21% of gross.

Report problem with this ad

May 17, 2024
10:00:49am

JohnnyC All-American

21% of gross.

The saving account. 401k, HSA and Cash

Report problem with this ad

JohnnyC

Previous username: DumBass
Bio page: JohnnyC
Joined: Aug 13, 2019
Last login: Jun 7, 2024
Total posts: 12,283 (382 FO)

Report problem with this ad

Messages

Author

Time

What is your current personal savings rate?

rad dawg

May 17, 9:48am

30-35% depending on the year (includes retirement accounts)

cougsnhoosiers

May 17, 9:48am

Nice. investments are calculated as savings as far as I know.

rad dawg

May 17, 9:51am

3.2%? Undisciplined losers.

Ragnar Danneskjold

May 17, 9:48am

-3.5 I'm not sure it is sustainable

Plato

May 17, 9:49am

Make it up on volume

Skeptical Optimist

May 17, 9:51am

US Government: "Those are rookie numbers."

RobAdams

May 17, 10:16am

As much as possible given limits of being married and having kids.

Ycrazy

May 17, 9:50am

25% Total. 10% goes to savings account/rainy day fund. 15% goes into retirement.

Jeff Spicoli

May 17, 9:50am

That sounds like a very robust rainy day. I've heard that you should fund it to 3-6 months of expenses and the rest

Niiineteeen84

May 17, 10:00am

<< Deleted >>

Baron

May 17, 9:50am

0.0%. When there is no chance of the wealth running out, savings is unnecessary

Nikomedes

May 17, 9:50am

Net income? Wouldn't that be 100% for everyone?

RGGeemer

May 17, 9:50am

Net income being defined as after taxes.

rad dawg

May 17, 9:52am

What about pretax savings (401k)? Include?

RGGeemer

May 17, 9:54am

I believe those are added to the numerator for the calculation.

rad dawg

May 17, 9:58am

Approx. 15% depending on the year.

Marvelous

May 17, 9:52am

~60%

bluecougar1985

May 17, 9:53am

20%-30% depending on the year

UVCoug

May 17, 9:53am

I try for 50, but I usually hit about 40

EQD2

May 17, 9:53am

I have a spreadsheet. 2023 I was at 41.3%.

TCuz

May 17, 9:55am

We try to plan for 28-30%

tyler durden

May 17, 9:56am

401k 12% plus 4% match. Other than that we have an emergency fund and various

CougarTwins

May 17, 9:56am

51.3%, mostly thanks to a 2.65% mortgage rate

Bainge

May 17, 9:57am

Wait, I read this as gross income. Of my "net" (income less taxes?) it's 59.7%

Bainge

May 17, 10:31am

probably 25-30% over the past decade or so.

SuperTank

May 17, 9:57am

65%

Forbidden Fruit

May 17, 9:59am

that’s awesome

Flyingdolphin

May 17, 10:25am

30%

TarCoug

May 17, 10:00am

21% of gross.

JohnnyC

May 17, 10:00am

Are the people who say 15%+ really rich or empty nesters? Between my taxes, 7.5%

AggieWeekendCougar

May 17, 10:01am

No. I'm lucky to have a low mortgage payment tho

RGGeemer

May 17, 10:03am

I don't have a high mortgage either. 2.875% and only owe $300k. Less than

AggieWeekendCougar

May 17, 10:09am

What is your income, if you don't mind me asking? I'm lucky to have a $150k

RGGeemer

May 17, 10:10am

My house only cost $235k, mortgage down to $153k left at 2.875% interest

RGGeemer

May 17, 10:11am

When we moved to town in 2015, $235k would have bought a newer townhome or a

AggieWeekendCougar

May 17, 10:26am

Not rich. Single income.

Marvelous

May 17, 10:05am

CB is a very educated group thus many high earners

rad dawg

May 17, 10:09am

What would you define as “really rich”?

YIsForBrigham

May 17, 10:12am

Good question. I finally paid off all of my debt so that's why the high savings

cougsnhoosiers

May 17, 10:30am

25%

Adwight

May 17, 10:01am

While working 25-30%, since I retired 2 years ago about 15%

gilbertatty

May 17, 10:02am

TNT

May 17, 10:02am

28% of gross (max out 401k, 2 iras, hsa) plus another 7.5% company match on 401k

RGGeemer

May 17, 10:02am

This thread makes me sad. Outside of 401k and HSA, we spend every other dime we have. Used to drive me insane. Now I’m

timpjynx

May 17, 10:02am

401k still puts you way ahead of the curve.

rad dawg

May 17, 10:13am

I keep telling myself that. Here’s the frustrating thing though - $850 mortgage on 3200sf house, 1 car payment, no boats

timpjynx

May 17, 10:46am

It comes down to one of 2 likely possibilities

rad dawg

May 17, 10:57am

15-20%

Littlerich

May 17, 10:04am

Of net it’s gonna be something like 85%

JollyGreenGiant

May 17, 10:05am

~20-40%

OPINIONS

May 17, 10:21am

51% on gross minus tax (which isn't net...) Dual income, 1 kid.

NarfUte

May 17, 10:22am

Net income has a different definition on this board.

rad dawg

May 17, 10:35am

Around 45-50 percent, a bit difficult to know monthly

BYUfan92

May 17, 10:22am

Nice try IRS

Archaea

May 17, 10:59am

Some of you need to enjoy some of that money while you still have your health...

Traveling Coug

May 17, 11:59am

Die poor after

Archaea

May 17, 12:34pm

15-18% on the gross

Posting on CougarBoard