How Much Of Paycheck To Put In 401(k)?

Q: I am just starting a 401(k) with 100 percent matching funds from my employer. I am 45 years old and am wondering what is the best percentage of my paycheck to invest?

A: I don’t know how long you’re planning to work, but I’d put in as much of your paycheck as you can spare, certainly up to the amount of the match.

Since you’re 45, you don’t have as many years to have that cash grow. So, more is better.

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