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retirement investment
Posted on 5/2/12 at 4:01 pm
Posted on 5/2/12 at 4:01 pm
quick question: roughly what percentage of your income goes to some sort of retirement account?
SIAP like this.
thanks

SIAP like this.
thanks
Posted on 5/2/12 at 4:38 pm to SST
We're up to close to 25% right now, I think,
Of pre tax income
Of pre tax income
This post was edited on 5/2/12 at 4:39 pm
Posted on 5/2/12 at 4:47 pm to SST
~13%
ETA: That's maxing out ROTH IRA and putting the max in to get the company match.
My total savings rate is in the 30-35% of net income range, as I am saving to buy a house.
ETA: That's maxing out ROTH IRA and putting the max in to get the company match.
My total savings rate is in the 30-35% of net income range, as I am saving to buy a house.
This post was edited on 5/3/12 at 4:28 pm
Posted on 5/2/12 at 5:05 pm to SST
0%.....I am working til I die anyways so why worry about retirement?
I am using it all on hookers, blow, and dinars

I am using it all on hookers, blow, and dinars
Posted on 5/2/12 at 5:19 pm to SST
Currently right under 15%, I'd like to be at 20-25% though.
Posted on 5/2/12 at 6:18 pm to TigerDeBaiter
Once I finished with the kids school, I was up to 25%.
Posted on 5/2/12 at 7:49 pm to fishfighter
Currently only 6% but I am saving up lots of money to buy a house.
Posted on 5/3/12 at 9:07 am to SST
Was saving around 22% before I got married. Now I'm down to around 15%.
Posted on 5/3/12 at 3:04 pm to SST
A little more than 25% not counting 401k match with most coming from my wife’s salary. Having the children complete college and moving those former costs to savings helped out tremendously.
Posted on 5/3/12 at 3:54 pm to SST
I'm shooting for 13% of pretax income because that maxes out the two tax sheltered options I have right now until I qualify for the 401k.
Posted on 5/3/12 at 5:18 pm to SST
quote:Highly individualized question. i.e., in the scenario of an anticipated $10M inheritance, the appropriate answer might well be zero. OTOH, in the anticipated circumstance of a disabled child/spouse (i.e., Huntington's Chorea), that amount might be huge.
quick question: roughly what percentage of your income goes to some sort of retirement account?
Here's a suggestion:
(1) Make some personal assumptions (i. e., How much do I need for retirement . . . . and perhaps, how much do I "want" for retirement)
(2) Look at the amount in #1 two ways (a) as an income bearing account at 3-5% on retirement, or (b) as an account that will generate some amount of interest (your choice of amount) +decay over time and zero-out at your anticipated age of death (again highly individualized)
Most folks use #2(b)
Determine what you need to put back annually (on average and as an average of your anticipated income as you're promoted over the years) to attain your goal assuming reasonable growth rates of savings along the way.
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