How much did you contribute to your 401k in 2017?

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DoubleR
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Re: How much did you contribute to your 401k in 2017?

Post by DoubleR » Wed Dec 13, 2017 10:05 pm

Max, I'm 43

gpburdell
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Re: How much did you contribute to your 401k in 2017?

Post by gpburdell » Wed Dec 13, 2017 10:36 pm

1) I contributed 18k and my company contributed ~9k.
2) 41

I've been maxing my 401k since early 30s.

Bacchus01
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Re: How much did you contribute to your 401k in 2017?

Post by Bacchus01 » Wed Dec 13, 2017 11:17 pm

Age 44 and 49

Me: $18k 401k, $10k NQ def comp
Her: $10k 403b, 100% of her pay
Both: $11k total to backdoor Roth
HSA: Max family, no withdrawals
529: $3,100 for each family member, so $15,500

After tax? More than the above combined.

Net Worth growth including contributions will come in around $500K

have24
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Re: How much did you contribute to your 401k in 2017?

Post by have24 » Wed Dec 13, 2017 11:26 pm

Me: $6,000 in simple IRA/401k and $5500 in Roth IRA
Wife: $4,200 in 403b (plus company match of $2,900) and $2,500 in Roth IRA
28 years old for both of us

Alchemist
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Re: How much did you contribute to your 401k in 2017?

Post by Alchemist » Wed Dec 13, 2017 11:41 pm

Max, age 30

slowbutsteady
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Re: How much did you contribute to your 401k in 2017?

Post by slowbutsteady » Thu Dec 14, 2017 12:17 am

Both max. 44 and 43
The tortoise wins every time I read that story.

gusan
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Re: How much did you contribute to your 401k in 2017?

Post by gusan » Thu Dec 14, 2017 12:25 am

Max, 43
Max, 38

HornedToad
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Re: How much did you contribute to your 401k in 2017?

Post by HornedToad » Thu Dec 14, 2017 12:40 am

Both: Max
I got ~$17k in employer match and my wife gets about ~$4k.

We don't bother with backdoor Roth IRA for now.

ages 35 and 32.

Maita
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Re: How much did you contribute to your 401k in 2017?

Post by Maita » Thu Dec 14, 2017 1:18 am

Contributed to 457 with old employer before I left on March 2017: $10,000
Maxed out 403b: $18,000

41 years old

Wish I could have maxed out my 457
Do not work for money, make your money work for you!

2Birds1Stone
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Re: How much did you contribute to your 401k in 2017?

Post by 2Birds1Stone » Thu Dec 14, 2017 1:37 am

$18k employee contributions
$4k employer match

30 years old.

Also contributed $5.5k to Roth IRA and $6,500 to HSA.

Luckywon
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Re: How much did you contribute to your 401k in 2017?

Post by Luckywon » Thu Dec 14, 2017 1:39 am

Solo 401k 60k total. (24k employee and 36k profit sharing)

Porter01
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Re: How much did you contribute to your 401k in 2017?

Post by Porter01 » Thu Dec 14, 2017 3:51 am

Me $55,000 contributions, safe harbor, profit sharing.
Wife $25,000

jlcnuke
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Re: How much did you contribute to your 401k in 2017?

Post by jlcnuke » Thu Dec 14, 2017 6:47 am

1. Will be $18k as of the paycheck on the 29th.
2. 40

msjohn07
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Re: How much did you contribute to your 401k in 2017?

Post by msjohn07 » Thu Dec 14, 2017 7:21 am

Max, 33
SO, Max, 29

Fripp
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Re: How much did you contribute to your 401k in 2017?

Post by Fripp » Thu Dec 14, 2017 8:46 am

Age 63

2017 contribution $18,000 + $6,000

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jabberwockOG
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Re: How much did you contribute to your 401k in 2017?

Post by jabberwockOG » Thu Dec 14, 2017 8:56 am

Last 2 years since retirement - $0. Doing Roth conversions from 401K at this point while living off of savings.

I contributed the max 401k amount possible every year since apprx 1985 when it became available where I worked. This practice was responsible for my being able to retire early with a reasonable degree of FI despite a minuscule to non existent pension plan from relatively crappy/greedy corp employers.

JohnFiscal
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Re: How much did you contribute to your 401k in 2017?

