Comments for My Money Design http://www.mymoneydesign.com Designing Financial Freedom Thu, 30 Oct 2014 14:00:01 +0000 hourly 1 http://wordpress.org/?v=4.0 Comment on How Much Should I Put in My 401k Plan? My Surprising Answer by fervent finance http://www.mymoneydesign.com/personal-finance-2/retirement/how-much-should-i-put-in-my-401k/#comment-51059 Thu, 30 Oct 2014 14:00:01 +0000 http://www.mymoneydesign.com/?p=7984#comment-51059 Max that ish out! No excuses.

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Comment on How Much Should I Put in My 401k Plan? My Surprising Answer by Jon @ Money Smart Guides http://www.mymoneydesign.com/personal-finance-2/retirement/how-much-should-i-put-in-my-401k/#comment-50928 Wed, 29 Oct 2014 23:58:03 +0000 http://www.mymoneydesign.com/?p=7984#comment-50928 I usually tell people to save at least 15% when they ask me. Most times I get a look back along the lines of 15% is way too much money! I learned a long time ago that I never miss the money that gets taken from my paycheck. I learn to live on what is left over. This is why I make sure to pay myself first with all of my investing/savings. I save first and learn to live on what is left over.

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Comment on How Much Should I Put in My 401k Plan? My Surprising Answer by Bex http://www.mymoneydesign.com/personal-finance-2/retirement/how-much-should-i-put-in-my-401k/#comment-50880 Wed, 29 Oct 2014 18:25:56 +0000 http://www.mymoneydesign.com/?p=7984#comment-50880 The small company I work for doesn’t offer a 401k so I don’t have the option of saving $18k/year pre-tax! boo hoo. But I do have a Roth IRA with automatic transfers from my checking the monday after my paycheck clears on track to max out the Roth. I think that’s about all I can afford to save at this point but I guess in the future I’ll have to open a taxable investment account….?

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Comment on How Much Should I Put in My 401k Plan? My Surprising Answer by Jayson @ Monster Piggy Bank http://www.mymoneydesign.com/personal-finance-2/retirement/how-much-should-i-put-in-my-401k/#comment-50796 Wed, 29 Oct 2014 11:19:06 +0000 http://www.mymoneydesign.com/?p=7984#comment-50796 I and my wife have maximized two IRAs. Basically, we are hoping that the sooner we plan for retirement the better and more secured we will get. We are boosting any means to reach our ideal retirement savings.

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Comment on How Much Should I Put in My 401k Plan? My Surprising Answer by MMD http://www.mymoneydesign.com/personal-finance-2/retirement/how-much-should-i-put-in-my-401k/#comment-50520 Tue, 28 Oct 2014 10:31:26 +0000 http://www.mymoneydesign.com/?p=7984#comment-50520 That part makes no sense to me. Some people are willing to work overtime or weekends just to make a few extra bucks. But then when it comes to the 401k match they pass it up. I think I would dig pretty deep to do whatever I have to do to get the full amount.

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Comment on Good Scary Movies to Watch this Halloween – 2014 Edition by MMD http://www.mymoneydesign.com/lifestyle/popular-trends/good-scary-movies-to-watch-2014/#comment-50519 Tue, 28 Oct 2014 10:29:35 +0000 http://www.mymoneydesign.com/?p=7959#comment-50519 Thank you. Correction made.

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Comment on How Much Should I Put in My 401k Plan? My Surprising Answer by MMD http://www.mymoneydesign.com/personal-finance-2/retirement/how-much-should-i-put-in-my-401k/#comment-50518 Tue, 28 Oct 2014 10:29:10 +0000 http://www.mymoneydesign.com/?p=7984#comment-50518 The debate about Traditional or Roth is always a tricky one because no one really knows what our taxes will be like in 10, 20, or even 30 years. You can see all the historical ones here at this link, but that doesn’t take into account upcoming unpredictable events like wars, recessions, etc.

I do know that if taxes don’t change and your standard of living stays about the same, then the Traditional does mathematically work out to be the better deal. Read my post here. But again everyone’s situation is just a little bit different and a Roth could still fit yours better.

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Comment on How Much Should I Put in My 401k Plan? My Surprising Answer by MMD http://www.mymoneydesign.com/personal-finance-2/retirement/how-much-should-i-put-in-my-401k/#comment-50515 Tue, 28 Oct 2014 10:22:55 +0000 http://www.mymoneydesign.com/?p=7984#comment-50515 Thank you!

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