Post Number: 3126
|Posted on Thursday, September 17, 2020 - 9:40 am: |
401k amounts ups and downs potayi gaa anduke never took it seriously.
No. Miru stock related funds lo pedithe pothaayi. Just govt bonds or cash lo pettukovachu with 1% interest etc. Money is 100% safe irrespective of the market conditions. As Fan1 said in the his post, you are loosing money by not singing up.
How much to contribute?: I do the maximum amount allowed by IRS. $25,000/- this(I think).You dont need to pay tax on that. That means you are saving $8250/- only on federal tax. if your employer contributes about 5,000-, you are saving $13,200(all are hypothetical numbers and may change with your contribution)