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Title says it all. Got my bonus number today and I have until 2/9/12 decide how much of it gets moved to my retirement plan. Do I put it in my 401K (nice sized balance) or use it to start the funding on the Roth-401K ($0 balance) that my company offers...
Started by The Mighty Zoltan on
, 32 posts
by 14 people.
Answer Snippets (Read the full thread at arstechnica):
From....
At retirement, when you, ideally, will not be earning any wages? Wouldn't gains from cashing out 401k stuff comparing it to the taxes faced in retirement? Is there a point where traditional IRA or 401k makes of the deal.
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Is there a better way to save for retirement than a 401K? I have very little knowledge when it comes to investing. I mean VERY little. My company offers a 401K that I pay 3% (and my employer matches 100%). Is there a better way than this? I've always ...
Started by marz_miller on
, 6 posts
by 6 people.
Answer Snippets (Read the full thread at yahoo):
This stuff isn't all that complicated in Finance, and 20+ years investing experience There is no such thing as a Roth IRA using a 401K plan like to invest, go back to the 401K....
One or two books on investing/retirement planning basics.
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This is purely hypothetical, as I am a *long way* from retirement.
I've always heard that in an early retirement situation, it's wisest to withdraw from your taxable and roth accounts first, and hopefully these will tide you over till 59 1/2 (assume retirement...
Started by mortal on
, 7 posts
by 6 people.
Answer Snippets (Read the full thread at bogleheads):
Folks who retire early who do not have pensions some Roth IRA conversions early ....
When I was developing my early retirement plan in 2007, I met with my account executive at Fidelity-deferred (Traditional 401k, 403b, 457, IRA, TSP).
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Secrets of the 401k millionaires - 1 - retirement planning - MSN Money
Some highlights from the article:
0.2% of 401K holders have a million dollar balance or more
The median 401K balance is $60,000
Only 9% of 401K holders contribute the max ($17,000 ...
Started by bjl584 on
, 13 posts
by 9 people.
Answer Snippets (Read the full thread at savingadvice):
In the US is 50K, saving 15% for retirement would be $7,500/year.
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Started by StrangeIntelligence on
, 16 posts
by 10 people.
Answer Snippets (Read the full thread at reddit):
They don't provide vested after 4 years (5 years from now).... .
There's no incentive to feed retirementI just started with a new employer and I'm signing up for their 401k benefit.
Per year in the IRA then think about increasing the 401k %.
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I have the option of contributing to either a traditional 401k or a Roth 401k.
Which would you choose? Would you choose one over the other or split your contribution between the two?
In case you are wondering the company 100% matches the first 3% and ...
Started by farfalla2011 on
, 9 posts
by 6 people.
Answer Snippets (Read the full thread at thenest):
It's nice to have some post-tax retirement money and see how much you can put away....
If you don't need the tax break, I would put as much as possible in a Roth 401K, especially if you don't qualify for a Roth IRA.
Situation and cash flow.
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I'm 33, debt free with 3 months of income saved. 25% fed and 6% state. Have $9K invested in my 401k and $5K in a trad. IRA with vanguard. I am currently not investing into anything as I'm trying to build up to 12 months of saved income, once I get there...
Started by Nutaboutgolf on
, 13 posts
by 8 people.
Answer Snippets (Read the full thread at bogleheads):
So of lost opportunity for earnings, ....
I assume that the amount you borrow from the 401K is no longer invested.
Borrowing from a 401K but for the purpose of dropping PMI and lowering interest rates perhaps it is a worthy reason to do so.
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Secrets of the 401k millionaires - 1 - retirement planning - MSN Money
Some highlights from the article:
0.2% of 401K holders have a million dollar balance or more
The median 401K balance is $60,000
Only 9% of 401K holders contribute the max ($17,000 ...
Started by bjl584 on
, 6 posts
by 5 people.
Answer Snippets (Read the full thread at savingadvice):
If the....
In the US is 50K, saving 15% for retirement would be $7,500/year.
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I see a lot of people here contribute the maximum amount to their 401k.
If you contribut the max to 401k, what is your annual HOUSEHOLD income? < $50k (1.1%) $50k - $75k (2.3%) $75k - $100k (5.7%) $100k - $125k (4.5%) $125k - $150k (17%) $150k - $...
Started by LisaMinFL on
, 26 posts
by 19 people.
Answer Snippets (Read the full thread at thenest):
I have contributed....
And contributes $17.5k to 401k that is different to me than a couple making $150k combined earner makes $150k and contributes $17.5k to 401k that is different to me than a couple making $150k combined contributing $35k.
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I am contemplating my retirement plan. My employer contributes ~5% into my 401k.(not a match, they just contribute to it) I currently contribute ~6% into it. I have been thinking of stopping my contributions and opening a Roth. I know jack about investing...
Started by boomhower on
, 19 posts
by 15 people.
Answer Snippets (Read the full thread at anandtech):
If you are confident your tax bracket will be higher in retirement, then the Roth, I will ....
If you are confident your tax bracket will be higher in retirement, then the Roth contributions in a 401k.
Contributions in a 401k.
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