Posts
Monday, November 26, 2007
Decision on 401k…
I decided to continue my 401k contributions at this time. I contribute 5% which my employer matches. Instead of paying off my credit card balance in February, I will pay it off in March 2008. I will be in good shape so long as I get the balance paid off by April 2008. I don’t want to get out of the habit of saving for retirement. I am almost 30 and I have approximately $28k in my 401k and $16k vested in my pension for a total of $44k in retirement which isn’t that bad for a 30 year old. Sometimes my retirement savings is the only thing I feel good about when it comes to my finances.
Subscribe to:
Post Comments (Atom)
3 comments:
Good decision. I have been slacking on reading my fav blogs so I just caught your post about canceling you 401K today. Retirement is important. You made the right decision
Thanks Dimples!
For the small amount of time your talking about (a few months), I wouldn't stop the 401k either. If you were in my shoes and looking at another 9-12 months to tackling the CC debt, that would be another subject.
You've got more in your retirement than my father and he's in his 50's...Social Security here he comes!
Post a Comment