No. of Recommendations: 0
ortman wrote:

<<I'm just starting my first "real" job, and need to determine how much of my income I want to
allocate to my 401k. However, while I am familiar with 401k's, I don't possess the detailed
information required to make such a decision. Does anyone have a reference site they could point
me to that might answer some of my questions? Thanks.>>

I don't know of a site that would help answer your questions, but I will say 2 things:

1) If you can manage it, put the maximum your plan will allow you to contribute into the 401K. It's tax deferred, and any amount beyond the minimum will help you reach your retirement goals that much earlier.... Also, it will meet (exceed, probably) any employer match to your funds. You will be able to live on the rest. Trust me. Just live within your means and don't get sucked into that credit card/debt cycle.

2) Your best source for information on your 401K is the plan's administrator. The HR department should be able to help you find out who the administrator is and how to find them....

Good luck.

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