Thanks! I saw the fidelity article now and it make sense!

Thank you :)!

Yes! the chart actualy did not say to stop contribution. but to reduce it to 15%. I am still figuring out why 15% is enough for retirement though haha.

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Thank you for your insight regardless! I can relate haha, best of luck!!

Thanks! That makes sense, but why is the number 15%? Is it based on a study like the trinity study? For example, contributing 15% of 40k salary vs 15% of 150k salary, will yield signficiantly different results!

Sorry! what I meant was, contributing 15% of 40k salary vs 15% of 150k salary, will yield signficiantly different results! So why 15%?

Thanks for sharing your insights!

Thanks!

However, that 15% can differ depending on your salary For example, if i make 40k vs 150k.

What justifies that 15% is a good enough number? I am following the trinity rule for 40k withdrawal in your retirement years and i am curious where 15% comes into play

Thank you! I actually saw in the chart that regardless should put in 15% of your income to your 401k - i'm not sure if it's applicable for IRA. This should be done before maxing your 401K/IRA or saving for a downpayment. Why 15%?

Thanks! Oh I do see it now, it says to save 15% for your 401k, why 15%? Does this also apply for IRA?

Ah I see! so the ideal approach would be to make sure to get full benefits of 401k matching, than you can forget about the rest of IRA/401K contributions for the time being and save aggresivley for downpayment?