My 47-year-old mother is an RN who makes over $100 per hour and her 401(k) only has $167k in it and she doesn't understand how behind she is
Briefly

from 24/7 Wall St.1 month ago
Even individuals with high hourly wages can find themselves lagging in retirement savings, particularly if they are overly reliant on their 401(k).
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/08/my-47-year-old-mother-is-an-rn-who-makes-over-100-per-hour-and-her-401k-only-has-167k-in-it-and-she-doesnt-understand-how-behind-she-is/
While a 401(k) can be a 'set it and forget it' approach to saving, reviewing your retirement plan is crucial to ensure you're on track.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/08/my-47-year-old-mother-is-an-rn-who-makes-over-100-per-hour-and-her-401k-only-has-167k-in-it-and-she-doesnt-understand-how-behind-she-is/
Regularly checking your 401(k) and understanding its performance, especially compared to market growth, is essential to avoid retirement shortfalls.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/08/my-47-year-old-mother-is-an-rn-who-makes-over-100-per-hour-and-her-401k-only-has-167k-in-it-and-she-doesnt-understand-how-behind-she-is/
In the case of a registered nurse earning $108 an hour but facing stagnant growth in their 401(k), drastic changes may be necessary to improve outcomes.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/08/my-47-year-old-mother-is-an-rn-who-makes-over-100-per-hour-and-her-401k-only-has-167k-in-it-and-she-doesnt-understand-how-behind-she-is/
Read at 24/7 Wall St.
#retirement-planning #401k #savings-strategies #investment-performance #financial-advice
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