Investment question: Does employer contribution count twords savings/income ratio?

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Elite Member
Super Moderator
Oct 28, 1999
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Most "investment experts" say that you need to be saving back at least 15% of your monthly income for long term retirement. My question is, do employer contributions count in this 15%?

Example: Say I have a 401k deduction taken out each month for 10% of my gross earnings, and my employer matches me 5%, am I saving back 15%?

I ask this because I have a 4% match on my 10%, and my fiance has a 10% match on her 5%, are we effectively saving back 29%, or only 15%?
 

PsychoAndy

Lifer
Dec 31, 2000
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Hey, the $ is yours regardless of its source.

I would count it towards total savings since its going towards a retirement fund (401k or Roth)

-PAB
 

Stallion

Diamond Member
May 4, 2000
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So if I'm doing both my 401K and saving at my credit union I'm way ahead of the game huh? Maybe I should spend all my money in my savings account then. ;)