<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Retirement Update
 

Retirement Update

July 21st, 2015 at 12:25 pm

I don't do updates on my retirement often but I should.

I started both my 401K and Roth IRA in 2012. My employer match is 6% of the 401K.

Right now I am contributing 15% of my income not including the match (I did not start out contributing that much). The 6% match is just icing on the cake right now.

I follow the Dave Ramsey program or at least try hard to do so!

For three years, not bad.

401K $41,027.12
Roth IRA $17,569.72
Total $58,596.84

3 Responses to “Retirement Update”

  1. PatientSaver Says:

    That's a nice piece of change. Keep up the good work.

  2. Petunia 100 Says:

    That is a lot for only 3 years. Good job. Smile

  3. Tabs Says:

    Wow, you're putting 15% into your 401(k)? That's wonderful!

    After the 6% match though, have you considered putting the other 9% into your Roth instead? Or do you max your Roth already? Usually, people do that because their 401(k) isn't quite as good as their IRA, except of course to capture the employer match.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 9.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]