I am in my 20's and I was wondering how much money should I contribute to my 403B out of each of my pay checks? How much should be taken out in order for me to be well off in my 60's?
2007-12-12 04:03:24 · 3 answers · asked by Bonita16 1 in Business & Finance ➔ Personal Finance
Honestly, as much as you can afford. If you can afford to put away 15% of what you earn, you will be in fairly good shape. Investing is as much about how long you do it as it is about how much you invest. Starting young is great. Keep it up!
2007-12-12 04:41:29 · answer #1 · answered by Jay P 7 · 0⤊ 0⤋
Jay is correct. Putting away as much as you can afford.
I'm currently putting away 12%(my employer match 7%) of my paycheck
2007-12-12 12:30:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
what ever the matching amount the non profit puts in any money above that amount you can afford should be put in a roth ira!!!! 100% if possible!!!
2007-12-16 03:03:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