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Hoots : What is maximum amount or % of paycheck I can give to ETF I wish to invest part of my paycheck in ETF. Where do I find policy on how much money from paycheck can I contribute to ETF in a year or if it's on %, what % from - freshhoot.com

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What is maximum amount or % of paycheck I can give to ETF
I wish to invest part of my paycheck in ETF.

Where do I find policy on

how much money from paycheck can I contribute to ETF in a year
or if it's on %, what % from paycheck can I contribute to ETF in a year

Cannot find any info on Google


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You need a brokerage account to invest in ETFs (there are many different kinds of ETFs, not just one) and that usually means having some amount already deposited with them into the "cash account" in your name. Once the
brokerage account is established, you can send whatever money from
each paycheck to the brokerage and tell them to invest it in the ETF
of your choice. There are no restrictions as to how much money you
can send if you send them a check. If you want the money to be withheld
from your paycheck, then of course, the limit is the amount of the take-home pay, and whether your employer offers such a service will affect
the issue.

If you are wanting to invest in ETFs through your employer's
401(k) plan (or 403(b) plan), there are lots of other considerations.


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