Hey folks,
I am in my mid 30s and have 130k in 401k accounts. I started contributing late and now I am maxing the limits. About 10% of my salary goes to 401k. Thinking if I am overthinking this and if I should just contribute 6% instead!
Could you pls share your age, 401k bal and your contribution% as of today?
Also where are you guys investing this money? Which etf/ stocks/ funds ???
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comments
Age 26: $130k in 401k
My 401k balance is just over 1M. I started maxing out my 401k in 2017 at 45 and the balance then was under 350k. I also invested well and moved a ton of money out of AT&T stock into Netflix, Amazon, apple ect. When they were cheaper and bought mdb when it was 40 a share. After maxing out my 401k, I did invest some in a separate brokerage and also saved a lot in cash.
I didnโt start saving heavily until late because I was putting a partner through school and that Included paying all the bills. Once that was all done I put all of it towards savings. Whatever you do with the rest aim for diversification.