How much % one should give in 401k in monthly pay check?
Got it, thanks.
Yearly limit / 24
At least, the amount that will give you the most match from the company.
As much as your company will match and if you need to reduce taxable income try to max it out.
More than the company match. Google and read about Mega Backdoor Roth.
Can all the mega backdoor Roth people please stop. It’s not the right answer for everyone. Most people CANT AFFORD TO MAX their 401k
If you can afford max do the max you can make like 50k in two years by just not looking at and constantly saving like 16k a year
100%
Fuck the IRS, I put away 🌲fiddy every paycheck pre-tax!
Maximum + more if you can thru Mega Backdoor method
Max!
The most you can