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HomeCredit Forum Money Management And Budgeting

How much of your income do you set aside into a 401(k)

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fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1857



8785 Magic Points

 
Posted on Tue Jul 22, 2008 11:45 pm  

No there hasn't been much gain but he hasn't lost all the money that is invested. Last quarter he lost $900 of new money put in the account. We called and they are advising not too move it. I will give it another quarter and I am going to push it into a savings plan. IK see the stock market improving so I don't want to make a rash decision yet.
 
JPolito830



Joined: 21 Jul 2008
JPolito830's page
Posts: 28
Location: Richmond, VA


948 Magic Points

 
Posted on Wed Jul 23, 2008 3:20 pm  

I havent started yet since I just got a new job, but what does everyone think is a good % to start with?
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Searching for debt consolidation assistance.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2476



2725 Magic Points

 
Posted on Wed Jul 23, 2008 10:10 pm  

JPolito,

Depends on what type of fund that you are talking about and if the employer matches your contribution and by how much. Do you know this information yet?
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1857



8785 Magic Points

 
Posted on Fri Jul 25, 2008 12:25 am  

If you haven't been saving anything as of yet they usually advise you to start with 4% of your pay.
 
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