Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Why max out 401k?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I have contributed since I started working at 23. I have been maxing out since I paid off my student loans at age 30. I even switched to a Roth 401k that my company offers - so it’s post tax money. Why max out? I married a person who was in grad school until he was 30 and then did a series of fellowships until our late 30s. Now he’s a fed who has been able to max out his TSP since day 1 - but that Day 1 was 15 years later than I started saving. My savings will support us if needed in retirement. I plan to pay for college for my kids. We are saving for 1 kid to be full pay state school and 1 full pay private. Depending on what they choose, we may need to pay some of it with current cash flow. I’ll be 54 when my first kid starts college and I should be in a position to back off of aggressive retirement saving at that point if I need to. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
