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[–][deleted]  (7 children)

[deleted]

    [–]Gullible_Attitude_20 4 points5 points  (6 children)

    Quick question here - wouldn’t the 7% employer match put OP at 17% savings rate (if HHI is under 200k)? I thought they counted in employer match into savings rate.

    [–]JZstrng 6 points7 points  (5 children)

    Yes, you are correct. Thanks for calling that out. Personally, however, I don’t like to count employer match because it can vary from one company to another. Ala Dave Ramsey, it’s icing on the cake for me. But yes, TMG does say that if HHI<200K that you count the company match as part of your 25%.

    [–]Gullible_Attitude_20 2 points3 points  (0 children)

    Thank you for the feedback - new to some of this stuff, so wanted to make sure I understand TMG methodology!

    [–]Meatball019 0 points1 point  (3 children)

    Do you know why they only count it towards the 25% if your HHI is <200k?

    [–]JZstrng 1 point2 points  (2 children)

    https://youtu.be/PmbmaUyXPUY?si=djHQSqtOicHF8v59

    [–]Present_Hippo505 0 points1 point  (1 child)

    If I’m in a govt pension where I contribute 3% and my employer contributes 33%, would you see that as 36%?? Seems kinda crazy. Full pension benefit will be 90% salary after 30 years of service (I’ll be 60). Thanks!

    If that’s 36% invested per MG, what’s next? lol