Do you max out your retirement funds?

posted 3 years ago in Money
  • poll: Which retirement funds do you normally max out?
    401 K/403 B (USA) : (45 votes)
    27 %
    IRA - Roth, Trad, or Simple (USA) : (31 votes)
    19 %
    SEP IRA (USA, self employed) : (3 votes)
    2 %
    RRSP (Canada) : (8 votes)
    5 %
    TFSA (Canada) : (10 votes)
    6 %
    I make contributions, but I don't max out any accounts : (58 votes)
    35 %
    Retire-what? : (12 votes)
    7 %
  • Post # 3
    2861 posts
    Sugar bee

    I wish! Wet don’t have the income for that right now. 

    Post # 4
    3275 posts
    Sugar bee
    • Wedding: January 2014

    I voted for “I make contributions, but I don’t max out any accounts” but we are hoping to max out both of our individual Roth IRAs this year. Assuming we can sublease our Manhattan apartment this summer, and assuming I get the summer hours I usually do at my part-time job, it should be totally within reach!

    Post # 5
    923 posts
    Busy bee
    • Wedding: June 2015

    I suggest anyone with company match at least put away that percentage. My company will match up to 4% of my income. Each month I put on 4% and they put in 4%. Combined, it ends up being around $500 monthly but once I am debt free I plan to up my contribution to 10%. I can’t afford any other retirement savings currently, but being in my early 20s, SOMETHING is better than nothing. 

    Post # 6
    1904 posts
    Buzzing bee
    • Wedding: June 2012 - Franklin Plaza

    I do make contributions, but I don’t max it out YET. It’s a goal I’m working toward though and each year I increase my contribution percentage.

    Post # 7
    3729 posts
    Sugar bee
    • Wedding: July 2013

    @cbgg:  Both DH & I max out our 401ks and have some employer match

    Post # 8
    14822 posts
    Honey Beekeeper
    • Wedding: June 2011

    DH can’t max out as it’s not a normal company retirement, it’s a union pension and he contributes heavily to his annuity. I’ve always maxed out when I’ve had jobs that offered retirement then when I left just rolled those funds over to my private fund. We’re big on saving every dime we can as we’re only 15 years out, I’m now kicked out of getting his pension if he dies so I’ll rely solely on the annuity, and we want to retire comfortably (which we will).

    Post # 9
    3058 posts
    Sugar bee
    • Wedding: February 2015

    I contribute to my 401k up to the match my employer gives, 6%. That’s it right now. We could probably contribute to the IRA max but def not the 17,500 that’s the 401k max!

    Post # 10
    3083 posts
    Sugar bee
    • Wedding: July 2014

    @cbgg:  I max out my roth and put money into a 403b plan at work (like a 401k but for not for profits). 

    Eta: my employer doesn’t match, but I do get a pension that I don’t need to put any money into. So i contribute to my 403b on top of that. 

    Post # 11
    561 posts
    Busy bee
    • Wedding: May 2014

    I max out my ROTH IRA every year.  my employer matches 401k contributions up to  6% of my salary so I contribute 6% so i can get the full matching amount.  I don’t do any over but this year I may max it out.


    Post # 12
    5664 posts
    Bee Keeper
    • Wedding: August 2012

    what exactly do you mean by max out? I mean we both max out our company matches but no we don’t even come close to the 17k maximum the IRS allows a person to contribute every year. I can’t fathom even being to afford that!

    Post # 13
    1918 posts
    Buzzing bee
    • Wedding: April 2012

    I max out my 401k with the $17.500 contribution and also contribute $5,500 to my Roth IRA.  It brings me down a tax bracket.

    My employer contributes 3% to my 401k.

    Post # 14
    561 posts
    Busy bee
    • Wedding: May 2014

    it’s pretax!  




    Yeah ti’s a lot.  But a roth is maxed at 5k a year, way easier to max out 🙂

    Post # 16
    561 posts
    Busy bee
    • Wedding: May 2014

    hah!  how many years ago did that happen?  I have missed out. 😉




    Last year I actually only contributed 3k.  i bought a house and didn’t really have the capital to throw in.  

    Of course, I can toss in some more between now and april and probably will. 

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