No. of Recommendations: 0
Contribute the maiximum that the plan allows, you'll thanks us in the long run. At first you might think that it is a big chunk out of your paycheck but you will learn to budget accordingly to you new found wealth. Another reason that I recommend the maiximum ASAP is so that you can begin to realise your raises in you take home pay once they occur(what is that you said). If oyu do not contribute the maiximum from that get go an each time you get a raise you up your deferral percentage you are not really realizing your raise because as you riase your deferral your raise will coverthe increase. So the moral is contribute the Maximum from day 1.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.