The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: 401K or do-it-myself?||Date: 9/26/1998 11:04 AM|
|Author: TMFPixy||Number: 5656 of 78166|
AliFool, eager to be Foolish, asks again:
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.