What % of your monthly income do you invest into your 401K/IRA(ROTH)/Savings

**Jdawg50** · 07-26-2005, 08:34 PM

I read somewhere that the average person is investing less than 1-5% annually. I can see that, but wow. That is kinda scary. What are you guys doing?

**symatech** · 07-26-2005, 10:24 PM

~5%, started when I was 20, when I graduate and get a higher paying job I'll up it to around 15%+ ...don't wanna work forever

**Bigen12** · 07-27-2005, 05:34 AM

6% now, but when I finish paying child support, in 4 years, I'll probably take it up to 15%

**majorpecs** · 07-27-2005, 06:50 AM

I put in 4% right now, the company matches that by 50% and gives me another 5% on top for just being an employee...so I'm putting in 4% of my salary and actually getting 11% invested every year.

**daem** · 07-27-2005, 08:15 AM

Originally Posted by majorpecs

I put in 4% right now, the company matches that by 50% and gives me another 5% on top for just being an employee...so I'm putting in 4% of my salary and actually getting 11% invested every year.

Me too..company match is 100% up to 6%, so I invest 6% and actually reap 12%.

**Monkeytown** · 07-27-2005, 08:20 AM

Originally Posted by daem

Me too..company match is 100% up to 6%, so I invest 6% and actually reap 12%.

Same here. Can't beat an extra 6% plus what is makes over the next 30 years.

**Mesomorphyl** · 07-27-2005, 08:28 AM

Roth IRA is the way to go if you make less than 150K. You can invest up to 2K per year and can retreive it at 59.5 years of age without any taxes taken out. Again the government cannot tax it, and you can set up the style of investment. If someone started at 18 years of age and saved 2k per year until the age of 38, there will be well over one million tax free dollars in your account before you retire.

**almostgone** · 07-27-2005, 08:39 AM

...10% pre-tax....Company matches .50 on the dollar up to 9%, so that's another 4.5%, and 4% post-tax...Plus I try to shoot some into a variable annuity.......