Top rate paycheck

[Orion inc.]

Pretty good. Most Americans have nothing for retirement in there early 40's. A large portion of Americans near 60 having nothing!

We both came from nothing so we had a plan when she became very successful. We also want to leave our kids with a good start in life debt free with the best education we can afford to give them and a helping hand in starting out like helping with their first home and such.

 

[underworked1]

If you are young max out a roth ira each year. 20 percent to anon match 401k lol

 

[Brownslave688]

If you are young max out a roth ira each year. 20 percent to anon match 401k lol

Let's see $5,000 in a Roth IRA or $18,000 in a Roth 401k....

 

[IVE GOTTA PACKAGE 4U]

Let's see $5,000 in a Roth IRA or $18,000 in a Roth 401k....

$5500 TTKU

 

[Brownslave688]

$5500 TTKU

Is 401k still 18k

 

[IVE GOTTA PACKAGE 4U]

Is 401k still 18k

Yes it is

 

[Pickles]

What's the Roth 401K?

 

[IVE GOTTA PACKAGE 4U]

What's the Roth 401K?

When you put your money in but you don't get a tax break right now. But when you withdrawal it....it's all tax free

 

[Brownslave688]

What's the Roth 401K?

Do you know what Roth means? And what a 401k is?

 

[Pickles]

Copy that. Thanks. I have most of it all going in to 401K and 5% going in to Roth401K.

 

[Pickles]

Not really. I just dump about $750 a week in to all of them and cross my fingers.

 

[IVE GOTTA PACKAGE 4U]

Do you know what Roth means? And what a 401k is?

Yes I do

 

[Pickles]

When you put your money in but you don't get a tax break right now. But when you withdrawal it....it's all tax free

Do you know what Roth means? And what a 401k is?

And according to my last posts I don't know how to quote either.

 

[IVE GOTTA PACKAGE 4U]

Not really. I just dump about $750 a week in to all of them and cross my fingers.

$750 isn't possible.

 

[Brownslave688]

Not really. I just dump about $750 a week in to all of them and cross my fingers.

$750 a week?

 

[Brownslave688]

$750 isn't possible.

What's the max? 35%

 

[Pickles]

35% pre tax 5% after tax

What's the max? 35%

 

[Pickles]

I go 30% 401K , 5% 401K Roth, 5% After Tax 401K

$2000 a week x 40% is $800 a week

 

[IVE GOTTA PACKAGE 4U]

I go 30% 401K , 5% 401K Roth, 5% After Tax 401K

$2000 a week x 40% is $800 a week

You can only put 18k a year in unless you are over 50

 

[Brownslave688]

I go 30% 401K , 5% 401K Roth, 5% After Tax 401K

$2000 a week x 40% is $800 a week

You're not maximizing your dollar cost averaging.