Just about every personal finance guru has an opinion on how much you should contribute to retirement. Their suggestions usually falls between 10% and 20% of your gross income. For as long as I’ve been at this personal finance thing (since 2007), I’ve decided to contribute no less than 15%.

Here’s what my retirement contributions have looked like so far for 2014…

401K: 10% of gross income

Roth IRA: $5,500 (which is 6.7% of gross income).

As our income has increased, we’ve been able to send more discretionary income to retirement, (I started with 5% contributions in 2007).

There’s something missing though, I also get a full 5% match from  my employer for my 401k contributions. So, although I am personally only sacrificing 17% of my pay for retirement, I’m really getting 22% socked away for future me.

So my question is simple:

When the talking heads state one should be saving 15% towards retirement, are they factoring in the company match? Or another way to think about it, would you say I am investing 17% towards retirement, or 22%? 

It’s an interesting question, one that could literally mean the difference of a $1,000,000+ come retirement depending on how one decides to proceed.

When I asked this question on twitter, I got a 50/50 split. Half said they count the match towards their goal, while the other half said they pretend like the match doesn’t exist and it’s just a bonus.


I’m in Ireland

September 9, 2014 · 6 comments

For the rest of the week. Baby Ninja knows no different.





Did I die?

September 2, 2014 · 21 comments

In the five-year history of Punch Debt In The Face, I have never taken a two-week hiatus from blogging. I think a handful of my readers were legitimately concerned for my health, fearing that I was dead.

Unfortunately for you all, I’m not dead.

And neither is Punch Debt In The Face.

As many of you have guessed, I’ve spent the last two months attempting to be a not-sucky dad. For the most part, I’d say I’m pretty much kicking butt at #dadlife.

But every time I let myself think I’ve got everything figured out, I’m reminded I don’t.

Like the time I let my son pee in to his own mouth while I was getting him a new diaper.

Note to future parents of boys: always have a clean diaper immediately accessible prior to removing soiled diaper. Little dudes can easily pee five+ feet.

We are finally settling in to a groove and I expect that over the next few weeks, posts around here will start trickling in every couple of days. I have some fun things to write about, including but not limited to…

My new hobby flipping scooters on Craigslist

What life is like going from dual income to one income

Why we decided to sell my sexy Scion tC and take a stab at being a one car family


A kitchen makeover reveal post (featuring our new quartz counters and subway tile backsplash)

It’s been busy around here, hence the lack of posting, but I’m looking forward to getting back in to the habit of neglecting my wife from 9pm to 10pm so I can sit down and write a blog post for a bunch of strangers.

Any of those four blog post ideas above tickle your fancy? Or is there anything specifically you’d like to see me write about? I’m always looking for insight so drop me a comment and let me know.

And before you go, check out how cute my kid is…

Screen shot 2014-09-02 at Sep 2, 2014, 9.53.38 PM

Screen shot 2014-09-02 at Sep 2, 2014, 9.53.21 PM

Every now and again I like to pick your guys/gals brains. It’s not only helpful for me to see if I am at relatable to the people who read PDITF, but hopefully it’s also helpful for you to see where you stand against the masses. Since the value in today’s post is probably coming from the comments section, and not these words, I’ll cut right to the chase.

What is your total credit card debt? 

It’s really that simple. Apparently the average household (that has at least one credit card) has nearly $16,000 in CC debt. Let’s see if that rings true for this community.

I’ll get this party started. Our CC balance currently stands at $6,505, and like always, will be paid off at the end of the month. What’s depressing is that our most expensive purchase included in that balance was $140 for car insurance. That means we have a ton of freakin’ small purchases that amount to a rather large balance. Dang.

Your turn. What’s your balance (and why is it what it is)? 

extra credit questions: What is the interest rate on your card(s)?

Personal Finance tips and tricks.

August 6, 2014

I woke up to a text from one my good friends yesterday morning that read “Can I pull 100% of my Roth contributions at any time without penalty?”  Why yes, yes you can. Roth contributions can be pulled at any time, for any reason, without any repercussions. That’s why I like to think of my […]

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Minimal risk, big reward.

July 30, 2014

I was chatting with a close friend a few days ago about the housing market. Big surprise right? We know what the median household income is in Seattle ($66,000), and we also know the median sales price of a home in Seattle right now is $380,000. What we don’t know is how the crap people can […]

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July 20, 2014

Hope you enjoy a guest post today from none other than my better half, Girl Ninja.  As of June 13th, 2014, I am officially retired…and it feels so good.  I spent all nine months of my pregnancy looking forward to the days I get to spend at home holding my baby.  I know challenges are definitely […]

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