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Simple organization fits 7% of wages and will another ten percent in Profit Sharing so at most 24per cent of invest gets into your 401K yearly at the very least.

Simple organization fits 7% of wages and will another ten percent in Profit Sharing so at most 24per cent of invest gets into your 401K yearly at the very least.

So good! We do hope you are actually maxing out your 401k then.

My own boss fits three to 1 (300%) as much as 5percent of your wage. I’ve been performing the 5per cent contribution and that’s fundamentally twenty percent of our wages and putting $5,500 into a Roth IRA. We do not enjoy the best fund option during the 401K but starting up 300per cent over at my revenue i’ll get it every paycheck.

Definitely not a bad fit! But I would personally encourage maxing from the 401(k), immediately after which examine the ROTH IRA.

Wow 150per cent and ten percent is sweet. Mine should be only 100% and 6percent.

Husband i need to become room streak hitter right here, 150% tie in with to ten percent of wage or $16,500 whichever is lower.