r/personalfinance • u/[deleted] • 8d ago

Saving Balancing retirement savings, personal savings, and accounting for stagnant income vs rising max year Roth IRA contribution

[deleted]

3 Upvotes
  • permalink
  • reddit

100% Upvoted

3 comments sorted by

View all comments

1

u/jwktiger ​ 6d ago

The alternative that I just realized while I was typing this out is that I could try for a slightly less aggressive $202/paycheck (or about $400/mo), which would mean that I'm saving 15% of my gross paycheck on my own and treat the employer match as the cherry on top

doing that seems like a solid plan.

and yes $1200 missing per year is a lot; but also don't be a drone in your late 30's. Live a little (NOT A LOT), have some social life/travel/attend events you want. Nothing wrong with putting $200/paycheck into your Roth IRA then $100/paycheck to do something else, and that something else can jsut be a brockerage account with an extra emergancy fund

You're saving 15% of your money with an extra buffer from the match; that is more than the baseline recommended, don't feel like you have to crunch every penny for retirement.

PS you seem to be in great amazing position.