Submitted by charbroil95 t3_10om1fs in personalfinance
vynm2 t1_j6fxqtd wrote
Reply to comment by Upset-North-2211 in New job, how hard can I save for retirement? by charbroil95
The IRA contribution limit is $6500 for 2023, so it may not be possible to save 11% into a Roth.
Upset-North-2211 t1_j6fz7yr wrote
OP makes $60k (in post), 11% is $6,600. Pretty close.
vynm2 t1_j6g3rv0 wrote
Yeah, but if OP listened to you and contributed 11%, they'd have made an excess contribution that they'd have to deal with.
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