I'm 26 and I've been putting 15% pre-tax income into my 401k for years and I feel I'm doing too much
Briefly

from 24/7 Wall St.1 month ago
The article discusses the challenge young professionals face in balancing the desire to enjoy life with the necessity of saving for the future, particularly retirement. It highlights a 26-year-old Redditor who saves approximately 15% of their pre-tax income in a 401(k), amassing $105,000, a commendable feat in their peer group influenced by a YOLO mentality. The piece emphasizes the importance of financial planning and responsible saving to avoid the pitfalls of high-interest consumer debt, while also addressing the concerns young individuals may have about their savings strategies.
As someone who's still young and just getting started in their professional career, it can feel tempting to 'enjoy life' and spend a bit more rather than save for the future.
24/7 Wall St.https://247wallst.com/personal-finance/2025/02/14/im-26-and-ive-been-putting-15-pre-tax-income-into-my-401k-for-years-and-i-feel-im-doing-too-much/
With such a young age, stashing around 15% of pre-tax income in a 401(k) and banking around $105,000 is impressive.
24/7 Wall St.https://247wallst.com/personal-finance/2025/02/14/im-26-and-ive-been-putting-15-pre-tax-income-into-my-401k-for-years-and-i-feel-im-doing-too-much/
Read at 24/7 Wall St.
#retirement-savings #financial-planning #gen-z #consumer-debt #401k-contributions
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