Georgina47 Do you want to read Three Cups of Tea?
Did it!
8 months ago
Took the plunge and went ahead and upped it to $15,500. Figure while the market sucks, I might as well buy more shares!
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Entries
Georgina47 Do you want to read Three Cups of Tea?
getting closer
10 months ago
I’ve decided I will take all of my raise (which starts next week) and put it in my 401K. I won’t miss the extra $$, and that’ll get me to $14,800 annually. Getting closer…
On track for 2008.
10 months ago
I’ve set my deduction level so I should be maxing out this year. I plan to keep doing this every year, with the only exception being for the purchase of a house. I want to maintain my current standard of living so as my income increases, I’ll actually be able to save more and more each year.
Not Going to Happen this year
13 months ago
I’m marking this “give up” for now. I just bought a house, which is a major goal (and a great deal) and I think it will be ok if I skip a year and max a Roth IRA instead.
I would not encourage others to give up. If you do not have other tax shelters this is one of the best ways to save. Should note my employer gives a 3:1, that’s right they put in $3 for every $1 of mine, match which comes out to about 20% of my gross.
Due to a unique government deal I still have 401k elligibility on top of my retirement and I need to make the most of this especially when I’m past the first 3 year of interest on my mortgage. Need to recheck this goal around tax time.
$15k a year
2 years ago
this isn’t going to be easy currently, but it’s so worth the pain now.
$10 k is probably realistic for this year.
At least DH is.
I'm going for max legal, not max matching
2 years ago
My company doesn’t match, but it’s a now-or-never thing, so hubby and I agreed that we’d do the full 15k.
I’m now at 12.8.
Untitled
3 years ago
I finally figured out to push the right amount in to get my company match and put the extra towards other investments. Wow, it’s like I’m a grown-up or something!
Done
3 years ago
Tuesday October 11, 2005. Today I maxed my 401k up to the maximum that my company matches.
My 401k Strategy
3 years ago
My company matches dollar for dollar in the 401k plan up to 4 percent, so I will max out only up to that amount as recommended by Suze Orman (great financial consultant). Even though I am allowed to put in more money she recommends investing only up to the amount that the company will add money to. Free money people! After that I will contribute to my Roth IRA that I am about to open in the near future. Also her recommendation.
