How Much Do I Contribute to My 401(k) If There’s a Match?
Listen to how ordinary people built extraordinary wealth—and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, Anthony ONeal and John Delony….(read more)
LEARN MORE ABOUT: 401k Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Dave said matching portion cannot be Roth? What does that mean?
I thought matching was if I invest 5k into my 401k boss puts 5k too? I’m a total rookie someone correct me
My company has a 401k match, and also a roth 401k. Do I max the 6% match and then do 9% roth401k?
Put everything on your Roth! 15% then get your 3% match that goes in the traditional 401K. That’s what Dave says
So did he recommend roth 401k over the traditional 401k?
Investments is the best way to find balance between saving and living, This way
you have your savings
intact and then live comfortably off the revenue coming in from your investments.
Financial freedom is possible, you just need to know what to do
and when to do it. I am a living testimony.
THE SECRETE TO MAKING MILLIONS IS SAVING FOR A BETTER INVESTMENT. I ALWAYS TOLD MYSELF
I DON'T NEED A NEW MASERATI OR AN EXPENSIVE VACATION JUST YET. THAT SINGLE MINDSET
HELPED ME TO MAKE MORE MONEY INVESTING. I MAKE STEADY WEEKLY PROFIT BY
INVESTING THROUGH A PORTFOLIO MANAGER, SUZANNE STEPHENS ELLIS.
IT IS GOOD TO HAVE MORE THAN ONE STREAM OF INCOME.
In put 15% on my traditional 401K. My earnings today are $135M per year. I will retire at 59 and my final year I will work at Target for only 1 year until filling my taxes. I will be on a way lower bracket before I take my money from my 401K
What is the constribution if there is no match and my house and cars are paid off?
Roth 401k isnt better all the time – traditional is actually a better option if you are a higher earner as it drops your tax bracket and then later one when you hit retirement you are most likely earning less so will be in a much lower tax bracket. sometimes I wonder about Dave's advice
My company has both a 401k match & a pension.
I’ve always been confused as to whether Company Match happens if you’re investing into a Roth 401k, or if it’s only for Traditional 401ks.
What happens when you quit a job where u had your 401k ? Im 23 been having one since I was 18 and I recently put my two weeks to focus on school so I won’t be working for a while. Someone help me 🙁
So, my company has a traditional 401k that has a match and they have an additional second structured Roth portfolio that can additionally be used. I think that was what he asked, if he should put 15% in the Roth portfolio and another additional 15% in the traditional 401k that has the match. Do you recommend max those out in baby step 4, or later in 6 or 7?
Can't wait to do my debt free scream
So if the company matches 6%, then put 6% into the 401k and 9% into the roth401k to make 15%? Won't that mess with the compounding of the roth401k?
This guy is fountain of misinformation. Roth is better than traditional? Yikes.
One of the great things about a 401k over pension is the money you didn’t spend can be passed on to the next generation.
should've been roth three years ago, now those millions about to be over the top TAXED
I have a generous pension and also have a matching 401k through the government. If I am maxing out my 401k at $19,500 and also have my pension is that overkill?? Most people have to rely on just a 401k but I have both and since we also pay into Social Security I have 3 income streams in retirement.
Retired Navy Senior Chief – retired at 40 twenty years ago with an "old school" military pension. With six deployments it was a challenging career, but I thank the Good Lord every month when that direct deposit hits.