How Much Do I Contribute to My 401(k) if There's a Match?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 9 June 2021

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, Anthony ONeal and John Delony.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Joel is in Dallas.
0:15.0	Hi, Joel.
0:16.0	How are you?
0:17.0	Dave, I'm doing great, sir.
0:19.0	Good afternoon to you again.
0:21.0	I want to say thank you so much for what you guys do every day.
0:24.5	It's important to a lot of folks out here that are trying to better their lives and figure
0:28.6	stuff out.
0:29.6	Thank you.
0:30.6	Well, thank you, sir.
0:31.6	How can we help today?
0:32.6	Here's my question.
0:33.6	We're maybe set up for and we've got a 401k question.
0:38.2	The company that I work for does a very generous match every year at the profit sharing.
0:45.0	It's not actually a match and it can range between 10 and 15 percent of my total salary,
0:50.6	not sure what it's going to be every year.
0:52.4	It's not set in stone, kind of fluctuates.
0:55.3	Right now we are putting 15 percent into the 401k, the traditional 401k every year and
1:01.2	have been for the last three or four years.
1:03.3	So we're looking good, but my question is this, do I need to be according to the baby steps?
	...

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