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re: Are you in the 1% club?
Posted on 1/25/15 at 3:48 pm to siliconvalleytiger
Posted on 1/25/15 at 3:48 pm to siliconvalleytiger
Seems really low. Not even thinking about home equity, savings/checking accounts, I would imagine 401k accounts must be near that as long as you've been putting in there for 15-25 years. I've been putting 10% in my 401k for 5 years (28 years old) and already it's amazing how fast it piles up.
Posted on 1/25/15 at 3:57 pm to Tigerstudent08
quote:
I've been putting 10% in my 401k for 5 years
If you can add another 1% every year or with every raise, you will really see the benefit of your 401 in the coming years.
Posted on 1/25/15 at 4:39 pm to Tigerstudent08
quote:
Posted by Tigerstudent08
So all your retirement has come from an artificially inflated stock market. You literally started investing at the dip in 2009 and are now riding recors highs.
Posted on 1/26/15 at 1:27 am to Tigerstudent08
quote:
Seems really low. Not even thinking about home equity, savings/checking accounts, I would imagine 401k accounts must be near that as long as you've been putting in there for 15-25 years. I've been putting 10% in my 401k for 5 years (28 years old) and already it's amazing how fast it piles up.
I have been investing in the market for about 38 years, and am currently retired, and living off the investments. Once you have experienced a few market crashes like October 1987, the 2000 dot com crash, 9/11, and 2008, it becomes apparent that trying to speculate what a retirement account will be worth 10, 20, 30 years in the future is a futile effort. The best thing you can do is what you have already started, invest consistently over a long period of time, and try to increase your percentage up to the limits allowed as your salary increases.
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