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    kaylanhaughney's Avatar
    kaylanhaughney Posts: 1, Reputation: 1
    New Member
     
    #1

    May 2, 2017, 03:56 PM
    You earn $35,000 per year and are paid bi-weekly. You want to have $500,000 in your
    You earn $35,000 per year and are paid bi-weekly. You want to have $500,000 in your 401(k) 35 years from now and you think that your investments can earn 7.75%. Your company will match contributions 60% up to 10% of your salary. How much of your salary should you contribute?
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
    Uber Member
     
    #2

    May 2, 2017, 06:21 PM
    Ask Vanguard or T Rowe Price, we don't do homework for you. It is all about compounding and future value of money.
    ScottGem's Avatar
    ScottGem Posts: 64,970, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    May 3, 2017, 11:41 AM
    The strategy I go by is to contribute enough to your 401K to get the maximum company match.

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