NettetHey all, I was playing around with some financial projections and thought it would be cool to share some numbers. Out of curiosity, I wanted to see what would happen if you max out all the more commonly available retirement accounts (401k, Traditional/Roth IRA, HSA) into the standard retirement age of 65. Nettet11. apr. 2024 · Remember, the IRS limits on total 401k contributions is $61,000 in 2024. That means that you can contribute $20,500 pre-tax, and your employer typically contributes something. Some 401k plans then allow employees to contribute the remaining amount in after-tax contributions. For example, let's say your employer …
Yearly Limit to Target Date Retirement Fund Contributions? : r ... - Reddit
NettetFor those of you that like to play around with these numbers: If I contribute for 401k 10,000 yearly for 40 years (eventually I will max but this… Nettet24. jun. 2024 · For every $1 you contribute to the 401 (k), your employer will throw in an additional $.50. In this case, 5% of your salary is $2,000, and to maximize the employer … lily violin hornpipe
How much should I contribute to my 401K? : r/personalfinance
Nettet17. jan. 2024 · 2. It’s a must for employers and employee to take part in the 401A plan, while for the 401k plan, it’s not mandatory. 3. For the 401A plan, the employer determines the contributions, while for the 401k plan, the employee decides how much to contribute. Also Read: Can You Make A Living Playing The Lotto? NettetI’m thinking around 15% contribution could be good, but not sure. I would like to buy a house maybe in 5 years, so I do want to have a decent amount of cash available in a HYSA for a down payment, which is why I’d be hesitant to contribute too much to a 401k, but I’m open to advice (I haven’t done the math). NettetSo if you have no high/mid interest debt, you'd want to contribute 9% for a total of 15%. Use the calculator at paycheckcity.com to see what that will do to your take-home pay. outdoorsy_sea • 51 min. ago Thanks! 9% on 401k and 9% on Roth? meamemg • 51 min. ago At least 9% total. outdoorsy_sea • 50 min. ago Ok AutoModerator • 59 min. ago hotels near fox chase philadelphia