Episode Details

Scott and James discuss how to account for matching contributions in retirement savings rates.

Listener Question

Wanted to find what both of yours opinions are on savings rate as it relates to employer match. I am currently saving 25% of my gross income between maxing out 401k, IRA and the rest to a brokerage, I bonds and ESPP. My employer matches 15% NEC on 100% income. I have a mandatory retirement age from this career (commercial aviation) If I fall short on my 25% personal savings rate in a given year, when is it appropriate to count the 15% from the company? Or is it always counted and I’m saving 40% between the two?

Planning Points Discussed

• Utilizing Time Efficiently
• Capital Appreciation
• Purchasing Power
• Other issues (IRAs, Inflation, Financial Goals, etc.)

Timestamps:

2:30 - Employer Matching

4:55 - Dollars Are Dollars

7:21 - Overfunding

9:12 - Lifestyle Goals

10:47 - Healthy Savings

11:47 - Aligning Your Financial Goals 

LET'S CONNECT!

James

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Scott

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