Reply to Not fully funding 401k? Why not?

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[quote=Anonymous][quote=Anonymous]OP here. I'm getting a little flak for this question but that's actually a bit reassuring. We've had times when we had a ton of outgoing expenses (two in daycare) but solid salaries. It was stressful but survivable. Now we're in a situation where it's precarious. I'm in my early 40s. The crap has hit the fan. I don't recall exactly when I started maxing out my 401k but I think it was when I was 24. It's hard for me to pull back. But, perhaps needs must.[/quote]

I'm 48, a divorced, single mom of three kids ages 8-16, with no child support because I "make too much."  (80K take home after taxes) I have NEVER maxed out my 401k because there simply isn't enough left over after basic expenses.  I do my best to contribute a small sum to a modest 401k and college funds (that will barely put a dent in their expenses).  If you are doing your best, as I know I am, stop stressing and count your blessings.  If you've been maxing since 24 you're in a better place than the majority of Americans.   [/quote]

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