Upped 401K contributions to 25%

**cantretire** · 09-20-2008, 04:24 PM

I want to up mine up to 25 as well, but I still need $ to eat!!!

**Broken Arrow** · 09-20-2008, 07:43 PM

Hey, congrats! That's really a high percentage.

**kork13** · 09-20-2008, 08:36 PM

I'm focusing on finishing off my car loan at the moment (just 1-2 months left, ~$1500), but I did still decide to up mine from my originally-planned 6% to now being 10%. It's only an extra $100 anyway, but hopefully I can just leave it that way for a while and let it build. This will actually be the absolute start of mine (first contribution ever goes in on 1 Oct), so I guess that's mostly good news for me... I'm definitely starting out with a good opportunity for gain.

I'm actually focusing my retirement savings toward my Roth, but unfortunately I've already maxed it for this year...

**corolla02** · 09-20-2008, 08:37 PM

Very smart idea if you can afford it.
Myself contribute all together $105 weekly including the company match since 01/01/09.

**jIM_Ohio** · 09-21-2008, 03:25 AM

25%- will you hit 15500 max before Dec 31?

**gekkoplus** · 09-22-2008, 03:45 PM

So far I contributed $7500 into my 401K this year. This does not include employer match. Still 3 months go, with 25% I can contribute around $6K. So I won't be maxing out my 401K.

**FrugalFish** · 09-22-2008, 04:43 PM

Wow! WTG!

My DH may get a surprisingly substantial raise in a few weeks, and if he does, I'm planning to up his 401K a bit. Not quite as well as you are though!

Buy them bargains!

Upped 401K contributions to 25%