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Reply to "401k question"
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[quote=Anonymous][quote=Anonymous]I'm in my mid-30s and will likely have just my 401k + SS to live off of when I retire one day. How much is a good amount to have in there at this stage? How much do other people have in a 401k by their mid-30s? Thanks![/quote] First, I had a separate "rainy day" fund which was in cash equivalents and had 4+ months of (after-tax) income set aside. This was to cover unexpected financial events. My 401(k) was 100% in a low cost S&P500 Index Fund, because those were (and are) my retirement funds. [/quote]
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