[Anonymous]

Just curious the annual amount? Is that amount a percentage of income or a flat amount?

[Jennifer241]

I do the minimum of 3% so that I get the employer match (free money), just until I payoff my student debt.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[littlenumberrobot]

I just started doing a monthly set amount to my ROTH .

CA CPA - All because of the journey listed below
-----------------------------------------------------------------------
FAR - 53('10), 8/25/12 79 PASSED!
REG - 66('11), 69('12), 12/06/12 77 PASSED!!
BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

(Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

Ethics 90%

[StephAV]

I save 6% to get my full employer match. My employer contributes 9% for a total of 15%.

FAR - 7/13 - 72, 11/13- 74, 2/14- 82!!! Best score ever (for me)!!!
BEC - 1/14 - 75!!! Perfect score! First Pass! YAY!!!
AUD - 8/14 - 80!!!
REG - 5/14 - 72, 10/14 - 66, 1/15 - 78 - DONE FOREVER!!!
I did 5 of the UNA and CPAExcel classes to earn units.

[StephAV]

I should add that I'm about to turn 31… Right out of school I wish I would have contributed, but my employer did 3% profit sharing. And I they had some match but you had to stay for 5 years for the match to vest and I knew I wasn't going to so I didn't bother contributing. I “needed” my money. Lol. Now with a home and 2 kids in daycare I know what “needing” my money is really about. Must pay myself first!

FAR - 7/13 - 72, 11/13- 74, 2/14- 82!!! Best score ever (for me)!!!
BEC - 1/14 - 75!!! Perfect score! First Pass! YAY!!!
AUD - 8/14 - 80!!!
REG - 5/14 - 72, 10/14 - 66, 1/15 - 78 - DONE FOREVER!!!
I did 5 of the UNA and CPAExcel classes to earn units.

[Anonymous]

I learned that my employer offers a 401k, but no match. However, I can sock away $17,500 per year (thus reducing my FICA taxes$1,300+) plus federal and state taxes . Since I need to put in 1,000 hours or so before I'm eligible, I'll have the 1,000 hours in and the house paid off about the same time – so I think I can get close to that $17,500 per year.

The ability to save tax free is better than nothing…but I sure wish there was SOME sort of match.

[barelystayingsane]

I'm saving 10% for retirement (401k), plus an additional 5% for a rainy day fund and larger short- to mid-term purchases (car, house, etc.). Firm will match an additional 1.5% on my 401k.

[neika822]

I put in 6% of my salary and my employer puts in 10% of my salary. It's awesome… they're putting away more than me!

I have an old 401k from my public days that I have yet to rollover. On my to-do list…

R - *77*(02/'13)-Becker & NINJA
A - 71('11); *87*(04/'13)-Becker & NINJA
F - *76*(08/'13)-Becker & NINJA - "server upgrade" survivor
B - 60('11); *82*(10/'13) -Becker & NINA

DONE, DONE, AND DONE.

CPA in Massachusetts; issued 01/24/14

[Anonymous]

This is a great calculator to help you meet your retirement goals: https://www.daveramsey.com/article/investing-calculator/lifeandmoney_investing/#/advanced_entry_form

[jgrfan1]

I save 11% and my employer matches 5%. There is also an additional annual contribution by my employer of about 4%.

So I'm at 20%.

I'm going to increase my contribution by 100 bp per year until I get to 25%. So I'll be there in about 2017 if my well laid plan of mice and men goes accordingly.

Don't fool yourself, you gonna need to save at least 20% per year starting in your mid twenties at latest if you're going to have any shot at retiring at 65 – 67.

I just plan on working until I'm at least 70 and probably as long as I'm physically able and my employer will allow.

BEC - 5/2012 - 91
AUD - 8/2012 - 89
REG - 1/2013 - 90
FAR - 5/2013 - 88
Wife, 2 kids and a job

[LSNYC]

Those are some amazing plans! I though i had it good if i put in 2.5% my employer puts in 5% for a total of 7.5%. That's the max employer share….I am thinking of upping my share every year at raise time by .5%.

A - 61, 91!!
B - 78!
F - 76!!!
R - 71, 73, 74, 69, 77!!!!

Finally done!

This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

[barelystayingsane]

Geez, where are you guys working that you get 9-10% matching?!

[Jennifer241]

Private accounting jobs = less pay but great benefits

Public accounting jobs = better pay but lousy benefits

More than likely that is the drastic differences you are seeing here. I for one, would prefer to make more money and invest it into real estate or other options, so I just contribute the minimum to get the free match from my employer.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[WestonM]

@Mattz13

I know right. My employer only matches 25 cents on the dollar. I would have to contribute 40% to get a 10% match.

BEC: 93 4/18/13
FAR: 89 7/3/13
REG: 90 8/30/13
AUD: 95 11/29/13

DONE!

[LSNYC]

@Jennifer I am not sure i agree that public gets paid better than private. At least not in my area….

A - 61, 91!!
B - 78!
F - 76!!!
R - 71, 73, 74, 69, 77!!!!

Finally done!

This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

[Jennifer241]

I am sure of it in my area, I review the CFO and Executive Director's salaries in my payroll sample testing…

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Author]

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