Time to bump up that 401k

[Over70irregs]

Nothing to do with him actually

If your over 65 and a politician you probably have some fault.

 

[IVE GOTTA PACKAGE 4U]

If your over 65 and a politician you probably have some fault.

Not me

 

[Coldworld]

Good place for you

Yes… I’m taking what’s her name with me… you’re welcome !

 

[Coldworld]

Everyone is in for big surprise

Perhaps… if you can get their attention away from iPhone 15..

 

[IVE GOTTA PACKAGE 4U]

Perhaps… if you can get their attention away from iPhone 15..

That's 10 years ahead of me

 

[Coldworld]

That's 10 years ahead of me

 

[IVE GOTTA PACKAGE 4U]

View attachment 443994

I'm ready

 

[brett636]

We all just got a nice raise.
Turn it up a little bit and if you don't have a 401k plan, now is the time to start one.

What if we already max out our 401k contributions by July?

 

[IVE GOTTA PACKAGE 4U]

What if we already max out our 401k contributions by July?

Roth IRA?

 

[Thebrownblob]

I’m moving to china.

Good news, it’s moving to you.

 

[Coldworld]

Good news, it’s moving to you.

Perfect…I’ll start learning Mandarin Chinese. I’ll be dead in 10 years anyway.

 

[Jackburton]

I'm serious
I just turned mine up.

Mines been at 30% for two years, 25% for the 5 years before that, not sure what before, maxing it out for 10+ years plus.

 

[Thebrownblob]

Mines been at 30% for two years, 25% for the 5 years before that, not sure what before, maxing it out for 10+ years plus.

Didn’t the amount to go up again this year depending on the age?

 

[IVE GOTTA PACKAGE 4U]

Didn’t the amount to go up again this year depending on the age?

22.500

And another $7500 if you are 50 or older

 

[Thebrownblob]

22.500

And another $7500 if you are 50 or older

Looks like I’ll be raising mine!

 

[IVE GOTTA PACKAGE 4U]

Looks like I’ll be raising mine!

Just put it under your mattress

 

[pkgdriver]

What if we already max out our 401k contributions by July?

July is nice. Mine was usually maxed by early/middle Aug-early September. Mine automatically stopped when you got to the limit.

 

[Over70irregs]

Not me

Me neither. I still like to vent though

 

[brett636]

July is nice. Mine was usually maxed by early/middle Aug-early September. Mine automatically stopped when you got to the limit.

It’s been a process to get it maxed out that early. The first year I maxed out my 401k it was the last two weeks of December. Every year when raise time came around I bumped up my contribution rate and it kept maxing out earlier. This year it stopped taking contributions the last week of July, and I’m not sure going for even earlier is worth it. I guess I need to put my money to work elsewhere.

 

[Over70irregs]

It’s been a process to get it maxed out that early. The first year I maxed out my 401k it was the last two weeks of December. Every year when raise time came around I bumped up my contribution rate and it kept maxing out earlier. This year it stopped taking contributions the last week of July, and I’m not sure going for even earlier is worth it. I guess I need to put my money to work elsewhere.

It is scary to think where to place your $ especially when this is part of your crutch…. “Big Tech is largely fueling the S&P 500's positive performance in 2023, with investors buying just seven stocks and selling pretty much everything else. Those seven stocks — Apple Inc., Alphabet Inc., Meta Platforms Inc. Microsoft Corp., NVIDIA Corp., Amazon.com Inc. and Tesla Inc.”.