What % of your salary do you contribute to a 401k?

[Juked07]

8, 16 w match

 

[Fingolfin269]

according to people like dave ramsey you should only contribute the max of what your company matches. so i put in 5% thats the max that my company matches. the rest i put in savings.

Unless he has changed his tune over the last few years that's not at all what he says. As I recall, it's max 401k up to the match, then max Roth, then back to 401k.

 

[Atty]

5% with 50% match for now and soon to be 100%. Once it is 100% I'll up it to 8%.

 

[yh125d]

This year is my first year with an IRA and I'm doing 3% +3% match cause I'm trying to save extra for a house. I'm going to be doing 7% +3% for next year, and after I get my house bought early next year I might go upwards of 15%+ 3%

 

[Cattlegod]

6% + 6% match + pension

 

[Bignate603]

8% with 3% match.

 

[zCypher]

6% into company shares (40% match) and 6% into pension (100% match of the first 5% and 80% match of the last 1%). Still thinking of where else to put money for that since they stopped matching RSP contributions. Seems grossly inadequate, but I need to make more money to be able to afford much bigger contributions.

 

[Leros]

10%, I'm gonna bump it up to 20-30% once I finish paying off my student loans.

 

[CrazyAznDriver]

0 for me since I don't have a salary, my wife does like 4% I think which maxes it for the year.

 

[Chaotic42]

0%

Saving up money, waiting for the inevitable.

 

[maddogchen]

21% + 9% company

 

[tfinch2]

10% 401k + 6% match up to 4k per year
10% ESPP
The rest goes into savings to pay the house off.

 

[Schadenfroh]

7% (employer matches up to that)
Total 14%

 

[Jeff7]

4% + 50% match on that.

Now that my student loans are gone, I guess I should open an IRA or something like that. (The fees on work's 401k plan are on the high side.) Now I just need to figure out how to shop around for a good one - as well as what a "good one" would be. :\

 

[Fenixgoon]

10% by me. my employer contributes another 5%

 

[ichy]

15% into my 401(k), plus I max out my Roth IRA every year. Not much fun having that much money taken out of my paycheck, but combined with the mortgage interest tax deduction I at least get the satisfaction of f**ing the tax man.

 

[edro]

0 for me since I don't have a salary, my wife does like 4% I think which maxes it for the year.

2011 Max is $16,500.
Your wife makes $412,500?
SCORE!!!

 

[rcpratt]

2011 Max is $16,500.
Your wife makes $412,500?
SCORE!!!

Have you not read every single one of his posts where he talks about his rich doctor wife?

 

[cliftonite]

~20% to max it out.

 

[Scouzer]

About 5%, but I have a full defined benefit pension plan.

 

[Bateluer]

401k's are for optimistic people.
I cut my contribution way down. It's kind of pointless throwing your money into an account only to watch the money disappear.

My company doesn't match though, and I know that's one of the biggest perks of doing a 401k. I like to have access to my money. Alot of things can happen between now and the magical year where I'm allowed to have access to my own money...



For the people putting 16.5k per year in, how much of that is in your account now?

I wish to subscribe to your newsletter on stuffing the mattress with money.

 

[JTsyo]

Unless he has changed his tune over the last few years that's not at all what he says. As I recall, it's max 401k up to the match, then max Roth, then back to 401k.

Too bad people on Anandtech don't qualify for Roth IRA.

The Roth IRA MAGI phase out ranges for 2010 are:

Single filers: Up to $105,000 (to qualify for a full contribution); $105,000–$120,000 (to be eligible for a partial contribution)

 

[Fritzo]

I do 7%, and the company matches 50% of that, so that's about 10.5%.

 

[Fritzo]

401k's are for optimistic people.
I cut my contribution way down. It's kind of pointless throwing your money into an account only to watch the money disappear.

My company doesn't match though, and I know that's one of the biggest perks of doing a 401k. I like to have access to my money. Alot of things can happen between now and the magical year where I'm allowed to have access to my own money...



For the people putting 16.5k per year in, how much of that is in your account now?

If you're going to retire in 5 years, 401K's are terrible. If you're 20, 30, 40, or more years out, a 401K is the way to go. You're really thinking short term. People that look at their 401K returns on a weekly basis are stupid.

 

[rcpratt]

If you're going to retire in 5 years, 401K's are terrible. If you're 20, 30, 40, or more years out, a 401K is the way to go. You're really thinking short term. People that look at their 401K returns on a weekly basis are stupid.

I track mine down to the day. Doesn't mean I overreact based on the results...mostly I just find it interesting.