Skip to main content

401k/403b Fun

I remember when I first started working and received all my 403b information and started contributing like 0.5% of my salary.  I mean it may have been 1%, but you get the idea.  I was making such a small amount of money, I couldn't imagine paying my bills and contributing any more than that.

 Second job, I switched over to a 401k and maybe contributed 3%.

 Fast forward to a few weeks ago.  We had a lunch and learn at work and someone from our 401k company came in to provide new information and guide us through their new website.  My current company matches an almost unprecedented 7% so when I started work I knew I needed to take advantage and try to make up for lost time.  I'm also making more now than I have at my previous jobs.  I like to think this means I can, but really I should have made myself contribute more all along.  

 So here I am now contributing 12%.  12%!  And I did their will you be ready to retire quiz and I got a 75 (out of 100).  They really want you to be at 80, at least.  While, yes, this is good.  I cannot imagine contributing more than 12% right now to make it up to where I need to be.

 My point in this PSA/rant is if you are young and just entering the workforce, contribute more than you think you can and make it work!  It's hard to catch up after a few years.
Labels:

Comments

Post a Comment

Popular posts from this blog

Kitchen Safety

We moved!  We're in our new place and we just got wifi.  Wahoo! I definitely broke in the kitchen quickly.  I was making a panini type sandwich for a potluck get together so I preheated the oven.  The next thing I knew the fire alarm was going off.  Let me tell you they did not skimp on a very loud fire alarm.  Ahhhhhhhh I opened the oven, which I know you're not supposed to do.  In the moment, I think I needed to see what I was dealing with.  There were definite flames.  Ahhhhhhhh So I called Mike while trying to google what to do.  He was super calm the entire call while I freaked out (it probably helped that he couldn't see the smoke billowing out of the oven).   He said to throw baking soda on it.  I did.  It seemed to fizzle but came back. I searched the apartment for a fire extinguisher (maybe I should have looked for one before this moment). This is while I kept trying to silence the fire alarm (to no avail) and open windows to let out smoke. Then Mike
3 comments
Read more
I have a few things to update on today =) Oh I just finished the best meal I've had since I arrived and it was oh sooooo good! I'm so full and happy right now! It was a mexican meal so at least i know i'm going to the right country. yesterday Tere asked me to lead a little yoga class. automatically i said yes because that's how i am, but on the walk from the classroom to outside i started to get nervous. the only person i ever lead in yoga was karen & she laughed the majority of the time (it doesn't really count). i just took deep breaths and i did it. it actually was great. once we started i was able to integrate some favorite posses of the people in the class it was great towards the end when marcelle (who is rather soft spoken, but i love her) lead a few poses as well. i was actually happy with myself. namaste i love our group. everyone is similar that we all have this interest to do missionary work, but we are all very unique and different at the s
1 comment
Read more

Spring!

Yes, I know it is not spring yet.   Today's the meteorological beginning of spring or something, isn't it? I definitely suffered some winter blues last month (yeah, it's March!). Check out these tulip fields for your Friday! Normann Szkop  took awesome photos while flying over Dutch  tulip fields . ( via ) p.s. Two days later I'm still feeling amazing after my juice cleanse .  Yes, it's possible that's not what it's from, but considering nothing else has really changed (except starting a new month, which I am so excited about), it's getting the credit. HAPPY FRIDAY & HAPPY MARCH!
Post a Comment
Read more