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Old 01-04-2010, 12:19 PM
 
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10% in 401k before taxes. 4% match. so 14% of income goes to 401k

then i save about 40-45% of after tax dollars in a savings account....trying to build up an emergency fund....so far, i have 10k which is about 3.5 months of expenses. once i have 20k saved, then i'll be saving for a remodeling project.
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Old 01-06-2010, 01:28 PM
 
Location: Missouri
6,044 posts, read 21,193,594 times
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About 10% after taxes for 2009, and the bulk of it will go towards paying for grad school eventually.
I start a new job in a couple of weeks that will pay better, and hopefully I can bump that number up.
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Old 01-07-2010, 04:10 PM
 
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About 18% for retirement plus about 4.5% for our daughter's college fund.
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Old 01-07-2010, 08:26 PM
 
Location: Imaginary Figment
11,457 posts, read 12,397,234 times
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Quote:
Originally Posted by Ron. View Post
What % of your annual income is considered a good amount to save/invest? I know the economy is not doing so well and peoples budgets have changed but in general what is a good amount to save/invest?

Also, I do realize everyone earns different amounts of money but let's keep it simple and post your views.

How much do you try to save/invest? 10%,20%, 50%, etc...................

I am saving roughly 20%, give or take, depending on what is going on.
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Old 01-07-2010, 11:33 PM
 
Location: Portland, Oregon
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27% to retirement (weird number I know, but includes match) in pretax.

After varies, anything over a set floor on my checking goes into savings, usually ends up to be at least 15% into regular savings. Then investment accounts goes another 10% including option trading and dividend reinvestment. My wife is back in school and draining some of the regular savings, but regular cash is still holding at 24 months expenses and increasing by more then what is going out.
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Old 01-07-2010, 11:40 PM
 
Location: Sandpoint, Idaho
2,880 posts, read 5,096,252 times
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The only relevant savings rate is post-tax, post-gov't withdrawals from paychecks, and after basic needs are taken careof.

After this, we save 20-30% annually. A few years ago it was 40%. This year, it will be 15% on account of family obligations.

S,
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Old 01-11-2010, 09:46 PM
 
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Including 401k matching, all of my saving/investing comes out to about 20% of gross pay per year. I get annual bonuses that vary, and I usually save at least 1/3 of those. Still leaves me plenty of money for fun experiences and toys.
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Old 01-12-2010, 01:26 AM
 
1,807 posts, read 2,345,577 times
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Quote:
Originally Posted by Sandpointian View Post
The only relevant savings rate is post-tax, post-gov't withdrawals from paychecks, and after basic needs are taken careof.

After this, we save 20-30% annually. A few years ago it was 40%. This year, it will be 15% on account of family obligations.

S,
I'm curious as to why you say that the only relevant savings rate is post tax. Aren't taxes a non-discretionary expense too? If you are contributing to a 401K (or similar tax deferred account), is it really accurate to add this amount to how much you are saving "after taxes" since those savings have a higher adjusted value because they are taken out "before taxes?" I was actually thinking the opposite of what you said, which is that the only relevant savings rate is the amount of your gross income that you save. Tell me what I'm missing.
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Old 01-12-2010, 01:58 PM
 
Location: Portland, Oregon
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I don't see how only post tax counts for anything. For every $1,000 I put into pre-tax accounts, the tax bracket you are in funds part of that (20% bracket, ~$200 of that is funded by tax savings). Even more for matching into those accounts, free money going in and tax free coming out. If you save enough to put you under the brackets, you can save even more in total taxes.

Seems like a winning solution to me.
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Old 01-10-2012, 07:04 PM
 
Location: DFW
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Before taxes? About 25 - 30%
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