No. of Recommendations: 0
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...

--AliFool
Print the post  

Announcements

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.
Advertisement