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Putting off your 401(k) contributions to conserve cash sounds logical. Don't fall into that trap. Suppose you graduate college and start your first job at 23, making a $30,000 salary.
One retirement rule of thumb suggests you’re wise to save at least 10% of your pre-tax salary in a 401(k). With an employer match and a slightly larger employee contribution, 10% can easily ...
Everyone's financial journey is unique, but the 401(k) is a game changer everyone should consider. I Want to Be a 401(k) Millionaire by Retirement. Here's How I'm Planning to Get There.
Strategies for Becoming a 401(k) and IRA Millionaire. ... direct half of any raises or salary gains into your retirement investments. 2. Max Out Your 401(k) Matches ... calculator to see what ...
Obtaining 401(k) millionaire status requires steady action over the years, but it's more doable than you might think. ... (5% of your salary). The match would be another $5,000, giving you a total ...
The idea of becoming a 401(k) millionaire may seem unrealistic to some. ... At least max out your company's match. That $3,000 figure is an arbitrary one, of course. ... plans compared to $2,350 ...
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