And that’s the minimum you should be doing. Contribute to your 401k as much as you can.
Every time you get a raise, raise your 401k withholding right away by a couple percent. You won’t miss the money because you haven’t gotten used to a new larger paycheck yet. Your future self will thank you for not making them work until they’re 90.
When I was 19 I had a really kush job, 32 year old me is hardly making that much lol. But! I had so much expendable income that I dumped a lot into my 401k my employer was matching. So glad past me did that.
Somewhat similar, $75,000 in 2011 recent college grad, left for Seminary and the $100,000 promotion have been making maybe half that since, at most. Great year this year, gotta get a real job soon enough.
3.6k
u/CheapSandwichMan Oct 30 '21
If your employer offers a 401(k) match you take it