Comments on: How Much Should You Have In Your 401(k)?

By: Dan

Dan — Mon, 22 Apr 2019 21:38:41 +0000

A 50% match on the first 3% only amounts to an additional 1.5% or did I miss something

By: Jeff Rose

Jeff Rose — Sun, 29 Jul 2018 15:19:23 +0000

In reply to John Overly. Hi John - It may depend on the fund. Since they're semi-active managed funds, they do tend to have higher fees.

By: John Overly

John Overly — Mon, 23 Jul 2018 18:29:17 +0000

I am not sure what you mean target date funds have high fees One factor they are keeping expenses low, which means investors keep more of the return. I have Vanguard Target Retirement 2045 Fund fee is 0.10 I don`t think you will have lower than this

By: Jeff Rose

Jeff Rose — Tue, 15 May 2018 23:29:34 +0000

In reply to Darrell. Good point Darrell. While you're saving for retirement, the amount you save is an "expense". Once you retire, it disappears.

By: Darrell

Darrell — Tue, 01 May 2018 02:28:49 +0000

Nice article. I understand the message you are communicating, but I would like to point out your overstatement of needed funds for retirement. If your income is $100,000 but you are saving $20,000 for retirement, you income is really only $80,000 so 80% needed in retirement is only $64,000. This would reduce needed retirement funds to $850,000. Significantly less than $1,25 million. The underlying premise is still true that most people don’t save enough, however your math logic is not sound.