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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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HOMEOWNERS: What percentage of your salary goes into your 401k ???
I am currently putting the max in.... 15%.
But I am most likely going to have to lower this if I buy a house.... probably by half.
I am not thrilled with doing it... since I have been trained to put the max in for a while now.
But I guess it can't be too bad knowing that even though you aren't contributing as much to your 401k... your money is going into something else that gains value (house).
And if you aren't putting anything into a 401k or retirement... and wish to share... please do so.
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Posted 8/25/05 12:26 AM  |
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Long Island Weddings
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
I put 7%, and my company puts in 60% of that and im not sure what my wife puts in, I think around 10%. Also I believe her job matches it.
Scott
Message edited 8/25/2005 6:52:49 AM.
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| Posted 8/25/05 6:52 AM |
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luvsun27
Check out my cool glasses
Member since 5/05 8135 total posts
Name:
Kim
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
I only put the max my company matches....so 7%.
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| Posted 8/25/05 6:57 AM |
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checka
She's here!
Member since 5/05 1769 total posts
Name:
Me
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
I put in 7%
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| Posted 8/25/05 7:41 AM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Posted by checka
I put in 7%
ditto
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| Posted 8/25/05 7:55 AM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
20%
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| Posted 8/25/05 8:28 AM |
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julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Company matches 6, so I put in 6
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| Posted 8/25/05 8:31 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
my DH and I both put in 8%
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| Posted 8/25/05 8:40 AM |
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MsG
Should be working
Member since 5/05 2824 total posts
Name:
G
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
I was putting 15, now I put in 5, and my company puts in 8
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| Posted 8/25/05 8:56 AM |
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Diane
Hope is Contagious....catch it
Member since 5/05 30683 total posts
Name:
D
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
I have a 403B, and putting 10%
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| Posted 8/25/05 9:22 AM |
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jms100303
Luv my munchkins
Member since 5/05 4789 total posts
Name:
Jennifer
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
DH and I both put the max in. We didn't change it when we bought a house and we haven't touched any of our retirement savings.
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| Posted 8/25/05 9:36 AM |
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FeliciaDP
♥
Member since 5/05 18599 total posts
Name:
Mommy
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Right now I am putting in 10% , and Dh puts in 20% ..
He already knows he is goign to have to lower his when we buy a townhouse/home.. there is no way we can swing mortgage payments/taxes unless he does so.
but it was great to do while is lasted 
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| Posted 8/25/05 9:49 AM |
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MrsJ
I love my Katie Bug
Member since 5/05 11357 total posts
Name:
Kathy
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
10% for now.
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| Posted 8/25/05 10:23 AM |
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november12003
Love my boys...
Member since 5/05 2412 total posts
Name:
Jenn
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Posted by julz33
Company matches 6, so I put in 6
Me too
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| Posted 8/25/05 10:48 AM |
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LMFitz
life is good
Member since 5/05 2013 total posts
Name:
L
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
13%
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| Posted 8/25/05 11:14 AM |
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monkeybride
My Everything
Member since 5/05 20541 total posts
Name:
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
I am pretty certain DH puts 10%.
I put in 2% which my company has matched $3+ for the last 5 years.
Message edited 8/25/2005 11:35:36 AM.
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| Posted 8/25/05 11:35 AM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Posted by FeliciaDP
Right now I am putting in 10% , and Dh puts in 20% ..
He already knows he is goign to have to lower his when we buy a townhouse/home.. there is no way we can swing mortgage payments/taxes unless he does so.
but it was great to do while is lasted
I hear what you are saying. I am just so trained to put in the max. If I lower it... it will probably bother me.
DW found out how much money I was actually putting in there... and she was like holy  .
She thinks I would be able to retire by the time I am 50 at that rate. I don't believe so.
But I am still toying around with what I should do. I obviously don't have to touch my 401k numbers while I am DJing. But I have to think ahead of that.
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| Posted 8/25/05 12:08 PM |
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
I put in 10%. My DH puts in 10% until he hits the max the IRS will allow, then stops it for the remainder of the year. I am a financial planner, so I try to practice what I preach - we'll skip something we want if it means keeping up with at least the 10%.
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| Posted 8/25/05 2:04 PM |
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Kate
*****
Member since 5/05 7557 total posts
Name:
Kate
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
DH and I put 10%.
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| Posted 8/25/05 2:20 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Posted by SeptemberBride03
I put in 10%. My DH puts in 10% until he hits the max the IRS will allow, then stops it for the remainder of the year. I am a financial planner, so I try to practice what I preach - we'll skip something we want if it means keeping up with at least the 10%.
Well the IRS allows about 12k a year for 401k (not sure of the number).
Since you are a financial planner... what would you recommend for a 30 year old to be putting in right now? I know thats a broad question.
What if I could swing about 7k a year into my 401k instead of 12k.... would that be acceptable?
Even if I do cut back on my 401k a little... its not like I would then be putting pennies in.
I didn't want to get personal and ask eveyone in this thread how much they are putting in (in dollars)... I just asked for percentages...
It is possible that somebody that says they are only putting 10% in... could actually be putting in a larger amount than somebody putting 20% cause the former guy has a much higher salary.
Message edited 8/25/2005 4:39:48 PM.
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| Posted 8/25/05 4:38 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Posted by DjPiLL
Posted by SeptemberBride03
I put in 10%. My DH puts in 10% until he hits the max the IRS will allow, then stops it for the remainder of the year. I am a financial planner, so I try to practice what I preach - we'll skip something we want if it means keeping up with at least the 10%.
Well the IRS allows about 12k a year for 401k (not sure of the number).
Since you are a financial planner... what would you recommend for a 30 year old to be putting in right now? I know thats a broad question.
What if I could swing about 7k a year into my 401k instead of 12k.... would that be acceptable?
Even if I do cut back on my 401k a little... its not like I would then be putting pennies in.
I didn't want to get personal and ask eveyone in this thread how much they are putting in (in dollars)... I just asked for percentages...
It is possible that somebody that says they are only putting 10% in... could actually be putting in a larger amount than somebody putting 20% cause the former guy has a much higher salary.
Max in 2005 is $14K
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| Posted 8/25/05 4:42 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Posted by meghanmetz
Max in 2005 is $14K
That much eh? They keep raising it quicker than I am getting raises so I never get to max it out. I come close though.
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| Posted 8/25/05 4:47 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
Posted by DjPiLL
Posted by meghanmetz
Max in 2005 is $14K
That much eh? They keep raising it quicker than I am getting raises so I never get to max it out. I come close though.
Next year it goes to $15
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| Posted 8/25/05 5:05 PM |
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CaseyGirl
Mommy to 3 Boys :)
Member since 5/05 19978 total posts
Name:
Jen - counting my blessings...
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
5%
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| Posted 8/26/05 10:56 AM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: HOMEOWNERS: What percentage of your salary goes into your 401k ???
DH puts in what his company matches, and then we invest additional money in other vehicles. He works in investment research, so he feels like he can get a better return than a mutual fund, but to not get the company match is just throwing money away.
One thing to consider is that although you will be putting less money into a retirement account, most people sell their home when they retire and move into something smaller and easier to maintain, so you should have money from your home sale to live off as well. Plus, as your salary increases, hopefully you can gradually increase your investments again.
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| Posted 8/26/05 12:02 PM |
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