50% 401k contribution

[felizcortez]

Bumped up my 401k contribution to 50% of my paycheck (maximum allowed).  I'm trying to front load it and should have the full limit for the year funded within 3 months.

[PARedbeard]

Congrats! That's quite the feat!

[terran]

One thing to look into is how any matching your employer provides works. Some employers will only match x% of your salary for that paycheck and only while you're contributing, so if you max out before the end of the year you might lose some of your match. If this isn't how your employer handles matching, then good plan!

[Gone Fishing]

Right there with you!  Our matching continues as long as your contribution percentage is still set >0% regardless if you have maxed out on the personal contribution side. 

[Cougar]

congrats !

if you max it out doing 50%, i did mine last year doing the same before the year is up; you might try and put what you are getting in your paycheck after it is maxed in your 401k into an index etf or bond fund etf depending on which way the mkt is headed.

i mean if you can save 50% for some of the year, why not all of the year ?

[felizcortez]

One thing to look into is how any matching your employer provides works. Some employers will only match x% of your salary for that paycheck and only while you're contributing, so if you max out before the end of the year you might lose some of your match. If this isn't how your employer handles matching, then good plan!

I already checked this they continue to pay the match over the year even after you hit the yearly contribution limit.

[felizcortez]

congrats !

if you max it out doing 50%, i did mine last year doing the same before the year is up; you might try and put what you are getting in your paycheck after it is maxed in your 401k into an index etf or bond fund etf depending on which way the mkt is headed.

i mean if you can save 50% for some of the year, why not all of the year ?

We saved over 50% of our income last year as well.  Just trying to front load.  Each paycheck has a 401k contribution, an ESPP contribution, and then I also invest in an after tax account twice a month.