Post by JohnFiscal » Thu Dec 14, 2017 8:57 am

stoptothink wrote:
Wed Dec 13, 2017 4:32 pm
36 - would have been $18,000+ match but just found out a few minutes ago that they took 401k contributions out of our bonus and my last check of the year will take into account my annual review raise (two things which they did not do last year), so I am going to have to do some quick math to not overcontribute. Nice that I received another check with a match and a few extra dollars on the year's last paycheck, but it screwed up the plan.
Most payroll plans will (or should) automatically terminate 401K contributions once the cap has been reached. Just like they automatically terminate SS withholding once that cap has been reached.

katzmandu
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Re: How much did you contribute to your 401k in 2017?

Post by katzmandu » Thu Dec 14, 2017 8:58 am

Age 46

18000 + 6600 corp matching - 401K
5500 - ROTH

Grand Total: $30,100

Hopefully more next year via Mega Backdoor

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Boomer01
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Re: How much did you contribute to your 401k in 2017?

Post by Boomer01 » Thu Dec 14, 2017 8:59 am

$13,200 + $10,800 employee match

34

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samsoes
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Re: How much did you contribute to your 401k in 2017?

Post by samsoes » Thu Dec 14, 2017 9:01 am

$24,000. + 6% of salary employee match
$6,500 Roth IRA
54 years old.
"Happiness Is Not My Companion" - Gen. Gouverneur K. Warren. | (Avatar is the statue of Gen. Warren atop Little Round Top @ Gettysburg National Military Park.)

Jayhawk11
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Re: How much did you contribute to your 401k in 2017?

Post by Jayhawk11 » Thu Dec 14, 2017 9:21 am

34:

Me: $14,496.61
Matching: $ 6,362.84
Total: $20,859.45

Wife maxed.

I feel really bad about not maxing out, honestly. I am a government employee in a very HCOL and saving for a down payment on a house. Some of that retirement guilt is curbed by knowing that I got another year of pension accrual. Still... gotta do better next year.

lolbatross
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Re: How much did you contribute to your 401k in 2017?

Post by lolbatross » Thu Dec 14, 2017 10:39 am

His 33, Max + 11k match (~29k) [Good low cost options]
Hers 33, 6% + 3% match (~4k) [Bad very high cost options]
Total is about 33k for the year or ~19% gross including matches. We leave about 15k worth of tax deferred space on the table.

scotthew
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Re: How much did you contribute to your 401k in 2017?

Post by scotthew » Thu Dec 14, 2017 10:49 am

Age Mid-40's

about $33k in employer plan (max + employer match)
$5.5k in backdoor Roth IRA

rankl
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Re: How much did you contribute to your 401k in 2017?

Post by rankl » Thu Dec 14, 2017 11:31 am

38

401k 18000 + Employer match

For 401k I contributed ~ 9500 from bonus in Jan, rest spread out the year to the max

Planning to do same for 2018 ~ 10000 from bonus in Jan rest to max spread over the year

Basically front loading the contribution at the start of the year

victw
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Re: How much did you contribute to your 401k in 2017?

Post by victw » Thu Dec 14, 2017 11:35 am

My big learn on the bogleheads in the past couple of years is that it's about the percent of income I'm saving and the relationship to what I'm spending.

When I first started investing I was anchored in 15%. 15% was good.
And then my income went up and maxing 401k was better than 15% - that became my new anchor.
I've also learned about behavioral economics some and the anchoring in retrospect was not good.

Thanks to KlangFools constant reminders - I'm shooting for 33% savings - this isn't quite right because it turns out my net numbers after taxes and payroll withdrawals make it a possibility for more than 33%.

33% is hard - this is the first time I've been challenged with my savings - and the corollary - challenged with my spending. What the heck am I spending that money on? Yes it matters.

Because it turns out there was another anchor - "I pay myself first" so I must be doing ok. Ok - yes - but I'm sobering up trying to equate spending with the retirement target amount.

Vic

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Edie
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Re: How much did you contribute to your 401k in 2017?

Post by Edie » Thu Dec 14, 2017 2:17 pm

my 457b - 18k
my Roth IRA - 5.5k
spouse's Roth IRA - 3k (may be able to put in the other 3.5k by April, but not counting on it and wouldn't go towards my calc of this year's percent if I did)
ages 39 and 53

The above + HSA savings have us saving 27.5% of gross income this year in money I have control over.

