What % do you have withheld for 401k?

[Anonymous]

I always try to put in as close to the max (17,500 this year) that I can. But this year I haven't been able to do that as I am struggling with medical bills. So I waffle between 6%(minimum for match) and 11% as the months go by, depending on what I need to get by. Luckily for me my balance is high and I earned a healthy return this year, so I don't feel terrible about not maxing.

[Anonymous]

My DH and I always max. I get a 12% employer match, DH gets 6%.

Right now I'm weighing whether I should start a Roth 401(k) account.

[Anonymous]

Whatever the max is, I haven't calculated what percent of my income that works out to be. This is the first year I've maxed it out, but I've only been working for 7 years. Also get a 5% match.

[Anonymous]

I do double the max (have a 457 plan also) - was bad about contributing in my 20's and trying to reduce our AGI as much as possible!

[Anonymous]

Yep, maxed out.

[Anonymous]

Max DH and I contribute 5% to get the match.

[Anonymous]

Max, no match. DW maxes, and gets 6% match.

[Anonymous]

Anonymous wrote:Financial advisor here. You should do the max, including catch-up if you are of age. Does you employer offer a Roth 401k? You might want to consdier that too.

There's no way I could afford to do the max. There wouldn't be enough left over to cover the bills.

[Anonymous]

17% and 7% employer match into a Roth.

I didn't have a job with a retirement plan until I was in my 30s, however.

[Anonymous]

6% with a 5% employer match. Will go back up to 10or 11% once kids are out of daycare. DH does 10% and his company throws in an additional 5-15% at the end of the year depending on how well the company did.

[Anonymous]

I put in 12% - 6% pretax plus a 5% match, and 6% after tax in a Roth.

DH puts in 15%, and we're thinking of increasing that because he is behind. Might have to back off my savings to cover his.

We might also have to back off retirement to pay for upcoming child care expenses.

[Anonymous]

Does anyone know the max next year? I asked JP Morgan and they said they wouldn't know until December which seems pretty late.

[Anonymous]

Whatever it takes to get to the maximum.

[Anonymous]

I just split the max contribution of $17,500 by 26 pay periods. For some plans you need to be contributing to get the match, so if you max out early you may have missed some match. The contribution maximum usually goes up by $500 each year. Once I hit 50, I'm going to add the $5,500 in "catch up" contributions.

[Anonymous]

10% plus employer match of 5%. We also try to max out our Roth IRAs each year. If I have another kid I will probably have to drop to 5% with no Roth for a few years. Yeah, I know this isn't a good idea.