How many of you max out your 401k contributions? Overall, what % of savings go towards savings?

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Max, whatever percentage equals $18,000, been doing it for years. Started at minimum to get company match. Raised my contribution every time I got a raise until I maxed it.

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I’ve managed to max for the last 3 years; coming from a pretty poor background, it feels like a big accomplishment.

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Same as EY1.

I max my 401k, and pull $1k out of my check every period and drop it into a savings account.

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Have maxed out 401k every year since graduating from undergrad

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In the end, if you count my student loans as savings (what the near future state will be), I'll have about a 58% savings rate

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Max + ESPP + 10% of salary into a savings account and/or post tax investment account.

How does that work with profit-sharing? Does PS count against the max?

What’s ESPP?

Minimum to get the measly company match, the rest goes toward student loans. Once those are paid off in the next 6 months I'll be contributing ~10% salary to the 401k and stashing the rest away for a down-payment in a low risk fund

Always max out 401k and other tax free plans as long as you can afford it and have a legitimate need. Save 20% of gross income and put after tax amounts in Roths or other liquid accounts. Hold a small portion in cash for tight months.

At least enough to get the entire match. Stocks will get you 7% on average in long run, mortgage/student loans is ~5%. Plus interest is deductible. I.e., a balance of investing and paying off loans is best

Yes max out the 18% (where company matches) supplement a traditional ira top off (up to $5500 a year) and anything left to save (however big or small) in an annuity. I am working with fidelity and it has been great. When you look at adding up more savings here and there , it really adds up over a 20 year spread. For sure though max out your 401k that is a pre-tax, matched no brainer. I also built 6 months of living expense cushion (ya never know when you might be acquired (and don't like the brand of poo from the acquiring farm) . You want the time and ease to know your full time job is looking for a job (and you can pay yourself a salary while doing that).

Savings yes, but not sold on 401k since money is locked up till you retire, unless you really like/need the tax break. Contribute enough to get entire company match, but otherwise a personal decision depending on your facts and circumstances (i get good tax relief w mortgage deduction and other itemized deductions and prefer to have the cash flow for other post-tax investments that I can withdraw in 10-20 yrs without waiting). Many resources and calculators online to help you, or talk to a financial advisor for additional perspective.

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