2006-07-19 12:38:53 · 10 answers · asked by lwz1drng 1 in Business & Finance ➔ Investing
If your employer has a match program, you should at least invest enough that you get the maximum employer contribution. Anything beyond that should be based on what you can afford given your lifestyle and future spending plans.
2006-07-19 12:43:56 · answer #1 · answered by daspook19 4 · 0⤊ 0⤋
It really depends on your personal needs. there are thing's to consider like your age, how much you make and things like how you want to live when you retire. I get paid weekly and I started with 4% per pay check to get started and raised it later when I learned more about who to invest in. There are differant types of 401k plans and that also is something to consider when investing in a 401k.
hope this helps,
BAMA
2006-07-19 12:52:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I usually do about 10-15% of my weekly pay, and I diversify my investments with no more than 50% in company stocks. I tend to go with mutual funds, and bonds. There may be an option in your plan to actually get a broker, and invest in the market (NYSE).
2006-07-19 12:44:12 · answer #3 · answered by iiboogeymanii 4 · 0⤊ 0⤋
I personally put 3% and its match 50% by the company.....if you can put 15% - 20% you should be good....over a year my 3% is at about $1500
2006-07-19 12:42:43 · answer #4 · answered by firestoneasetech 2 · 0⤊ 0⤋
It really is just a choice on what you can afford
we started with 5 percent and can raise it up to 50 percent of our income
you can always decrees it if it is to much
but to start I would go 5-10 percent then adjust as you go
2006-07-19 12:42:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You are only allowed to save up to $15K per year.
If you can save that much then you should.
Otherwise, save 10 - 15% of your salary.
If you are over 50 you can make a catch-up contribution which I think is another $10K.
2006-07-19 12:42:15 · answer #6 · answered by Honest and fair 3 · 0⤊ 0⤋
Depends on how much the company matches & how much can you afford to put into it. We put 15% and the company matches up to 10%. It all depends on what you can realistically afford to put in every paycheck.
2006-07-19 12:42:25 · answer #7 · answered by pamela_d_99 5 · 0⤊ 0⤋
Usually you can put up to 20%. I found putting 10% in my account my take home pay remained about the same.
2006-07-19 12:44:18 · answer #8 · answered by longroad 5 · 0⤊ 0⤋
It purely doesn't sound top you should placed all of you money into only one determination. At your age i'd lean in route of aggressive because you nevertheless have better than 30 years till retirement.
2016-12-01 23:05:15 · answer #9 · answered by faes 4 · 0⤊ 0⤋
At least what your company will match. The more the better. Experts advise 10%.
2006-07-19 13:30:33 · answer #10 · answered by Jenny A 6 · 0⤊ 0⤋