We just finished up 4 solid days of flooring shopping, picking paint out, and accessorizing. More on that later. (I'm too tired to think about it anymore.) Yes, my mom is still here but she might go home today (BOO).
Here's my offical Monday question: If you are 30 years old, how much should you be putting into your 401(k)?
I know everyone's different, with different goals. But at thirty, a lot of us millenials are somewhat established, maybe with or without kids, and are settling into life a bit more. And none of us will have pensions. Or Social Security. (Come on people, it's just a fact of life now.)
So I am just wondering...when it's your annual election time, you have to choose something. So what's the appropriate percentage? 2%? 5%? 10%? What "should" we strive for???
I was talking to a similarly aged colleage (he's 33) and he said they do 15%. Another similarly aged colleage (she's 29) said she does 5%. Another (26) said he does the minimum company match. How is a person supposed to know?