I’ve been putting the max allowed into a pre-tax IRA since I started at Google in 2012. I also put in a little in 2008-2009 when I was at BBN, but much less. We took $10k out, which the IRS let’s you do without penalty, when we bought our house. It’s invested in index funds, and is currently at $387k.
Our house is also a kind of savings/investment. You can think of the mortgage as a combination of rent and forced saving.
Figure out how much you’d like to have saved for retirement, and see what that leaves?
I’ve been putting the max allowed into a pre-tax IRA since I started at Google in 2012. I also put in a little in 2008-2009 when I was at BBN, but much less. We took $10k out, which the IRS let’s you do without penalty, when we bought our house. It’s invested in index funds, and is currently at $387k.
Our house is also a kind of savings/investment. You can think of the mortgage as a combination of rent and forced saving.
Figure out how much you’d like to have saved for retirement, and see what that leaves?