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Money and Finances
Reply to "Why max out 401k?"
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[quote=Anonymous][quote=Anonymous]I don't know why you are maxing out. I'd do up to the match and enjoy the rest. I can also live nicely on $4k a month. Not sure why you need twice that.[/quote] So this is the right question. What will you spend in retirement? You need to really stress test that. Include vacations, healthcare, gifts to kids, new cars every so often, home repairs and think of end of life scenarios. If 9 does it for you build towards that. PP said 4 -- build toward that. My number is higher. But whatever it is -- build towards that. I wouild max out through your 40s and then re-think at 50. Just me but that savings and compounding will make up for a lot of errors in your planning.[/quote]
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