401 K

I just got a new job. How much of my income should I dedicate to my 401K?

  • As a rule of thumb, a person should have saved 1 times salary by the time they are 30, 3 times by 40, 5 times by 50, and 10 times salary by the time they retire.
  • Contribute the annual max to a Roth IRA if you are eligible.
click on an answer to make your choice and see how others voted.
anonymous Asked on February 25, 2015 in Money & Finance.