Reply to $70k salary, if I max 401k what will take home be?

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Reply to "$70k salary, if I max 401k what will take home be?"

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[quote=Anonymous]OP, the 401k max for 2018 is $18,500.

I make $75k but I am married (DH makes $104k), so take this with a huge grain or salt. This is the first year I am maxing out my 403b at $18,500, plus maxing out my Roth IRA at $5500, plus adding @$6k to my 457, all while also doing a dependent care flex spending account ($5k), a little to the health FSA ($260), the transportation FSA (@1440), pension (@$3k), and taxes. It leaves me with about @$1100/paycheck. I'm doing this because I am way behind in my retirement savings. It's incredibly tight but I can only do this because most of the regular bills are handled by DH and we budget to the nth degree. (He is maxing out his Roth IRA at $5500 and aiming to up his pretax retirement to 18% before the end of the year for the very first time.) We are in NYC.

It might be possible to max out your 401k but you might need to get extreme with your budget. And it might feel uncomfortably tight. I like to advice of increasing your contributions one percent at a time.[/quote]

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