Fidelity’s 15% savings milestone

[ETBen]

My 401k (and all my prior ones) are through Fidelity. I keep getting one of their auto emails that I should increase my contributions to 15% of my income. And on their website when I log in...

I can’t do tht bc it would putme over the IRS limit and we don’t have the option to contribute Roth on top of our 401k. Is this just a stupid thing on their standard mass emails? (I do have other monthly investments but not through fidelity).

[Indexer]

Yeah, it's just an automated stupid email.

Vanguard does the same thing to me. Anytime I change my contribution % it asks if I want to enroll in the automatic annual increase. The reason I have to change my contribution % is that I'm already maxing out the 401k so anytime I get a raise or bonus I have to lower the % so that I don't max it out before my last paycheck(and miss the match on that paycheck).

[maizefolk]

Yeah, I get similar mass e-mail, and sometimes hard copy, reminders from TIAA.

"At your current savings rate you are on track to have only XX,XXX per month to spend in retirement. Doesn't sound like enough does it? Go here to increase your monthly contributions." (Not a word for word quote as I'm writing from memory.)

Nevermind that 1) I'm maxing out what I'm legally allowed to contribute and 2) XX,XXX is significantly more than I make every month right now, before any savings, so yes, it does sound like more than enough.

[LightStache]

Yup, I unsubscribed from my email but that 15% is right there when I do my 401k contributions. Seem like unusual for Fidelity not to consider the many clients for which this advice could cause a forfeit of matching.

[ETBen]

I guess they don’t care. But it’s eeord t me bc they obviously know income and contributions to put an exception in the email.

On another note, my company changed the PTO policy paid us all out on it. Then sent an email that was basically “sorry we didn’t take out your 401k contribution but we will now make it up on your next paycheck”????  I’m going to max out either way but I get really annoyed when they f with my 401k lol