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Birthday thoughts...and 401K info

April 4th, 2013 at 11:11 am

Well, today is my 32nd birthday. My birthday is a lot like the New Year for me. I feel like its a time to look at my goals and life and happenings and see what needs to be changed or see what IS working. I am hoping this weekend I can sit down and evaluate some things and take some time for some "inward looking."


And a high note....my employer is matching our 401K contributions now. And you can be fully vested at 4 years. I have actually been with the company for almost 5 years, but we had a buyout/ name change in 2009 so the vesting goes off of that date. So in July I will be fully vested. Our open enrollment date is next week, so I am going to try to look at my budget and increase my contribution.

Retirement

September 17th, 2012 at 08:19 am

Retirement has been on my brain a lot lately. A year and a half ago, I didn't even have a 401K. And although my contribution is small and I do not get an employer match, I still feel like I am accomplishing something by having one. I had a 401K years ago, but due to financial "ignorance" I took a total distribution when I was laid off. But....you live and learn.

But retirement has become so overwhelming. According to Merryl Lynch, I need at least $600,000 at retirement. I do have over 30 years before retirement, but how in the world can I save 600K? Pay off debt and put that amount towards retirement? Even then, its not enough.