Then there's my contribution to DB pension - 10.5k (employer puts in same amount) which will either reduce our needed income in the future, or could be rolled to an IRA if something drastic changes from our current situation and I left my job and didn't want to leave it in the pension system. I just kind of ignore this money for now because there's nothing I can do about it.

TIAX
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Re: How much did you contribute to your 401k in 2017?

Post by TIAX » Thu Dec 14, 2017 2:25 pm

jhfenton wrote:
Wed Dec 13, 2017 3:57 pm
My wife, also 47, has not had a 401(k) this year. She's been working in a contract position. We're hoping she'll be hired and be eligible after the new year, in which, we would try to max out hers as well.
Why don't you set up a solo 401(k). As long as you set up the plan in 2017 (a relatively simple form), you can make the contribution by your tax filing deadline in 2018.

MathWizard
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Re: How much did you contribute to your 401k in 2017?

Post by MathWizard » Thu Dec 14, 2017 2:43 pm

I maxed it out plus the catch ups this year and the previous year. The first time that I ever could.
Also maxed our ROTH IRAs.

Kids out of college, house paid off, so I can push more into the retirement fund.

Age=59.

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Earl Lemongrab
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Re: How much did you contribute to your 401k in 2017?

Post by Earl Lemongrab » Thu Dec 14, 2017 4:33 pm

24k in deferrals + catch-up. A bit over 10k in after-tax, still some to go there. That doesn't count employer contributions.
This week's fortune cookie: "Your financial life will be secure and beneficial." So I got that going for me, which is nice.

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onthecusp
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Re: How much did you contribute to your 401k in 2017?

Post by onthecusp » Thu Dec 14, 2017 4:43 pm

24,000 plus employer match (6%), plus employer contribution (4%).

bh7785
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Re: How much did you contribute to your 401k in 2017?

Post by bh7785 » Thu Dec 14, 2017 4:45 pm

Max , no match :(
I'm 34

clutchied
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Re: How much did you contribute to your 401k in 2017?

Post by clutchied » Thu Dec 14, 2017 4:56 pm

37, Self Max
36, Spouse Max

there's a weird matching formula but we'll have about $45k contributed all in 2017.

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jhfenton
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Re: How much did you contribute to your 401k in 2017?

Post by jhfenton » Thu Dec 14, 2017 5:03 pm

TIAX wrote:
Thu Dec 14, 2017 2:25 pm
jhfenton wrote:
Wed Dec 13, 2017 3:57 pm
My wife, also 47, has not had a 401(k) this year. She's been working in a contract position. We're hoping she'll be hired and be eligible after the new year, in which, we would try to max out hers as well.
Why don't you set up a solo 401(k). As long as you set up the plan in 2017 (a relatively simple form), you can make the contribution by your tax filing deadline in 2018.
She's a W-2 employee, just through a staffing company that doesn't offer a 401(k).

As it turns out, she could have made a deductible IRA contribution this year instead of a Roth--our MAGI will be less than $186,000--but we didn't know for most of the year that she would be uncovered all year. (And I'm happy enough with the Roth that it's not worth recharacterizing.)

PhilosophyAndrew
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Re: How much did you contribute to your 401k in 2017?

Post by PhilosophyAndrew » Thu Dec 14, 2017 5:06 pm

[duplicate post.]
Last edited by PhilosophyAndrew on Thu Dec 14, 2017 5:11 pm, edited 1 time in total.

PhilosophyAndrew
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Re: How much did you contribute to your 401k in 2017?

Post by PhilosophyAndrew » Thu Dec 14, 2017 5:10 pm

I’m 51 and contributed $24,300, excluding employer contributions.

Oops!

(I’ll work with one of my employers to claw back the excess once I have the year-end total...)

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triceratop
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Re: How much did you contribute to your 401k in 2017?

Post by triceratop » Thu Dec 14, 2017 5:13 pm

I'm 25. I contributed $0. I do not have a 401k. I also contributed $0 to a Roth IRA. Yay.

(To reuse a joke): I was not able to max out my taxable account.
"To play the stock market is to play musical chairs under the chord progression of a bid-ask spread."

Sodapop
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Re: How much did you contribute to your 401k in 2017?

