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Thread: Retirement Savings

  1. #1
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    Default Retirement Savings

    What kind of percentage are you guys putting away for retirement out of each check? And what do you think is a good percentage to be putting away to live comfortably later? And do you primarily use a ROTH IRA or a 401K?
    -Christian LRRS/CCS #856 ECK RacingGMD Computrack Boston | Pine Motorparts/PBE Specialists | Woodcraft | Street & Competition | OnTrack Media

    2011 Pit Bike Race CHAMPION!

  2. #2
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    15%.

    Roth IRA until you max it out. Utilize a 401k only if your employer offers a match.

  3. #3
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    Windsor, CT
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    I'll be following this thread. Disney matches an absurd amount of money and I'm kind of pissed at myself for not jumping on it from the get go.
    LRRS AM#721 / RSP Racing / Mad Scientist Moto / MTAG Pirelli / Woodcraft / Sportbike Track Gear / GMD Computrack Boston / Knox / Moto Pizza

    2003 Honda CBR600RR
    2009 Kawasaki ER6N
    2007 Kawasaki EX650

  4. #4
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    Wolcott CT / Tuxedo NY
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    Default

    What ever your company will match

  5. #5
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    Quote Originally Posted by ilikenapalm View Post
    15%.

    Roth IRA until you max it out. Utilize a 401k only if your employer offers a match.
    Is this because you are guessing that taxes in the future will exceed the potential income of the investment?
    -Christian LRRS/CCS #856 ECK RacingGMD Computrack Boston | Pine Motorparts/PBE Specialists | Woodcraft | Street & Competition | OnTrack Media

    2011 Pit Bike Race CHAMPION!

  6. #6
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    Jul 2008
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    Seymour, CT
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    currently saving for a house, but just 5% into 401k.
    -Darek

  7. #7
    Join Date
    Dec 2007
    Location
    Oxford
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    5% matched.
    Wish I could do more.. but cocaine is a helluva drug.

    Quote Originally Posted by Marduk View Post
    I am slow, Yev is completely incompetent, and you are an asshole.
    Set the bar low, Ian. Always set it low
    Slow Is Smooth…Smooth Is Fast

  8. #8
    Join Date
    Oct 2006
    Location
    Meriden
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    Call me Smutty... You too Brendan.

    This is what I do.
    LRRS/CCS Amateur #514 / RSP Racing / Woodcraft / MTAG Pirelli / Dyno Solutions / Tony's Track Days / Sport Bike Track Gear / 434racer / Brunetto T-Shirts / Knox / GMD Computrack

    Quote Originally Posted by Mr. Kurtz View Post
    This place is about as family friendly as donkey porn.
    Quote Originally Posted by nhbubba View Post
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  9. #9
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    Meriden
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    Quote Originally Posted by ilikenapalm View Post
    15%.

    Roth IRA until you max it out. Utilize a 401k only if your employer offers a match.

    Shitty advise... May work for a very few, but not the masses.
    LRRS/CCS Amateur #514 / RSP Racing / Woodcraft / MTAG Pirelli / Dyno Solutions / Tony's Track Days / Sport Bike Track Gear / 434racer / Brunetto T-Shirts / Knox / GMD Computrack

    Quote Originally Posted by Mr. Kurtz View Post
    This place is about as family friendly as donkey porn.
    Quote Originally Posted by nhbubba View Post
    Noel is my hero

  10. #10
    Join Date
    Apr 2010
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    On a boat
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    Default

    I should prolly start a deferred comp program... I can't start paying into my retirement until 25.
    Sold.

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