(Closed) Age and 401K Contributions

posted 8 years ago in Money
  • poll: How much money do you have in your 401K?
    0-$5K : (43 votes)
    34 %
    $5-10K : (19 votes)
    15 %
    $10-20K : (22 votes)
    18 %
    $20-30K : (12 votes)
    10 %
    $30-50K : (12 votes)
    10 %
    $50-75K : (7 votes)
    6 %
    $75-100K : (4 votes)
    3 %
    $100-150K : (2 votes)
    2 %
    $150-200K : (1 votes)
    1 %
  • Post # 3
    Hostess
    18637 posts
    Honey Beekeeper
    • Wedding: June 2009

    My current account has less than $2k because I have only been there 6 months but my account from my old job has over $10k.  I’m 23.

    Post # 4
    Member
    3521 posts
    Sugar bee
    • Wedding: December 2010

    I don’t think I even have one. I’m 21.

    Post # 5
    Member
    14183 posts
    Honey Beekeeper
    • Wedding: June 2009

    Between 5 and 10K….i’m 24 but only started contributing to mine about a year ago. I have a nice excel sheet at work that tells me how much I’ll have in there by the time i’m 50 🙂

    Post # 7
    Member
    500 posts
    Busy bee
    • Wedding: June 2011

    I just turned 28, I think i have about 23k in mine. I haven’t checked in the past few months because I hate watching it when gains/losses (especially losses) are posted. 

    Post # 8
    Member
    77 posts
    Worker bee
    • Wedding: March 2011

    I have about 70k and I am 30.

    Post # 10
    Member
    500 posts
    Busy bee
    • Wedding: June 2011

    I’d also be interested in hearing about everyone’s investing style. I know that’s not the purpose of this post, but are you all aggressive or more conservative. I’m in that whole “Auto Pilot” mode that invests based on my age/target retirement date. 

    Post # 11
    Member
    1251 posts
    Bumble bee

    I am 24, and I only have about $2k in my 401K because I can contribute at my summer job. I am still in college though, almost finished! 

    Post # 13
    Member
    2237 posts
    Buzzing bee
    • Wedding: September 2011

    I’m 22, it’s hard to say how much I have in mine until I get my quarter end mailing.  It’s probably around 10k at this point.  I contribute 6%, my company matches 4%, I’ve been contributing since May and my portfolio has actually done really well.

     

    @souliganprincess: I actually work for an Investment Firm, so we have a lot of options for our 401k.  Since I am so young, I have a lot of risk in my portfolio.  One of the people I work with helped me put it together, and so far it has worked out great!

    Post # 14
    Hostess
    18637 posts
    Honey Beekeeper
    • Wedding: June 2009

    @nadia_2: I started working full time at 21 so that’s contributions from 2 years.  I put in 10% of my pay and got a match of 5%.  Right now we are only putting in 5% and get a match of 5% but we want to up it at the end of this year.

    We are pretty agressive, we have no money in bonds and a decent percentage in international funds.  We also both max out our Roth IRAs every year.

    Post # 15
    Member
    10366 posts
    Sugar Beekeeper
    • Wedding: September 2010

    My husband and I have about $62,000 in ours. I’m 27. I’ve only been in the job market a year and a half, so only about $16,000 of that is mine. Almost all of it is in diversified US and international stocks right now – it’s grown by leaps and bounds as the stock market has recovered in the last 2 years!

    Post # 16
    Member
    948 posts
    Busy bee
    • Wedding: May 2011

    I’m 29 and have between 35-40k with my Army TSP and my current 401K.  I’m super conservative with investing and I’m probably making nothing additional beyond what my job matches (5%).  I can stomach paying 1k on my wedding shoes, but I can’t stomach losing 1k in the stock market, so it’s mostly in money markets.  By the time I retire I’ll have 2 pensions, which helps me be okay with not investing more than I’m comfortable with.  

    The topic ‘Age and 401K Contributions’ is closed to new replies.

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