At the beginning of 2010 my employer lowered the 401K match from matching 50% up to 6%, down to matching 50% up to 3%. So back when they had changed that I lowered my 401K contribution from 6% down to 3% and moved the difference over to my ROTH IRA. Well they just sent out an email that effective 10/15/10 we will be getting the match moved back up to 6% again. Yeah for FREE money! So today I went in and moved by contribution back up to 6% for the 401K, and lowered my autodeposit with ING from $100 per paycheck to $75 per paycheck. Right now I am contributing 13% to retirement, plus the 3% from my employer = 16%. I am happy with that at 26 and will keep moving it up tiny percentage point by tiny percentage point!
Upping 401K Contribution to max match.....again
October 8th, 2010 at 02:26 am
October 8th, 2010 at 11:14 am 1286536499
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October 15th, 2010 at 04:30 pm 1287160243
Jerry
November 23rd, 2010 at 11:50 pm 1290556206
Why do you have an autodeposit to ING? Do you save up and then make one big Roth contribution?
Like your blog.
November 20th, 2011 at 05:06 am 1321765574