Anonymous
11/09/2013 19:13
Subject: What % do you have withheld for 401k?
I put in 7 1/2%. I'm required to contribute 3 1/2% and company puts in 11 1/2%.
I'd love to contribute the max, but pretty stretched as it is.
I'd love to contribute the max, but pretty stretched as it is.
Anonymous
11/09/2013 19:08
Subject: What % do you have withheld for 401k?
2%. I'm maxed out as an HCE since our company has lots of minimum wage earners. Stinks.
Anonymous
11/09/2013 17:09
Subject: What % do you have withheld for 401k?
12% (6% match), and 3% to a Roth IRA. $140K income.
Anonymous
11/09/2013 12:40
Subject: What % do you have withheld for 401k?
10% with a 5%match. 2200/year in Roth IRA. To max would eat up too much of my base income now, but I will get there someday.
Anonymous
11/05/2013 16:04
Subject: What % do you have withheld for 401k?
30% of my salary. No wonder i don't have much spending $.
Anonymous
11/05/2013 15:18
Subject: Re:What % do you have withheld for 401k?
Well, I put in about 35% of my salary. But, my DH doesn't have any sort of retirement program, so I max out mine. It is only about 10% of our combined income.
Anonymous
11/05/2013 11:14
Subject: What % do you have withheld for 401k?
Anonymous wrote:10 percent doesn't seem bad to me at all, congrats on that! I'm a single mom looking at day care costs, $17,500 is 20+ percent of my salary, and even 10 percent seems like a real stretch.
My employer kicks in 3 percent whether I contribute or not, so I'm considering starting off with another 3 percent and seeing how things go. I do max out a Roth IRA, though.
Finally, someone who sounds like me!
Single mom. I have 7% withhold, company gives 3% for 10% total (of a salary under $100K). It's nowhere near enough, but neither is my college saving. Sigh.
Anonymous
11/05/2013 10:30
Subject: What % do you have withheld for 401k?
13% with a 5% match. I will up to 14% if feds get a raise in January (and possibly before, if my step increase ever goes through). My aim is to get to the max contribution within the next couple of years. I also try to max out a Roth IRA, although I've only gotten to the max 1-2 times in the four years I've contributed...
Anonymous
11/04/2013 23:36
Subject: What % do you have withheld for 401k?
Max out the $17,500 plus max out a Roth IRA (backdoor conversion). It makes a big dent in my take-home but we can live without it.
Anonymous
11/03/2013 11:48
Subject: What % do you have withheld for 401k?
10 percent doesn't seem bad to me at all, congrats on that! I'm a single mom looking at day care costs, $17,500 is 20+ percent of my salary, and even 10 percent seems like a real stretch.
My employer kicks in 3 percent whether I contribute or not, so I'm considering starting off with another 3 percent and seeing how things go. I do max out a Roth IRA, though.
My employer kicks in 3 percent whether I contribute or not, so I'm considering starting off with another 3 percent and seeing how things go. I do max out a Roth IRA, though.
Anonymous
11/02/2013 21:27
Subject: What % do you have withheld for 401k?
Wow... all these people maxing out. I couldn't come close. 17,500 is 22% of my salary and 36% of DH's. We can only do about 10%.
Anonymous
11/02/2013 15:44
Subject: What % do you have withheld for 401k?
Yup, 17,500 again for 401K and 5,500 for IRA in 2014.
Anonymous
11/02/2013 13:30
Subject: Re:What % do you have withheld for 401k?
Anonymous wrote:Does anyone know the max next year? I asked JP Morgan and they said they wouldn't know until December which seems pretty late.
$17,500 again?
Historical amounts
http://www.ssa.gov/online/ss-5fs.pdf
2014 limits
http://www.forbes.com/sites/ashleaebeling/2013/11/01/irs-announces-2014-retirement-plan-contribution-limits-for-401ks-and-more/
Anonymous
11/02/2013 11:49
Subject: What % do you have withheld for 401k?
DW puts in 20% of her pay, which works out to a bit over $17,500. I max out. She gets a decent match, I get none (fuckin law firms).
Anonymous
11/02/2013 11:27
Subject: Re:What % do you have withheld for 401k?
Anonymous wrote: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.
This is how my plan is set up too. If you get a bonus or cash out PTO at the end of the year, make sure you calculate that in too. I had to change my withholding three times last year, because our plan requires us to state a percentage, not a number.