Post by Sodapop » Thu Dec 14, 2017 5:20 pm

$17,126 Roth 401k
$6,376 Employer Match

Spouse...a life long public school teacher...solid pension....small 403 b started 10 years ago...contributing just $2,400 a year...terrible fund choices available...

nolesrule
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Re: How much did you contribute to your 401k in 2017?

Post by nolesrule » Thu Dec 14, 2017 5:51 pm

Me: Max + match
Wife: $17,976.26 + match

Matches are an additional $11,969 total. Also maxed a pair of Roth IRAs.

41 & 41

Tiffku08
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Re: How much did you contribute to your 401k in 2017?

Post by Tiffku08 » Thu Dec 14, 2017 11:27 pm

Max + Employer Contributions, 31

skylar
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Re: How much did you contribute to your 401k in 2017?

Post by skylar » Thu Dec 14, 2017 11:41 pm

1. I contributed the maximum to both a university 403b and a state 457b.

2. Early 30s

seawolf21
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Re: How much did you contribute to your 401k in 2017?

Post by seawolf21 » Fri Dec 15, 2017 12:12 am

A lot of people posted they contributed max. What does that even mean? $18k? $53k?

TwstdSista
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Re: How much did you contribute to your 401k in 2017?

Post by TwstdSista » Fri Dec 15, 2017 6:11 am

The husband and I are small potatoes here -- late 40's for a grand total of $2500.

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jjg247
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Re: How much did you contribute to your 401k in 2017?

Post by jjg247 » Fri Dec 15, 2017 6:30 am

$17,992 each, 35 and 34. Just found out as long as I don’t exceed the limit until my 26th paycheck I will get the full match and be able to contribute the total amount. If the system works as planned, I should be able to hit $18,500 on the nose next year.

Grt2bOutdoors
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Re: How much did you contribute to your 401k in 2017?

Post by Grt2bOutdoors » Fri Dec 15, 2017 7:35 am

TwstdSista wrote:
Fri Dec 15, 2017 6:11 am
The husband and I are small potatoes here -- late 40's for a grand total of $2500.
If you leave the potatoes in the ground long enough, you’ll find the small potatoes grow into big long ones. Long ago, I opened my first IRA for $100 when the maximum was considerably higher. Guess that made me a small potato. :wink:
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

bmritz
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Re: How much did you contribute to your 401k in 2017?

Post by bmritz » Fri Dec 15, 2017 7:43 am

Me: $5,500 in a Roth IRA, $10,000 in a Roth 401k + $600 employer match (changed employers in Oct. -- previous didn't have a 401k plan)
Wife: $5,500 in Roth IRA

Ages: 27 & 25

2cents2
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Re: How much did you contribute to your 401k in 2017?

Post by 2cents2 » Fri Dec 15, 2017 7:50 am

seawolf21 wrote:
Fri Dec 15, 2017 12:12 am
A lot of people posted they contributed max. What does that even mean? $18k? $53k?
Wouldn't it be 54K for under 50 and 60K for over 50?

Ignis
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Re: How much did you contribute to your 401k in 2017?

Post by Ignis » Fri Dec 15, 2017 3:00 pm

Age: 32
TSP: $18,000 + $3,000 match
Roth IRA: $5,500
HSA: $3,400

Fiance just about max's her 403b (its messy - percentages only) and her Roth IRA as well.

p0nyboy
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Re: How much did you contribute to your 401k in 2017?

Post by p0nyboy » Fri Dec 15, 2017 3:12 pm

Just finished maxing my 401k this pay period...1 pay period early due to some random bonus earlier in the year.

My accounts are up bigly for the year!

BackOfTheNet
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Re: How much did you contribute to your 401k in 2017?

Post by BackOfTheNet » Fri Dec 15, 2017 3:16 pm

His $18K + $5k
Her $18k + $12k

Both 34

Miriam2
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Re: How much did you contribute to your 401k in 2017?

Post by Miriam2 » Fri Dec 15, 2017 3:21 pm

triceratop wrote: I'm 25. I contributed $0. I do not have a 401k. I also contributed $0 to a Roth IRA. Yay.
(To reuse a joke): I was not able to max out my taxable account.
But you contributed way over the maximum in wisdom and help to our Boglehead forum :D

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