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Message
re: 401(k)
Posted on 1/16/18 at 11:10 am to Paul Allen
Posted on 1/16/18 at 11:10 am to Paul Allen
quote:
When does a 401k really start to grow?
Look at the rate of change on this chart. The math starts to work it’s magic and really kick in when you get in your 50s and 60s.
2
Posted on 1/16/18 at 11:28 am to CajunTiger92
So how far behind is someone if they start at 35 versus 25? I mean, if one wants to retire at 65, wouldn’t 30 solid years of investing yield a comfortable retirement? Or are those extra 10 years that critical?
Posted on 1/16/18 at 2:34 pm to CajunTiger92
Thank you for that chart CajunTiger gave me a major confidence booster hahah. Only 27, but way ahead of where I should be on that curve. Make a average salary for my age, but my company match is stupid good, so it's hard to leave.
Not to hijack the thread, but I have a certain question regarding my employer's 401k contribution. The company I am with makes a lump sum contribution deposit around the 15th of every January for their yearly contributions instead of matching me throughout the year. None of my friends 401ks work this way from who I've asked, so curious if anyone else's is that way or they have seen it before?
Not to hijack the thread, but I have a certain question regarding my employer's 401k contribution. The company I am with makes a lump sum contribution deposit around the 15th of every January for their yearly contributions instead of matching me throughout the year. None of my friends 401ks work this way from who I've asked, so curious if anyone else's is that way or they have seen it before?
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