Spinoff on investing for retirement

yabbobay Posted: Feb 25, 2004 05:24 PM

Spinoff on investing for retirement

DH's attitude is that we have land investments and that is good enough...

I, fortunately, do not share the same views

it doesn't have to be in a 401k or 403b or whatever other employer retirement plan

but just try to think how much of your annual salary

kel2004 Posted: Feb 25, 2004 05:28 PM

Re: Spinoff on investing for retirement

My company matches 100% of the first 3% that we contribute, and then 50% of the next 3% that we contribute. If I didn't contribute at least 6%, it would be like giving away free money.

May2704bride Posted: Feb 25, 2004 05:30 PM

Re: Spinoff on investing for retirement

The company I work for matches $ to $. I put in 10% of my gross salary and they match it. Also put in about $1,200/month in a separate checking account for cash savings.

verdila Posted: Feb 25, 2004 05:34 PM

Re: Spinoff on investing for retirement

Almost 10% of my salary with company match up to 5% for the last 8.5 yrs.....Fidelity Investments!

ETA: DH also does 10% of his salary and he has company match up to 5 also and he also has a company sponsored pension plan which i dont have... we are both fully vested.

I also have a ROTH IRA that I used to contribute to but havent in awhile.

Our plan is to be millionaires by retirement!

alina Posted: Feb 25, 2004 05:44 PM

Re: Spinoff on investing for retirement

I put in 4%, and they match 3%. I also have purchased some stock options from my bonus

dgtlsunshine Posted: Feb 25, 2004 05:54 PM

Re: Spinoff on investing for retirement

DH and I put 15% each. Our (we work for the same company) matches 50% up to 2000 and 15% up to 10,000.

karen32 Posted: Feb 25, 2004 06:00 PM

Re: Spinoff on investing for retirement

when i had a regular job, i always put in 10-15% into my 401k. i hope once i get another job, i can continue doing the same.

Diane Posted: Feb 25, 2004 07:41 PM

Re: Spinoff on investing for retirement

I put in 10%

starhead Posted: Feb 25, 2004 07:43 PM

Re: Spinoff on investing for retirement

I just bumped up to 11%, my co. matches 50% I think.

steph4777 Posted: Feb 25, 2004 08:16 PM

Re: Spinoff on investing for retirement

In the last company I worked for I save 10% of my salary. They matched $ for $ up to 5%. The benefits were so great, I also got ESOP, stock options and a pension. But I got laid off last June.

My new company is private and they don't do any matching. I took a pay cut so I can't afford to contribute more than 6% of my salary.

luvsun27 Posted: Feb 25, 2004 08:18 PM

Re: Spinoff on investing for retirement

I put in 7%...my company matches 50%. I also have some other mutual funds that I bought when I first starting working full time. I add to them when I can...but I never take anything out. When I bought my house (before I met FH), I didn't take anything out for my DP....my dad said I should have...but mom said don't do it!

My mom asks me all the time, if I checked my funds...and I always say...I don't watch them everyday since I don't plan on taking the money out. Ask me again in 30 years. LOL!

michele31 Posted: Feb 25, 2004 08:32 PM

Re: Spinoff on investing for retirement

I do 5% but have NO company match. Scott does 6% and has company match and is fully vested. I plan on increasing mine to 6% this year. I also have an IRA fund that was a roll-over from an old 401K plan.

Jo Ann Posted: Feb 26, 2004 03:11 AM

Re: Spinoff on investing for retirement

I do 15% in my 401k and my company matches up to the first $3000. I am also fully vested. I am going to try and keep it at 15% or higher for as long as I can since FH dons't have a 401k.

Sage10.03 Posted: Feb 26, 2004 08:39 AM

Re: Spinoff on investing for retirement

we both have 401K that we contribute 10% each to...

NYCHICK Posted: Feb 26, 2004 08:41 AM

Re: Spinoff on investing for retirement

10 - 15%..I was told by someone that that is the best amount.......

ThongLori Posted: Feb 26, 2004 09:03 AM

Re: Spinoff on investing for retirement

i only put in 5% but my accountant just suggested bumping to 10 if i can.

ss2002 Posted: Feb 26, 2004 09:04 AM

Re: Spinoff on investing for retirement

I'm very concerned about having enough money to fund a comfortable retirement!!

I contribute 8% to my 401K (co. matches 5). I also hold a couple of stocks and mutual funds, and an IRA that was a rollover from a previous job.

Sassyz75 Posted: Feb 26, 2004 09:31 AM

Re: Spinoff on investing for retirement

My company only has three people. We do not have a 401k or any matching. I have been under-employed for 2 years and really have not been able to save anything- have not made any bonuses, nothing I have been looking for work but the market is AWEFUL (things happen, which is why i am a strong defender of SS).

DH's company is pretty good- he only contributes 3% but does get matching. Maybe when I am able to get a better job and make more $ we'll both be able to save more.

we do save a few hundred every month in savings... and I pulled all the money out of my mutual funds b/c I had putnam an I got PO'd after their whole scandal.

shelzyp Posted: Feb 26, 2004 09:32 AM

Re: Spinoff on investing for retirement

I do my 401 K, at 15%, but my employer does not match.

I also have Profit Sharing Plan that he si supposed to put 15% into, but we will see. Sometimes it is a little less.

shelzyp Posted: Feb 26, 2004 09:34 AM

Re: Spinoff on investing for retirement

Posted by Sassyz75

My company only has three people. We do not have a 401k or any matching.

I would aks them to set up a 401k, I asked my boss, and he did. He doesn't match but at least I get to put money away. Also we only have 3 employess too. He set ours up thru fidelity,a dn it doesn't cost him any money, just the time he ahs to mail the check into Fidelity that we withholds.