<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Adjusted Retirement Contributions for 2010
 

Adjusted Retirement Contributions for 2010

December 25th, 2009 at 10:19 am

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!

4 Responses to “Adjusted Retirement Contributions for 2010”

  1. Alex Says:

    have you ever considered an annuity?

  2. financeaholic Says:

    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:

    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:

    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!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]