RyeLou
Club Sponsor
Ahh, that's right. Thanks for the correction.
Investments questions.
- Thread starter afolk83
- Start date
Ahh, that's right. Thanks for the correction.
soap
Forum Member
No problem Ryan.
A while ago I made a spreadsheet to calc it all out for you (see attached screenshot). If anyone wants, just PM me your email address and I can send you the Excel spreadsheet and you can modify it for your own needs. In my case it is setup for getting paid every 2 weeks and the company match is $0.50 per dollar up to 6%.
--Joe
A while ago I made a spreadsheet to calc it all out for you (see attached screenshot). If anyone wants, just PM me your email address and I can send you the Excel spreadsheet and you can modify it for your own needs. In my case it is setup for getting paid every 2 weeks and the company match is $0.50 per dollar up to 6%.
--Joe
Joe - IRS max contribution for the employee to a 401k is $18k, as you've shown. However, the employer match is NOT included in that calc. Employee + employer contributions must be under $53k combined, which is how I read how you've laid the xls out. Just an FYI....
Also assumes no HCE status or other that may limit contributions beyond the general rules.
Also assumes no HCE status or other that may limit contributions beyond the general rules.
ASRoff
Club Member
ok.... Every situation is different for everybody. so, some things you need to look at and see
Dave Ramsey for retirement investing specifily look at (chris hogan 360)
Clark Howard
Start there....
Now... when asked what should the average person do for retirement Warren Buffet said "get a total market index no load mutual fund like vanguard total index and put it all in there. unless you are like me and can analyze a prospectus like I can.... your best bet is to go with an index fund. not many can out pick the regular market and if you can its fee heavy."
what I do is aggressive (just turned 45) so I have a few more market cycles to go thru but with that said....... I only do small, medium and large cap funds with very low maintanace fees......Fee's will kill you more than anything else..... this is in my 401k and my roth 401k. when I retire and my 401k turns into a IRA I will switch it to a Ray Dahlia 4 seasons style fund. my regular roth is just the vanguard total market like old WB says. I started when I was young.... every time I got a pay raise (say 3%) I bumped my 401k contribution up a percent....that way you never "feel" it
I've looked high and low..... asked many Friends and MANY financial advisers (my sister is a financial adviser coach) www.gettingresultscoaching.com I have come to the conclusion that this is the best plan for me. Be prepared thought..... once you start to get into personal finance it becomes quite the rabbit hole LOL!
and last but not least another Warren Buffet quote : when asked by the media what will the market do? he always responds " the market will go up and the market will come down but when others are crying... you better be buying"
what that means is I get happy when the market starts to tank... because Im in it for the long haul.... a down market means im buying at a discount.
Dave Ramsey millionaire hours are very inspiring... and will help you stay motivated... wish you all the best... and glad to see all my Motown friends are sacking away something for the future! I'm gald my buddies will be able to retire and it also gives me hope. I just wish the goverment would learn how to balance a checkbook.
Dave Ramsey for retirement investing specifily look at (chris hogan 360)
Clark Howard
Start there....
Now... when asked what should the average person do for retirement Warren Buffet said "get a total market index no load mutual fund like vanguard total index and put it all in there. unless you are like me and can analyze a prospectus like I can.... your best bet is to go with an index fund. not many can out pick the regular market and if you can its fee heavy."
what I do is aggressive (just turned 45) so I have a few more market cycles to go thru but with that said....... I only do small, medium and large cap funds with very low maintanace fees......Fee's will kill you more than anything else..... this is in my 401k and my roth 401k. when I retire and my 401k turns into a IRA I will switch it to a Ray Dahlia 4 seasons style fund. my regular roth is just the vanguard total market like old WB says. I started when I was young.... every time I got a pay raise (say 3%) I bumped my 401k contribution up a percent....that way you never "feel" it
I've looked high and low..... asked many Friends and MANY financial advisers (my sister is a financial adviser coach) www.gettingresultscoaching.com I have come to the conclusion that this is the best plan for me. Be prepared thought..... once you start to get into personal finance it becomes quite the rabbit hole LOL!
and last but not least another Warren Buffet quote : when asked by the media what will the market do? he always responds " the market will go up and the market will come down but when others are crying... you better be buying"
what that means is I get happy when the market starts to tank... because Im in it for the long haul.... a down market means im buying at a discount.
Dave Ramsey millionaire hours are very inspiring... and will help you stay motivated... wish you all the best... and glad to see all my Motown friends are sacking away something for the future! I'm gald my buddies will be able to retire and it also gives me hope. I just wish the goverment would learn how to balance a checkbook.
ShadowRuleZ
Club Member
Bogleheads is what I follow. Determine an asset allocation and stick to it, look at it once a year to rebalance and let it go.