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View Poll Results: What % of your monthly income do you invest/ save?

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  • 0-1%

    1 9.09%
  • 1-5%

    4 36.36%
  • 6-10%

    3 27.27%
  • 11-15%

    1 9.09%
  • 16-20%

    1 9.09%
  • 20+

    1 9.09%
Results 1 to 8 of 8
  1. #1
    Jdawg50's Avatar
    Jdawg50 is offline Anabolic Member
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    What % of your monthly income do you invest into your 401K/IRA(ROTH)/Savings

    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?

  2. #2
    symatech's Avatar
    symatech is offline Retired Moderator
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    ~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

  3. #3
    Bigen12's Avatar
    Bigen12 is offline AR-Hall of Famer
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    6% now, but when I finish paying child support, in 4 years, I'll probably take it up to 15%

  4. #4
    majorpecs's Avatar
    majorpecs is offline Anabolic Member
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    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.

  5. #5
    daem's Avatar
    daem is offline Anabolic Member
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    Quote 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%.

  6. #6
    Monkeytown's Avatar
    Monkeytown is offline Senior Member
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    Quote 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.

  7. #7
    Mesomorphyl's Avatar
    Mesomorphyl is offline Smart Ass Member
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    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.

  8. #8
    almostgone's Avatar
    almostgone is online now AR-Elite Hall of Famer
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    ...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.......
    There are 3 loves in my life: my wife, my English mastiffs, and my weightlifting....Man, my wife gets really pissed when I get the 3 confused...
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