Hello, longtime lurker but not poster. I am curious about what percentage of your pre-tax salary you save? Ive been working for around 6 years now -- I just did a rough calculation based on my earnings and what I have in savings (bank, stocks) as well as what I have in retirement accounts and I come out to saving about 20% of my total pre-tax income. This does not include equity I have in my house -- just liquid assets such as savings, checking, CDs, stocks, 401k, etc.
What percentage of your pre-tax salary do you save each year or each month?
... according to MS Money, it's about 34-42%, depending on what period. Not bad considering half of my take-home is spent on rent. (no kids of course).
With 401k contribution (5%) and employer match (also 5%) I'm actually saving 34% of pre-tax income. Thanks for bringing this up OP... it's an interesting topic that I haven't looked at in quite this way before.
Not sure about aftertax % but I do max out two Roth's and have started putting more money into general savings. Will put more in the coming year as I now have finished paying off my house (January) and car (February). . If I were guessing, I would say that the Roth's and savings account for about 12 to 15% additional.
We save about 23% of pre-tax income. We would like it to be more, but my wife is now a stay-at-home mom. We used to save her entire salary, so our savings rate has been more than halved.
I would say we save about 20% but I was the only earner so far. My wife will start working in next couple of weeks and we hope to save more. No kids here
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