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Anyone do macro counting? How do you like it?
Chief
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True or false?
Good bar spots around 345 park (KPMG) lol
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How do i see my utilization?
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I do 7% but not sure what you will get from that. Max match is 50% on up to 6%.
Chief
I do 12% and I'm usually at the irs limit by august/September. Overall savings rate 40%. Match is 3%
Do yourself a favor and max out now. I didn't 19 years ago when I started, and I regret it. Now my hubby and I save 50%, I'm still on track to retire at 58-60, but if it would have been better when I was younger, it would be 50-55. The more you save now, the better!
15% on pre-tax to hit the 401k max, then an additional 5-6% after-tax since our 401k plan allows for mega back door Roth conversions.
Planning to increase that after tax % every chance I get to hit the after tax max.
I also max the HSA and as well as my own Roth IRA contributions. I want to FIRE
There can be some balance. I have 4 children and still save a lot.
Max out young. Do not ignore that statement. Compounding is your best friend here in a world without pensions and shaky social security. The math DOES work...but you can't wait until you are 30 to start thinking about it. Whatever portion of your paycheck you do not put towards your 401k, will only be hitting your bank account at about 65%, so for every $100 you don't defer, you'll only likely see $65. So while not insignificant, that extra $65 means far less to you now than the hundreds of thousands of dollars it will mean 30 years from now.
And pay attention to your 401k! I know we all like to dabble in day trading here or there or on crypto, but spend the time to evaluate your investment performance in your 401k regularly. That alone can provide you with tens of thousands or even hundreds of thousands of dollars over your career.
Time in the market beats timing the market
Rising Star
I max out every year
This might be my first year to max it if I get a decent bonus. Currently at 15%. When I initially started working, I contributed around 10%, over the years bumped it to 15%.
Doing 10% right now. My employer matches 6%. I figure future me will thank current me for being a little extra.
40% post-tax to irs max. Company match is a paltry 25% of the first 6%.
Curious, why not max pre-tax then push the delta to post-tax?
My current employer doesn't have a retirement plan or match (small firm) so I keep contributing to my Roth IRA separately. When I do have an employer match I make sure to max out what it takes to get their full match. I save separately on my own with some other investments for the rest.
My employer puts in 6% with no match. I only contribute to my hsa and Roth IRA to bring total retirement saving to just over 15%. Hoping to get that number to 25% in the next couple years and keep clawing upwards after that
Maxed out for years and it's going to pay off
I max it out so I have to recalculate every time I get a raise to ensure I'm getting all of the employer match (3%)
I max out every year as well but out max is 6% so I am just meeting what they are matching.
Mine is at 11% with 4% company match. I want to up it, but bills and kids are keeping it where it is for the moment. I also contribute to my own Roth IRA