Time to bump up that 401k

ManInBrown

Well-Known Member
that raise means nothing with inflation today

Just dropped $500 on 5 gallons of paint 🤦‍♂️

WE SHOULD HAVE STRIKED!!!
✊🧔‍♂️
Agree. for about the last four years I’ve bumped up my 401k contribution to be commensurate with our raise, not this year. Inflation hitting too hard. I could use that extra cash.
 

Babagounj

Strength through joy
Agree. for about the last four years I’ve bumped up my 401k contribution to be commensurate with our raise, not this year. Inflation hitting too hard. I could use that extra cash.
I regret making that same move, wanted to save up for a new ride.
The markets were really low at the time.
If I hadn't done that my amount at retirement could have been double what it was.
With the way the market has been doing the past few years, I have taken out of my 401K around $300,000 to be debt free & toys.
And the amount left is a round the same as when I retired 8 years ago.
 
I regret making that same move, wanted to save up for a new ride.
The markets were really low at the time.
If I hadn't done that my amount at retirement could have been double what it was.
With the way the market has been doing the past few years, I have taken out of my 401K around $300,000 to be debt free & toys.
And the amount left is a round the same as when I retired 8 years ago.
Just a little over time adds up
 
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