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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

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

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
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Posts: 2476

2725 Magic Points

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

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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