What is your YOE and 401k Contribution % (before match)?
YOE - 5
Contribution - 9% (before match)
9 replies (most recent on top)
Hehehe, you said “backdoor.”
14 YOE. 20% before the match for the first 10 years, then 16% for the last 4. Usually max out the direct tax advantaged contribution by the middle of the year now and then do the in-plan conversion of after tax to Roth for everything left over. These days I also save roughly another 20% in a brokerage account since I'm probably going to get replaced by a someone at a low cost tech center well before I hit actual retirement age.
I’ve historically done 10% + company match, but I’m about to max + back door it. I wish I had maxed out from day one but I can’t make up for the lost years. I can however course correct now and (hopefully) for the next 10 or so years 🤷
9% and max backdoor rollover
Max it out. Your future self will thank you
I max out the pre-tax limit (which for my salary is 8-9%). Post-tax I want better options than our 401k has available.
With what exxon pays you should be able to max out the pre tax contribution. Make this a priority in your spending.
20% since day 1 (age 22).
YOE or YEE?
Max it out to 20 percent and do max IRA as well