Question for those who save X% every month...

[GTaudiophile]

Say you save 15% per month for some reason.

Do you take 15% off of your pre-tax OR after-tax income?

 

[IronWing]

Pre-tax. Doing the math both ways can give an ego boost though.

 

[Exterous]

Pre-tax FTW!

 

[FreshPrince]

if you do 401K, then pre-tax

damn, that reminds me...I need to start saving 15% if I want to retire with self-renewing income.

 

[GTaudiophile]

I have been doing pre-tax. Just curious what others do.

 

[GTaudiophile]

Originally posted by: FreshPrince
if you do 401K, then pre-tax

damn, that reminds me...I need to start saving 15% if I want to retire with self-renewing income.

No, my employer sadly doesn't offer a 401K. Everything I do I have to do myself.

 

[skyking]

do you have a roth ira? get one of those going in addition to pre-tax savings.

 

[GTaudiophile]

Originally posted by: skyking
do you have a roth ira? get one of those going in addition to pre-tax savings.

You see, I take 15% off of my paycheck every month, put it into a seperate savings account, and then full fund a RothIRA when I have saved enough.

 

[edro]

I do a percentage pre-tax for 401k, and also a fixed amount direct deposited into a savings account (post tax).