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Jan 26, 2020
5:51:10pm
Mike Honcho All-American
I’ve been working for 10 years, maxing my employer match and never putting less than 10% into a 401k. I contributed to
An IRA when I could early in my career, and have put the max in every year for the last 2 or 3 years. I think I’m doing everything right... and when I look at my combined 401k and IRA balances, it’s still lower than the recommended balance relative to income for my age bracket despite following all the advice and having a job that pays well. I’m not sure how people are expected to save up enough to hit those targets.

The good news is that I currently qualify for a $127/month pensions, so at least I’ve got that going for me.
Mike Honcho
Previous username
BYUCoug11
Bio page
Mike Honcho
Joined
Feb 27, 2011
Last login
Apr 27, 2024
Total posts
53,977 (10,325 FO)
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1/26/20 5:11pm
1/26/20 5:46pm

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