Georgina47 is happy!
Did it!
12 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!
People doing this are also doing these things:
Entries
Georgina47 is happy!
getting closer
14 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.
14 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.
sierra_dreamr is spending more meaningful time with friends and doggies
Not Going to Happen this year
17 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.
sierra_dreamr is spending more meaningful time with friends and doggies
$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
4 years ago
Tuesday October 11, 2005. Today I maxed my 401k up to the maximum that my company matches.
My 401k Strategy
4 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.
