Retirement Savings now at 15.5%!
Results 1 to 9 of 9
  1. #1
    Moderator nuisance26's Avatar
    Join Date
    Sep 2006
    Location
    Colorado
    Posts
    8,515
    Post Thanks / WTG / Hug
    Rep Power
    51

    Talking Retirement Savings now at 15.5%!

    ~DH and I talked this weekend about how, eventually, we should bump up his 401K from 7% to 11.5%(company contributes 3.5%). I was planning to do this after the car was paid but he was so excited and wanted to do it now. It only takes a week to change back if we find it's not working. The form to increase allocations would only accept whole percents so that's why it's 15.5. If we don't change it, we should have $1500 more in contributions this year than I originally thought!~

  2. #2
    Registered User FrugalMomof3's Avatar
    Join Date
    Jan 2006
    Location
    Northern NJ - PBurg
    Age
    42
    Posts
    9,237
    Post Thanks / WTG / Hug
    Rep Power
    22

    Default

    Wow that's awesome, I hope it works out well for you

  3. #3
    Registered User banana's Avatar
    Join Date
    Feb 2006
    Posts
    1,475
    Post Thanks / WTG / Hug
    Rep Power
    10

    Default

    That is great!

    married to my honey
    mommy to one handsome teenager
    mommy to 2 furbabies

    no consumer debt, zero, zip nada

    mortgage - 56,140.96 pay off date 11/2017
    car fund 5,000
    heating unit 0

  4. #4
    Registered User ecgsmama's Avatar
    Join Date
    Aug 2005
    Location
    Potter County, PA
    Age
    38
    Posts
    217
    Post Thanks / WTG / Hug
    Rep Power
    10

    Thumbs up Cool!

    That is awesome!

    This is one way that I stay motivated. I take one step closer to the edge and see how it feels. How much more can I put extra on my mortgage principal and still feel comfortable about how much is in my checking account?

    Way to go! Keep up the great work!

  5. #5
    Registered User suzysaver's Avatar
    Join Date
    Mar 2006
    Location
    oregon
    Age
    46
    Posts
    1,317
    Post Thanks / WTG / Hug
    Rep Power
    10

    Default

    WTG ! I streched us a little thin over the last few months and had to back off a bit...so we can save a little for EF and a summer trip. Your doing great keep it up.

  6. #6
    Moderator nuisance26's Avatar
    Join Date
    Sep 2006
    Location
    Colorado
    Posts
    8,515
    Post Thanks / WTG / Hug
    Rep Power
    51

    Default

    ~Thanks for the support! I agree about being closer to the edge being good for motivation. We've reduced our take-home income by $165 a month so I HAVE to stay frugal! But it's totally worth it.~

  7. #7
     is offline

    Join Date
    Dec 1969
    Posts
    0
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    WTG! DH had his 401K at 20% last year, but with me being unemployed he cut it back to 5%. With me going back to work, we're hoping to raise it back up, not sure if we can get it back up to 20% though.

  8. #8
    Registered User TheRootedNomad's Avatar
    Join Date
    Oct 2006
    Location
    Lost in thought
    Age
    43
    Posts
    3,341
    Post Thanks / WTG / Hug
    Blog Entries
    10
    Rep Power
    19

    Default

    Way to go!!!! We shoould be bumping ours a bit in the next couple of months too!!!! It's easier to not spend if it's not there!!!

  9. #9
    Competent Cheapskate
    Join Date
    May 2007
    Posts
    18
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    I think the retirement rate is great right now. I have money currently invested.

Similar Threads

  1. 15% Savings for Retirement?
    By DropPass in forum Dave Ramsey
    Replies: 34
    Last Post: 02-24-2012, 12:48 PM
  2. question - mtg vs retirement savings
    By Wendy99 in forum Debt Reduction & Money Management
    Replies: 14
    Last Post: 06-23-2008, 11:45 AM
  3. Replies: 13
    Last Post: 03-23-2008, 05:59 PM
  4. Anyone use 457(b) plans for retirement savings?
    By Early Bird in forum Debt Reduction & Money Management
    Replies: 1
    Last Post: 06-25-2004, 06:27 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •