How much do you save in CRE?
With it being bonus season, I'm wondering how much all of you in CRE save?
Both from your paychecks and bonus, what % or $ do you save? What do you intend to do with your savings?
This might be dependent upon how far along you are in your career and how much you can afford to save, but I try to save/invest 25% of each paycheck, and 75% of each bonus.
Nowhere near enough, the rugrats are fucking expensive...
Just cash, or counting 401, mortgage, promote, etc.?
All of it
I save about 30% of my paycheck (excludes 401k).
Then 3% into 401k and the employer matches it all.
I have saved 100% of my bonuses so far.
I currently dollar-cost-average 70% of savings into the stock market and the remainder allocated to my student loans or cash to invest into real estate/buy a home/ etc. That 70% number will probably move up a bit once I hit a comfortable cash position and my loans are paid down.
I'm early 20s with no kids, wife, mortgage, etc. so I don't have any high recurring monthly expenses outside of rent. I budget ~5% of net pay for vacations or travel.
10% 401k, 10% post tax of paycheck into savings, 10% post tax paycheck to save for big ticket items in the future (mostly travel) about 90% of post tax bonus
We max out 401k ($18500 per person), max out HSA (7000 per family), max out 529 (4000 per person), max out backdoor Roth IRA (5500 per person), max out employee stock purchase (~$30k per person)
We don’t save or invest any money in non-tax advantaged account, other than employee stock purchase
Dude do you even know how to read? OP is referencing how much of your income and bonus you save and here you are spitting garbage from Capital One's benefits pamphlet.
Detail oriented is key (re: read before you write), which is why you have a BO position in risk management :)
Lol that’s how much we save, about $120k a year, more than your total comp
You won’t understand because you don’t even have an IRA account
and why do you need to be anonymous on an already anonymous forum, do you work at Long and Foster or something
I am totally open about my role, if anyone interested in our commercial rotation program, send me a PM, Chicago/Bethesda/mclean
Okay man whatever you gotta say to seem tough in front of your risk management buddies. I'm not about to get into BSD contest with you since I'm well aware of what you do, and I know what I do, and I'm taking my job 11/10 times over yours without looking back. If you really wanna talk shop, come to midtown NYC and I'll show you my pay stubs.
Fact is, you didn't address the OP in your original comment, or in your reply. So my comment is still valid. Have a good one buddy
Op clarified "all of it" when asked if he meant just salary or retirement savings, mortgage paydown, etc. Please learn how to finish reading a thread before shitposting.
I save about 35% of my gross base (401k/HSA and liquid/investments) and about 75% of my net bonus.
Those % have stayed about the same for the last 10 years, despite the immense increase of my comp over that time. I could (and should) be saving more, but I’m also trying to enjoy some stuff along the way.
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