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What do you contribute to your 401k?

Forum Opinion Poll
Maximum ($14k) 4 13.79%
Amount less than the Max 17 58.62%
No, I can but do not contribute 2 6.90%
No, I do not have the option of a 401k 6 20.69%
 

Retirement Plans

Posted By Message

Salason

Member since 6/05

9878 total posts

Name:

Retirement Plans

Just curious what everyone does. DH & I both just changed jobs and set our new ones up and were trying to decide what to contribute.

Posted 1/27/06 3:20 PM
 

CookiePuss
Cake from Outer Space!

Member since 5/05

14021 total posts

Name:

Re: Retirement Plans

I have a SIMPLE so I do the max, $10,000.

Do as much as you can afford, you will be really happy about it later in life. Plus, doing more now, means even more compounding which is a good thing.

Posted 1/27/06 3:24 PM
 

hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Re: Retirement Plans

Posted by Salason

Just curious what everyone does. DH & I both just changed jobs and set our new ones up and were trying to decide what to contribute.



I don't know if you listen to Suze Orman but she recommends if you can't afford much to only do as much as your company matches. That is what I do and even though it is not alot, I have a small chunk so far.

Posted 1/27/06 10:54 PM
 

CaseyGirl
Mommy to 3 Boys :)

Member since 5/05

19978 total posts

Name:
Jen - counting my blessings...

Re: Retirement Plans

yes exactly even if you can do the minimum esp if your company matches this it will be well worth it when you retire!

Posted 1/28/06 12:53 AM
 
 

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