Deleted
Joined: Nov 22, 2024 2:13:52 GMT -5
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Post by Deleted on Jan 13, 2011 12:56:53 GMT -5
It keeps out of a higher tax bracket...  That is my plan for the both of us... since we are DINKS we don't have much to deduct from our taxes. So contributing as much as we can to keep our income out of a high tax bracket seems the next best thing. |
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Post by threadbndr on Jan 13, 2011 13:21:02 GMT -5
Wow, made it over here. I've been a bit of a lurker since the new job started. I ended up taking another position with the company, so I have a commute instead of a job move...... Still better for me, I think, and MUCH better for my family.
Re the question of the day.
Employer match 1 for 1 up to 6% of compensation (including OT for hourly and bonus for salary).
Two tier pension, depending on when your hire date was: I'm grandfathered into the traditional pension. And I have a tiny pension from a former employer (only about $130 a month, but it's pocket change LOL).
I just upped my contribution to 8% due to the tax holiday. I've always put in enough for the match. I contribute to a Roth outside the company.
I participate in the ESSP, and have some non-tax advantaged savings, too. All in all I save a bit over 17% into accounts that I don't plan to tap (and I also fund escrow accounts for vacation, repairs, property tax, vet bills, etc).
I'm about 11 years out from full SS retirement age, but I may work longer if the job is still interesting and I'm capable.
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Post by kygirl on Jan 13, 2011 19:50:13 GMT -5
My company matches 100% of the first 3% and then 50% of the next 3%, so a total of 4.5%. I I put in 6% and then max out my Roth. I used to put in more, but I'm trying to diversify better.
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