Comments on: Five Minute Finances #5: Get Started on Setting Up Your 401(k) http://www.thesimpledollar.com/2007/02/28/five-minute-finances-5-get-started-on-setting-up-your-401k/ Simple, applicable personal finance advice for the modern world Thu, 18 Mar 2010 03:09:50 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Terry http://www.thesimpledollar.com/2007/02/28/five-minute-finances-5-get-started-on-setting-up-your-401k/comment-page-1/#comment-8407 Terry Thu, 01 Mar 2007 08:05:27 +0000 http://www.thesimpledollar.com/2007/02/28/five-minute-finances-5-get-started-on-setting-up-your-401k/#comment-8407 What am I waiting for? I am waiting for my minimum wage employer to offer a 401(k). D'OH! What am I waiting for? I am waiting for my minimum wage employer to offer a 401(k).

D’OH!

]]> By: English Major http://www.thesimpledollar.com/2007/02/28/five-minute-finances-5-get-started-on-setting-up-your-401k/comment-page-1/#comment-8306 English Major Wed, 28 Feb 2007 21:39:50 +0000 http://www.thesimpledollar.com/2007/02/28/five-minute-finances-5-get-started-on-setting-up-your-401k/#comment-8306 Yow--I don't mean to impugn your math (or spreadsheet) skills, but are those numbers accurate? I'm 23, and contribute $40 (pre-tax) per week to my 401(k), which earns a dollar-for-dollar match up to $1,500. I've plugged my situation into a few calculators, and usually get a number pretty close to the one you give, even though I'm contributing twice the amount you cite--I've always thought that at some point in the future I'll have to seriously ramp up my contributions. Is it possible I'm doing better than I thought? Yow–I don’t mean to impugn your math (or spreadsheet) skills, but are those numbers accurate? I’m 23, and contribute $40 (pre-tax) per week to my 401(k), which earns a dollar-for-dollar match up to $1,500. I’ve plugged my situation into a few calculators, and usually get a number pretty close to the one you give, even though I’m contributing twice the amount you cite–I’ve always thought that at some point in the future I’ll have to seriously ramp up my contributions. Is it possible I’m doing better than I thought?

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