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[quote=Anonymous][quote=Anonymous]OP here, I do work on the books making about $1300 a week, about $1025 after taxes, and was able to save roughly 5K a year for the last 5-6 yrs but that is so little. I am an immigrant who came (legally) in my mid 40s, so I did not have a chance to work for 20-30 yrs but will qualify for social security albeit very low. This is really worrying me since I anticipate big expenses such as dental which can be thousands. Wish Medicare would cover dental work.[/quote]
That money invested would be about $55k right now, and all tax free if you had done it inside of Roth.
It's not how much you make, it's what you do with the money you make.
I have never made as much you, but I made investing and personal finance my priority.
I'm in mid 40s immigrant who worked for minimum wage most of my life because of my status. I learned about investing from books; I don't have to work anymore. Investing and making money with money is my job.
I would not let my money sit inside of 401k, match or not match. 401k is a savings vehicle with high fees and very lousy investment choices. You need to invest because you behind and not just save.
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