Comments on: What does maxing out retirement mean? http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/ Thu, 13 May 2010 17:59:11 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Bas http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/comment-page-1/#comment-14945 Bas Tue, 12 Jun 2007 15:08:08 +0000 http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/#comment-14945 'Unfortunately' I make too much for a Roth IRA, so I'm doing as much as I can to max out my retirement savings, which, as others have mentioned, is in the 19K range, my company matching some of my 401k investments. I am guilty of not tracking my previous 401k plans closely, as I never rolled them over into my current one. I could probably get a better return rate on them than I'm currently getting with them being in their own plans. ‘Unfortunately’ I make too much for a Roth IRA, so I’m doing as much as I can to max out my retirement savings, which, as others have mentioned, is in the 19K range, my company matching some of my 401k investments. I am guilty of not tracking my previous 401k plans closely, as I never rolled them over into my current one. I could probably get a better return rate on them than I’m currently getting with them being in their own plans.

]]> By: Lazy Man and Money http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/comment-page-1/#comment-14925 Lazy Man and Money Tue, 12 Jun 2007 01:22:02 +0000 http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/#comment-14925 Typically it's the 19000 range for me as well. I don't count things like spousal Roth IRAs or HSAs (don't have one). The two things that I count are 401k and Roth. When the gov't says I can't put any more money in them, I call it "maxed out." Typically it’s the 19000 range for me as well. I don’t count things like spousal Roth IRAs or HSAs (don’t have one). The two things that I count are 401k and Roth. When the gov’t says I can’t put any more money in them, I call it “maxed out.”

]]> By: bluntmoney http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/comment-page-1/#comment-14921 bluntmoney Mon, 11 Jun 2007 22:45:45 +0000 http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/#comment-14921 Wow, that's some serious retirement savings. I wish I could say the same! Wow, that’s some serious retirement savings. I wish I could say the same!

]]> By: broknowrchlatr http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/comment-page-1/#comment-14913 broknowrchlatr Mon, 11 Jun 2007 19:42:46 +0000 http://www.bluntmoney.com/what-does-maxing-out-retirement-mean/#comment-14913 I am probably guilty of overusing and over-generalizing things using this statement. Normally, I am referring to what you with any money you have available after you contribute that ammount (which for me is nearly nothing extra). In that case, I am referring to a person maxing out the tax advantaged plans that they have available to themselves. For me, maxing out means this: 1) $15500 to my 401k 2) $4000 to my ROTH IRA 3) $4000 to a spousal ROTH IRA for my wife 4) $5650 to an HSA (which I considder retirement savings because I avoind spending out of it) So for me, the 2007 ammount is $29,150. As such, it gets pretty much impossible to save more than that. I am probably guilty of overusing and over-generalizing things using this statement. Normally, I am referring to what you with any money you have available after you contribute that ammount (which for me is nearly nothing extra). In that case, I am referring to a person maxing out the tax advantaged plans that they have available to themselves. For me, maxing out means this:

1) $15500 to my 401k
2) $4000 to my ROTH IRA
3) $4000 to a spousal ROTH IRA for my wife
4) $5650 to an HSA (which I considder retirement savings because I avoind spending out of it)

So for me, the 2007 ammount is $29,150. As such, it gets pretty much impossible to save more than that.

]]>