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Reply to "401K account balance"
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[quote=Anonymous][quote=Anonymous]48. Single. One child. Almost nothing. What should be my first plan of action?! Help![/quote] I'm similar. No 401(k) match at my previous jobs. Now I have a 3% match. If you have any sort of match from your employer, make it a priority to contribute to that level. So if you make $80K like me, put in at least $2400 a year. It's just $100 per paycheck. It's not a lot but it's a start. I put in 7%, but we're stretched pretty thin. I have less than $150,000, and I'm 50. Started saving on my own about 15 years ago and had my big :roll: 3% match for the last 10. I'll never have enough to not worry, but saving something is better than nothing.[/quote]
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