|
|
Viewing the 'Retirement' Category$100k in Retirement!April 3rd, 2024 at 06:20 pmWe have finally crossed the $100,000 milestone in our 401k and Roth IRAs! Maybe not much to some, but it seems like a big accomplishment to us. Hopefully, it will continue to compound and build even faster from here on out. In January 2019 we only had $30k so we have increased it quite a bit in the last 5 years.
Made a 401K MistakeNovember 30th, 2023 at 02:54 pmFrom what I understood my husband's work would 100% match the first 1% you contributed and then 50% match up to 5%. But going through our retirement accounts yesterday for the end of the month I noticed that it said 50% up to an additional 5% contribution. So a total of 6% to get all the employer matching. Ugh!
That means we have been missing out on free money all this time. I am wondering if they didn't change it at the last union contract because I originally thought it was 100% up to 3% and then 50% up to 5%. But who knows. I immediately upped our contribution to get the max matching. They also contribute an additional 2.5%-ish in a lump in Decemeber. So we will be up to 12% in his Roth 401K a year plus we put 5% in my Roth IRA. 17% isn't great but isn't terrible. Thankfully we have time on our side and everything is Roth so tax free in the future. Retirement Savings & Secondary IncomeJanuary 26th, 2018 at 04:16 pmHusband's work finally has the profit sharing switched over to a Vanguard 401k. Hallelujah. We can now see that we have $12,900 in the account. He is currently contributing 3% and they are matching. 401K with Matching!December 4th, 2017 at 09:10 pmHusband's job is going to be offering 401ks with Vanguard in 2018! How exciting! |