Probably 95% of the people here know the answer to this question, but I do not..
After my wife and I hit our next financial goal (bringing ~$40k to the table to refinance and get rid of PMI), we would both like to max out our 401k's. What's the best method of doing this? Does employee match count towards the $17,000?
Lets use my salary as an example..
I make $47,875 before taxes
My company matches a full percent up to 4%, then .5% up to 6%.. so effectively they match 5% as long as you're putting in at least 6%.
Ideally I dont want to hit the max before the end of the year because I want to take advantage of the match every single paycheck, correct?
What percentage should I be putting towards retirement, and why?