So I am 25 now and I actually wish to be centered on my future. I lastly took the time to look into my 401k and this is what I’ve discovered to this point:
“For each greenback you contribute as much as 3% of your wage [Note my salary is 48,500 not including comission], your organization will add 50 cents to your account per pay interval.”
Up to now I’ve contributed $3060.12 and my employer has contributed $232.47
I at the moment contribute 6% of my paychecks
That is all I do know.
I am hoping to retire round 70 as a result of I get pleasure from working. What do I have to do to prepare for retirement? How a lot ought to I be contributing?
