cocojambo

anyone here invested in 401k plans, how much do you invest in it per year, it says here http://www.moneysavingfreetips.com/4...ributions.html that the limit is: The max contribution amount for a 2005 401k plan is $14,000.

Kevster

Right now?

I put away 9%. My company matches 50% up to that, so I'm effectively getting 13.5%.

__________________
I think over again
My small adventures, my fears.
The small ones that seemed so big,
For all the vital things I had to get and to reach.

And yet there is only one great thing, the only thing:

To live to see the great day that dawns,
And the light that fills the world.

-old Inuit song

sizemic1

I do 10% plus 4% gets matched.
I wish my 10% equaled the 14k limit

__________________
[___]
(O lllllll O)
[]==O=[]

Merlin

I've already maxed out the 14k for this year. Maxed out last year as well. A 401k is pretty much the best thing you cando with your money. Max it out if possible.

__________________

Aristo

I invested full 14k to 401k with company matching to 6%

bachviet

15% + 3.5% (company match)

__________________
Dell Dimension 9200 | Intel Core 2 Quad Q6600 (2.4GHz) | 4x1GB DDR2 | 256MB nVidia GeForce 8800GT

Dell Studio 17 | Intel Core i7-720QM (1.6GHz) | 2x2GB DDR3 1066MHz | 1GHz ATI Mobility Radeon HD 4650

Intel P4-C 3.0GHz | ECS 865PE-A | 3x512MB PC3200 | 128MB PNY GeForce 6600GT

ray

I put away 10% currently.

smeakim

Boy what jobs do the rest of you have that allows you to stock 14K away already. I was doing 10% plus 3% match. I dropped to 3% to be able to save up for the wife not working for a few months once the little one is born, but would I love to put away 14K. OK what do I need to do to put away 14K a year????????

Markel

My company matches 50% on the first 5% of salary put into the 401k. I put the 5% in there, and have about 4% going to other secure investments.
Are you open to all options, or just the legal ones? (j/k, of course)

__________________
stay low... keep moving...

Daedalus

Be mindful of proportioned company matches so that you don't max out before the end of the year. There's nothing for them to match if you max out early.

Merlin

It is not really fair for me. I get my annual bonus (the bulk of my salary) early in the calendar year so my contributions tend to be somewhat front end loaded.

And how can you put away more? The answer is simple....increase your percentage and just plain deal with it. If you restrict your pay I'm pretty sure you'll adapt. And at the end of the year you'll be much better off.

Abraaj

$14k is the tax limit. You can put more money in your 401k, however it will not be excluded from your income.