401k-Roth IRA- company doesn't have matching.....????

[ReganR6]

Roth has a 6k max. 401k is 19k. With no company match max Roth first and then whatever until max into 401k.

How much money y'all making to be paying that much in? lol

 

[palmettomoon]

i've always thought the same. i always heard from folks. "max out your contribution for your 401k". if i did that i would have a very nice retirement portfolio while living in a card board box

One reason I've been living in the Macongo region was so I could max out my contributions in the company's 401k. They matched 100% for the first 5% if memory serves. Maxing it has made me 50% less stressed about saving for retirement. Macon is a horrible city but its cheap cost of living has allowed me to save a lot of money.

 

[jpm2953]

I need to find a better paying job. Someone hire me!
Doing what you love never pays!

 

[CBH13]

One reason I've been living in the Macongo region was so I could max out my contributions in the company's 401k. They matched 100% for the first 5% if memory serves. Maxing it has made me 50% less stressed about saving for retirement. Macon is a horrible city but its cheap cost of living has allowed me to save a lot of money.

i max out what my company will match (also 100% but only to 4%) so thats done easily with the general rule of 10% of salary.

 

[GeauxLSU]

The one fiscal thing I hope to instill in my son is, save a material percentage of your income and don't waver, ever. Unless you go up. You can't miss what you never had.
OP, max out that Roth then do what you can from there. Put every raise/bonus in it until you get to a double digit percentage that builds a projected fund large enough to fund how ever many post retirement years you believe you'll be vertical. Once you have that number go check what extended geriatric care costs and start saving more.

 

[jpm2953]

The one fiscal thing I hope to instill in my son is, save a material percentage of your income and don't waver, ever. Unless you go up. You can't miss what you never had.
OP, max out that Roth then do what you can from there. Put every raise/bonus in it until you get to a double digit percentage that builds a projected fund large enough to fund how ever many post retirement years you believe you'll be vertical. Once you have that number go check what extended geriatric care costs and start saving more.

What’s a raise and bonus?

 

[GeauxLSU]

What’s a raise and bonus?

"Once upon a time...."
If you're not getting an annual raise in this economy, find a new gig.

 

[diacnik]

Max the Roth first

 

[palmettomoon]

Living in Macongo allowed me to put 18% of my pre-tax salary into the 410k. It's easy to live within your means if you restrict the "means." I think I made the right decision for me.

 

[DADI03]

If you can afford it put in as much as they will match. That's free money.