What is the highest percentage of your income you should invest in your companies 401k? Should...
you invest an additional percentage elsewhere and if so what would you invest in?
As much as the pre-tax limit will allow. This will earn you 28% in tax saving alone and will not show up as income, this will put you in a lower tax bracket as well. Plus you will earn profits on money that otherwise would have belonged to the government. Invest in medium risk stock funds for the long haul and never take a hardship withdraw or they will sock you with a 10% penalty as well as taxes
20% because if the company should take a dive, your whole 401k won't go down with it.
I would definitely do it to the amount that the company will match if they offer that benefit.
You should not invest any more than 25% of your earned income in your 401k.
Things you have to keep in mind is disposable income which could be anything from stocks,and or retirement savings, Versus your overall yearly expenses and figure how much you will be able to afford to invest.
As far as what type of investment you should make, you will need to realize your spendable cash,then you are able to make the necessary adjustment to your finance to accommodate the investment you may choose.
Good luck and i hope this information may be of some value to you.
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