The Motley Fool Discussion Boards
Retirement Discussions / FIRE Wannabees
|Subject: Re: What percentage of gross?||Date: 1/3/2004 6:55 PM|
|Author: SloanT||Number: 1643 of 5068|
Diana asks:How much are you currently saving towards retirement, as a percentage of gross?
DW and I save 10% of gross in our 401k's, to which our employers add about 4.2%. Then we save an additional 25% of gross in a taxable investment account. Every January (in fact, maybe I should do this today!) I move $6,000 total into our two Roth IRA's out of our taxable account.
Our goal for 2003 was to save 35% of gross, not including company match. Our actual savings was 36.5%, as of 12/15. I can live with that... ;)
I will be starting business school next August (I find out where I am going on January 21st!), so I doubt we will keep our current pace for the two years I am not working. I guess we will have to save double-time when I get out and start making the big bucks... :p
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|