I am a 1st year resident and I just read white coat investor. I have
1. He mentions saving between 20-30% of your income, does this all go towards my retirement funds?
2. I am trying to figure out how much will go towards my 403(b). My program is going throught TIAA-CREF and they are giving me two options
(a) Amount of paycheck %
(b) I elect 15-year lifetime catch-up option not to exceed the IRC section 402(g)8 limit and I have attached the calculation provided by my 403(b) company indicating I elect the special 15 year lifetime catch-up option this calendar year. I understand it is my responsinility to obtain this calculation annaully from my 403(b) company.
* which is my best option?
1. He mentions saving between 20-30% of your income, does this all go towards my retirement funds?
2. I am trying to figure out how much will go towards my 403(b). My program is going throught TIAA-CREF and they are giving me two options
(a) Amount of paycheck %
(b) I elect 15-year lifetime catch-up option not to exceed the IRC section 402(g)8 limit and I have attached the calculation provided by my 403(b) company indicating I elect the special 15 year lifetime catch-up option this calendar year. I understand it is my responsinility to obtain this calculation annaully from my 403(b) company.
* which is my best option?
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