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10% with 6% match. I increase 1% each year to help balance “life style creep”
6% with company matching 50% up to 6% so I guess 9% of 160k base, 27 years old
I max out
Pro
I’d love to max it out but the reduced cash flow would be unsustainable for me
I max it out, it’s about 20% of my gross pay.
Chief
Been maxing it every year since 2001 regardless of match. In fact I didn't get any match until joining D in 2017.
Pro
I max out as well
Pro
14% with 6% match
27 / a couple hundred below max
Oh 😅 guess I need to step it up
I put in 5%, they match 5%
9%, 6% match
Chief
6% with a 6% match. 7% would put me over the limit, so I stick with enough to get the full match.
I thought you might be - just wanted to make sure! Does Booz Allow mega back door?
I used to do 10% with a 6% match but once I got to SM, I was hitting the annual max with a few months to go in year so reduced to 8% with same match.
I put 8% they match 6%
I’m 29 y/o. I started at 5% and have been increasing 1% every year pay increase. I’m now at 12%, and then 6% match from KPMG. I want to max out in 3-4 years hopefully.
My advice is contribute enough to get match, and then max out the ESPP provided there is a discount. At my last firm, that stock was for 15% discount, every 6 months... so 30% return, provided the stock doesn't tank. Once you have that maxed out, then put the rest of your investments in 401(k). Keep the ESPP stock for 1 year, then sell and flip it into a Roth IRA. That maximizes the free money angle to accelerate investment value.