Quote:
Originally Posted by Mike Lowe
We've gotten to the point where we know we will go 6% to get the full company match (.50 to a dollar) but nothing more until we get more of a match (2 years).
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It's been recommended to me to increase my 401k contribution percentage each year when it comes time for my annual raise, anyway. I've done this for the 5 years I've worked at my company and found it to be the perfect time, as with the raise, it's it's not like I end up "missing" the money.
Edit to clarify: I don't up my contribution by the entire amount of my raise, but I up it by a little. That way, I still get a bigger paycheck but also contribute just a bit more.
I am also young (30 now) and have a somewhat risky portfolio...the thought being that if it tanks, I have time to make it back up. I'll do that for a bit longer then re-arrange it into safer options that earn less but are more stable.
/tk