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403B musings

August 27th, 2013 at 10:09 pm

Okay, last time. I wrote two novels of entries and lost them both.

Right now with the third month in a row of feeling the frugal burn, I'm seriously considering backing down the 403B contributions. I'm at socking in 20% of my salary, am thinking of backing it down to 15%, and I max out the match at 8%. I'm not going to go that low.

I have until the end of September to think about it. Plus, I'm getting a 2% raise sometime in late September/October. I might grit my teeth and complete the year at 20%.

3 Responses to “403B musings”

  1. snafu Says:

    What was the plan for 403 in January when market was a 'bargain'? What is the reason for choosing 20%. Are you trying to catch-up to a desired figure like value at age 'X' should be "Y'? What is the point of living at a 'grit your teeth' level if it's not necessary?

  2. debtfreeme Says:

    I hope you can make it to the raise and keep your savings at 20%. Just another few weeks!

  3. baselle Says:

    snafu - I inherited some money over 5 years ago, so I put a lot in taxable savings (much of which I still have), and hiked up my 403B to the absolute max. It was comfortable. I bought a condo, did fix up and a kitchen remodel, and shifted my 403B down to about 20% to "see" and to use my savings if necessary. I'm not a timer, buying more when the market was up, however I would like to "complete" a year and not touch my taxable savings. The "grit my teeth" is my OCD at play.

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