401 k Contributions

[WRESTLINGFAN]

<p>I will be starting to contribute to this. I was wondering what is a good percent of my salary is a decent amount. Im just reading over the different funds. There are so many of them</p>

[feralBoy]

<strong>WRESTLINGFAN</strong> wrote:<br /><p>I will be starting to contribute to this. I was wondering what is a good percent of my salary is a decent amount. Im just reading over the different funds. There are so many of them</p><p>Does your employer match?&nbsp; If so, it's best to invest up to the limit of what they will match, if that makes any sense.&nbsp; </p><p>They are so many funds, it's tough to pick.&nbsp; Personally, I like, Oakmark, T. Rowe Price, Third Avenue, and Fairholme.&nbsp; </p>

[super turbo death shark]

<p>i'd say that depends on a few things.&nbsp; employer match definately one of them.&nbsp; usually there is a limit on high of an amount that they will match, and sometimes there is a waiting period before they start matching what you contribute.<br /> </p><p>another thing to consider is how much of your pay check you can spare.&nbsp; if you dont have many expenses and can spare a decent amount, you probably should do it even if just to shelter your money from taxes.<br /></p><p>i'd say to contribute as much as is comfortable for you to do based how much you need to meet your living expenses and what (if any) amount your employer will match<br /><br />as for funds, if you find some good ones, let us know :)<br /></p><p>&nbsp;</p>

[WRESTLINGFAN]

<strong>feralBoy</strong> wrote:<br /><strong>WRESTLINGFAN</strong> wrote:<br /><p>I will be starting to contribute to this. I was wondering what is a good percent of my salary is a decent amount. Im just reading over the different funds. There are so many of them</p><p>Does your employer match?&nbsp; If so, it's best to invest up to the limit of what they will match, if that makes any sense.&nbsp; </p><p>They are so many funds, it's tough to pick.&nbsp; Personally, I like, Oakmark, T. Rowe Price, Third Avenue, and Fairholme.&nbsp; </p><p>My company does match for contributions. I was thinking maybe 10% to start off</p>

[cupcakelove]

10%.&nbsp; I've read a lot of articles about this, and 10% is a good starting number.&nbsp; After that you should work on maxing out a roth ira.&nbsp; If you max that out then go back to increasing the ammount you contribute to your 401k.&nbsp; The more and sooner you save the better.&nbsp; And if you employer matches, then thats free money.&nbsp; Add as much as you can, it will only grow.<br />

[Gvac]

Most companies set a limit on what they contribute.&nbsp; Get the maximum out of the bastards.<br />

[ThePointer]

<font size="2">take a look at your present circumstances.&nbsp;&nbsp; Are you single?&nbsp; Planning to get married or buy a house in the near future?&nbsp;&nbsp; If youa re single and have no immediate plans for big purchases, MAX out the contributions. Not only to the company match but also above it.&nbsp; As someone said&nbsp; also look into the Roth IRA's since those are post tax contributions.&nbsp; When looking a the funds&nbsp; try to mix&nbsp; from conservative to risky.&nbsp; Look also at foreign stock funds for return.&nbsp;&nbsp; </font>

[Mike from Bklyn]

The max you can afford. <br />