The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: 401K or do-it-myself?||Date: 9/25/1998 2:10 PM|
|Author: AliFool||Number: 5636 of 75340|
Currently, I contribute 10% of my pre-tax salary to my 401K. I only get 2.5% match for my first 4%.
How can I tell whether it is potentially worth it for me to put more than that matched 4% in?
I originally decided on 10% because it was easy, automatic savings specifically for retirement. But... if I can get by with 4% there, and make more on the other 6% somewhere else (as long as I earmark it for retirement), please enlighten me.
I am pretty sure there are lots of tax issues here that are lost on me (being such a new Fool). In case it matters, I believe that I am in the 28% federal bracket.
Thanks for the help...
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|