12-28-2018, 12:51 PM
(12-28-2018, 12:28 PM)Beaker Wrote: You should put as much as you need in to get the max maatch from your company. Thats almost like free money. If you can put more in, you should. A basic minimum rule of thumb for pre tax money in your 401k should be 15% of your yearly salary divided by the amount of paychecks you get per year. I contribute 25% of my yearly, and my wife contributes 20% of hers.
Agree. And when I do withdraw it, it will be taxed. But the idea is that I will be retired, hence when it does get taxed, I will be in a lower tax bracket than i'm in now. So in theory, it's also tax beneficial.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)