Just updated mine to be 12%. I need to find out what % all of the taxes for me are, what gets deducted step by step, and then goal seek to find the perfect amount to withdraw per paycheck.

from what I've been told by everyone if you can take out the max for everything, it only benefits you in the long run

does your employer do a match percentage?

when I worked for capital bluecross they matched up to a certain amount. I was completely fucking amazed that people didnt take them up on this free investment (potentially hundreds of dollars per paycheck)

fast forward 2 years, the stock market crashes and i lost 8k in 2 months so it didn't really fucking matter now did it?

now i do the right thing and shove all my money under my mattress
and by mattress i mean invest it in beer and drink it
and by drink it i mean hoard it in my cellar with no intension of ever drinking it

This post has been edited by xstakemx on Wed - Dec 22 2010 - 20:57:55

This poop has been edited by xstakemx on Wed - Dec 22 2010 - 21:57:55

they match 100% for the first 3% and 50% for the next 2% so essentially 4%



well yea but max=60%=I cannot then pay monthly bills etc

well ofc but def take advantage of the matching %'s, its free $$$$ basically

I would only take out what they match...meaning 5% set your 401k up for aggressive and forget about it

you will be amazed in 5 yrs what your 401 will look like if you max what your co will match....

8 grand is clearly a lot of money

contrib as much as you can afford cause its pre tax income

i put 6% (company matches 6%) until i got promoted and now i put 10%

it has made about $15k in 2 years total, plus i borrowed against it and essentially paid myself back when i needed money last year for my car

i have no clue what any of this shit means

Your right, 8k can only buy a few trucks full of mexicants clearly a whole army.

You missed the fucking point faggot.

unless you got roth but that is nn

I think I can afford this 12% pretty easily and until I understand stocks etc a bit more to invest myself I will let somebody else take care of it for me ya know

you started drinking and being depressive over 8k

you have a kid now, get your act together

I was drinking long before I lost 8k and I'm clearly depressed. That's a risk you take when investing in a volatile market. The joke about shoving money under a dirty mattress and using alcohol as a more stable investment was a joke. Why the fuck am I even explaining this...

adam, don't feed the trolls

401

i got roth

no matter what at least do the max that your employer will match.

if you can afford to do even more, than do it.

it will only help you, who knows if you can afford it in the future.