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Adjusted Retirement Contributions for 2010

December 25th, 2009 at 06:19 pm

My employer cut the employer match for 401K from 50% up to 6% to 50% up to 3% for 2010. So I am cutting my contribution from 6% to 3% and moving the 3% difference to my ROTH IRA. Yesterday was my last payday of 2010, and it was very slow at work so I got the 401K updated. Then I went to my ING and changed my autodeposit from $70 every 2 weeks to $100 every 2 weeks. All ready to go for 2010!

Posted in Retirement | 4 Comments »

4 Responses to “Adjusted Retirement Contributions for 2010”

  1. Alex Says:
    December 28th, 2009 at 07:19 pm 1262027961
    1262027961

    have you ever considered an annuity?

  2. financeaholic Says:
    January 6th, 2010 at 10:43 pm 1262817795
    1262817795

    can you manage a few more bucks to your Roth? you won't quite be investing 3% because the money is now after tax whilst your 401K money was before tax. therefore you are essentially contributing less, unless you calculated that 3% on gross income. i'm glad you kept your retirement money flowing into some sort of retirement vehicle! thumbs up!

  3. Banker Gurl Says:
    January 6th, 2010 at 11:58 pm 1262822307
    1262822307

    Sadly the amount going into the ROTH is going to be stretch already. Since it is changing from pre-tax money to post-tax money the amount of my paycheck will already be less going into my pocket. I will see how this goes and if we can manage stick some more in. Thanks for the advise!

  4. Banker Gurl Says:
    January 7th, 2010 at 12:32 am 1262824349
    1262824349

    Sadly the amount going into the ROTH is going to be a stretch already. Since it is changing from pre-tax money to post-tax money the amount of my paycheck will already be less going into my pocket after I contribute to the ROTH. I will see how this goes and if we can manage stick some more in. Thanks for the input!

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