What % of your salary do you put on an IRA or 401k?

[Engineer]

Originally posted by: Evadman
I put in the government max, which IIRC is like 13k something.

Pre-Tax: 14k this year. Going to 15k in 2006 and then indexed to inflation in $500 increments after that.

There is also a makeup contribution of $4,000 per year if you're older than 50.

All pre-tax contributions do not take into account employer matches so you can feel free to contribute the maximum amount without worries of your employer.

Also, I have not witnessed this but have been told by several people to watch and make sure that you don't go over the limit before the end of the year if you receive a match. Once you go over the limit, the contributions are cut off and, most of the time, the match is gone too. i.e. If you max out in August, you lose your match from August to December.

 

[Dr. Detroit]

Am committed to maxing mine this year, I get a whopping $2K match

 

[tami]

none because i am not entitled to 401k/IRA until i've been employed there for a year.

 

[Fritzo]

10%- work matches 50% contributions up to 10% of your pay, so I'm getting the maximum amount of free money from them

 

[Malfeas]

12% and the company matches 6% at 55 cents per dollar. So really just a little over 3 % match. But thats because I am union represented, the non-represented get a company match up to 8%. But I also will be vested soon in the company pension plan due to the union, so it works out I guess. The non-union people don't have a pension, just a lump sum payment based on how many years of service.

 

[MrChad]

10 percent, company matches 50 cents on the dollar up to 5 percent.

 

[iwantanewcomputer]

i save all of my sallary cause i had enough to pay for college going in. no 401k match though

 

[BlueWeasel]

I put in about 5.5% and the company currently matches up to 3% (they are upping that to 4% in January). After reading this thread, I realize I need to raise mine.

 

[zebano]

8% to get the max 4% matching. Additional 1% coninciding with annual raises until I reach the cap, I'm 24 so I like having $$ in their early to compuound.

Also 1% after tax to a stock purchase plan.

 

[Vegito]

I thought 401k had a limitation per year.. i wasn't sure but i put 12% a year... i think by now i put over 90k but because of the market, its down to 60k last statement i gotten..

 

[Led Zeppelin]

100%

 

[Mr N8]

5% in my company matched 401K.

 

[zendari]

What's the point in putting money into a 401k beyond the company match? Aren't you better served in a IRA (Roth or not) that you have more control over?

 

[snoopdoug1]

Originally posted by: zendari
What's the point in putting money into a 401k beyond the company match? Aren't you better served in a IRA (Roth or not) that you have more control over?

You can put pre-tax money into your 401k, thereby making interest on money you would have just sent to the govt.

 

[MazerRackham]

401k

8% from me
4% from company

My company will match up to 4% of contributions of 8% or higher. In other words, I am contributing the least to get the most matching, right now. I plan on increasing it to 12% or so next year.

 

[Ranger X]

4% because my company will only match up to 2% if we put in 4%. :disgust:

 

[DnetMHZ]

Originally posted by: RossMAN

Originally posted by: DnetMHZ
1% because I'm poor

Assuming this is your 401k, how much does your employer match?

It's safe Harbor so 100% of the first 3% then 50% of the next 2% of gross
(4% in so many words)

I know I should at least put in the 5% I just haven't done it yet.
(and I'm fully vested)

 

[IronWing]

8% plus 5% match. I am increasing the % with every raise until I reach the max. I basically never see any of my raises in cash between upping the retirement and rising healthcare costs.

 

[aeroguy]

10%

Company matches 75 cents on the dollar up to 8% (so basically they match 6%)

 

[markgm]

0%, my company matches all of it.

 

[gopunk]

i don't know what %, i just max it out

 

[UTmtnbiker]

10% with a 100% employer match for the first 4%.

 

[Muadib]

10% with my company matching 8%. I still need to hit the lottery in order to retire before I'm 70 though.

 

[frankie38]

14k max