- 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
Maxing Out 401K, Setting 100% of Paycheck to go to 401K
Posted on 5/17/18 at 8:52 pm
Posted on 5/17/18 at 8:52 pm
Is it a good idea to try and hit $18,500 on the 401K in Q1? Buy the 401K investments early in the year?
10
Posted on 5/17/18 at 9:04 pm to crazycubes
Is this a legit question, troll, or humble brag?
Posted on 5/17/18 at 9:11 pm to crazycubes
If you can afford to do it, yes.
Posted on 5/17/18 at 9:18 pm to AugustaTiger
Thanks!
Not a troll. Yes, I do well. No, I'm not an OT baller.
Not a troll. Yes, I do well. No, I'm not an OT baller.
Posted on 5/17/18 at 9:23 pm to crazycubes
quote:
No, I'm not an OT baller.
Well not with that attitude
Posted on 5/17/18 at 9:33 pm to crazycubes
quote:Meh. Dollar cost average
Buy the 401K investments early in the year?
Posted on 5/17/18 at 9:42 pm to castorinho
The conventional wisdom is to spread it out.
But if you think the market is on sale, go for it.
But if you think the market is on sale, go for it.
Posted on 5/17/18 at 9:42 pm to crazycubes
quote:
Is it a good idea to try and hit $18,500 on the 401K in Q1? Buy the 401K investments early in the year?
Absolutly not for most people, you will be giving up the matching funds for the rest of the year.
Posted on 5/17/18 at 9:50 pm to cave canem
quote:
Absolutly not for most people, you will be giving up the matching funds for the rest of the year.
Wasn’t this discussed a few weeks/months ago and varied by company?
Posted on 5/17/18 at 10:15 pm to Stateguy
Correct, with most companies matching even if you employ the strategy in the OP.
Posted on 5/17/18 at 10:28 pm to Stateguy
quote:
Wasn’t this discussed a few weeks/months ago and varied by company?
I have worked for a few large companies during my carreer and have yet to see one that adds a match if you don't on a monthly basis, I'm sure they are out there but the vast majority of folks will lose in this situation.
Posted on 5/17/18 at 10:30 pm to crazycubes
Assuming an s+p fund, you would have more shares if you bought on April/May 1st than Jan/feb/March 1st, just glancing at the charts.
I would DCA throughout the year.
I would DCA throughout the year.
Posted on 5/17/18 at 10:53 pm to cave canem
Interesting. I think ours just does 4% w/ a $4k cap. I don't think you have to contribute every month.
Posted on 5/17/18 at 11:33 pm to crazycubes
Make sure your employer will true you up on any match they offer. Some only match on a per pay period basis.
Posted on 5/18/18 at 8:13 am to crazycubes
Read this article & confirm your company's policy before you make a decision.
My company continues to match regardless, but apparently several don't.
LINK
My company continues to match regardless, but apparently several don't.
LINK
Posted on 5/18/18 at 8:51 am to LSU
Yeah my company doesn’t match after you hit the cap. Definitely something people need to review.
Posted on 5/18/18 at 9:46 am to crazycubes
I think probably not a good idea, because as mentioned above, (1) in a 1-year time frame I'm not sure it makes sense to try to time the market, particularly if you aren't penalized for spreading it out, and (2) you may miss out on company match if you structure it this way.
Trying to load up in January of this year would certainly have been a mistake.
Trying to load up in January of this year would certainly have been a mistake.
Posted on 5/18/18 at 11:32 am to cave canem
quote:
I have worked for a few large companies during my carreer and have yet to see one that adds a match if you don't on a monthly basis, I'm sure they are out there but the vast majority of folks will lose in this situation.
This is not ironclad. My last employer did the match throughout the year. My wife's employer does the match throughout the year.
Posted on 5/18/18 at 11:49 am to brian_wilson
I think the fact that there is this much debate on the topic means its probably not worth it to fine tune your 401k and you might as well just leave it alone
Posted on 5/18/18 at 12:01 pm to TheIndulger
quote:
I think the fact that there is this much debate on the topic means its probably not worth it to fine tune your 401k and you might as well just leave it alone
I think it varies by person. I personally want to load up the wife's 401k early in the year. She doesn't make enough to support us but its close. With 401k contributions, she is much farther off.
My income has wide fluctuations from $0 down to 20% of what i would earn in a year. Having as much cash coming in from her side helps us to manage our situation.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News