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Reply to "Tell me how much you have saved in your 401K at age 40."
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[quote=Anonymous]It's not in a 401(k), but something my dad did for me really helped. When I was in my late teens/20s working summer jobs, my dad put money in an IRA for me (which you can do once you have taxable income). I didn't understand what he was doing back then, but now I really appreciate it. My parents weren't rich, but they stretched to do this because they knew it was valuable. It has grown tax free since then and is a nice little contribution to my current efforts to save for retirement. Time in the market is everything! I am going to do the same for my kids when I can. [/quote]
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