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The Water Cooler
General Discussion
401k contribution - Yay or Nay
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<blockquote data-quote="HoLeChit" data-source="post: 3889431" data-attributes="member: 35036"><p>[URL unfurl="true"]https://www.bankrate.com/retirement/401-k-calculator/[/URL]</p><p></p><p>Play around with this calculator. Pay attention to the difference between if you start now, vs if you put off the 401k for another 10 years. </p><p></p><p>For example:[ATTACH=full]315071[/ATTACH][ATTACH=full]315072[/ATTACH]</p><p></p><p>Simply put, forget about the crappy economy. Making 6% of your income extra and the effects of compound interest far outweigh the economy. Also, if you’re aggressive with your 401k funds, you’ll see a healthy jump once the economy picks back up.</p></blockquote><p></p>
[QUOTE="HoLeChit, post: 3889431, member: 35036"] [URL unfurl="true"]https://www.bankrate.com/retirement/401-k-calculator/[/URL] Play around with this calculator. Pay attention to the difference between if you start now, vs if you put off the 401k for another 10 years. For example:[ATTACH type="full"]315071[/ATTACH][ATTACH type="full"]315072[/ATTACH] Simply put, forget about the crappy economy. Making 6% of your income extra and the effects of compound interest far outweigh the economy. Also, if you’re aggressive with your 401k funds, you’ll see a healthy jump once the economy picks back up. [/QUOTE]
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