401k

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What's the Ideal percentage to contribute towards 401k to earn maximum benefits?

cp21 · Apr 25, 2016 5:10 PM · 3,321 views

2 Replies

If your are younger than 60 yrs old, you can contribute up to 18000, that will be non taxable now, over 60 you can contribute up to $ 24000. If I were your financial planner , without knowing your Income level, your tax liability , mandatory expenses and tentative saving , it will not be easy to advise .

MaGorkhe1 · Apr 25, 2016 6:41 PM

before going into detail and to keep long story short.....contribute only what the company match. if company does not match...go with Roth IRA.

santa lil helper · Apr 26, 2016 7:56 AM

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