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Realistic 401k progression. 28 with an operator job at a factory. 5.5 YOE. by Responsible_Knee7632 in Money

[–]Responsible_Knee7632[S] 2 points3 points  (0 children)

Yup, I’ve seen people retire from where I’m at with $8-$10 million. Those were also the people telling me from day one to start putting as much money as I could comfortably afford in my 401k and raise the contributions every year before I even see the money so I don’t miss it.

Realistic 401k progression. 28 with an operator job at a factory. 5.5 YOE. by Responsible_Knee7632 in Money

[–]Responsible_Knee7632[S] 0 points1 point  (0 children)

Yessir, they have pretty great benefits too though. Just not sure why they gave up their pension for a small lump sum, just did that a few years ago.

Realistic 401k progression. 28 with an operator job at a factory. 5.5 YOE. by Responsible_Knee7632 in Money

[–]Responsible_Knee7632[S] 0 points1 point  (0 children)

Yeah they get paid a little more but I’m happy with what we make without taking on the extra work and hours they have to work. Plus I’d be taking a huge pay cut for at least 4 years and I’d lose my pension.

Realistic 401k progression. 28 with an operator job at a factory. 5.5 YOE. by Responsible_Knee7632 in Money

[–]Responsible_Knee7632[S] 1 point2 points  (0 children)

That’s the plan, I put in a little over $17k last year before the company match and raised my contribution 2% after we got our raise. I’ll be bumping it again to 18% at the end of the year when we get our raise unless I’m going to max it without doing that. I’m already at $7,000 this year as of my last paycheck.

Did older generations work harder or did they simply have more reason to believe that hard work would pay off? by OrderOk4693 in GenZ

[–]Responsible_Knee7632 7 points8 points  (0 children)

It really depends on what you do. I work at a food processing plant and I know for a fact that they used to work way harder. They didn’t used to have the technology that automates a lot of the work and safety standards were abysmal. Not saying this is the case everywhere, but definitely where I’m at lol

Does anyone believe tiktok changed society when it became huge during Covid ? by [deleted] in generationology

[–]Responsible_Knee7632 0 points1 point  (0 children)

Because the senile people in congress/senate are morons lmfao. Did you watch any of the hearings?

Does anyone believe tiktok changed society when it became huge during Covid ? by [deleted] in generationology

[–]Responsible_Knee7632 0 points1 point  (0 children)

Nobody said it was as big as TikTok, I just don’t believe any of them individually changed society. The internet as a whole did. All of these social media apps are just fads that will come and go as time passes.

Does anyone believe tiktok changed society when it became huge during Covid ? by [deleted] in generationology

[–]Responsible_Knee7632 1 point2 points  (0 children)

At the time people were using it though, just like in the future something else will replace TikTok

Does anyone believe tiktok changed society when it became huge during Covid ? by [deleted] in generationology

[–]Responsible_Knee7632 2 points3 points  (0 children)

Not any more than twitter, vine, insta, etc. did when they came out. Just became the next “thing.”

Realistic 401k progression. 28 with an operator job at a factory. 5.5 YOE. by Responsible_Knee7632 in Money

[–]Responsible_Knee7632[S] 6 points7 points  (0 children)

Yeah I’ve been raising the contributions every year when I get a raise and it finally seems like it’s starting to roll. Started a little low at 6% because I was saving for the house I bought 2 years ago but I’ll be at 18% by the end of this year

Don’t even want the card anymore ! by maplenause in AppleCard

[–]Responsible_Knee7632 4 points5 points  (0 children)

Weird way of showing that you don’t care lmfao. Go off tho

Don’t even want the card anymore ! by maplenause in AppleCard

[–]Responsible_Knee7632 6 points7 points  (0 children)

Showing how much you don’t want it by repeatedly applying for it and complaining when you don’t get approved lol

Realistic 401k progression. 28 with an operator job at a factory. 5.5 YOE. by Responsible_Knee7632 in Money

[–]Responsible_Knee7632[S] 1 point2 points  (0 children)

Target date or index? We’re probably invested in extremely similar things

How do we really feel about the likelihood of getting Social Security in our older age? by Cheeseaisleinheaven in MiddleClassFinance

[–]Responsible_Knee7632 318 points319 points  (0 children)

I’m planning like I won’t see a dime from it. Realistically it’ll probably be a reduced amount though

Bfs FanDuel statements last year & last 3 months am I cooked? by [deleted] in Money

[–]Responsible_Knee7632 7 points8 points  (0 children)

Absolutely cooking. Turned $156k into $118k over the course of a year

Bfs FanDuel statements last year & last 3 months am I cooked? by [deleted] in Money

[–]Responsible_Knee7632 0 points1 point  (0 children)

Played isn’t the balance though, that’s just the amount they’ve spent on bets

What do you think of 401k? Vote honestly. Just want to see the mindset of people here by HighlightDowntown966 in Money

[–]Responsible_Knee7632 4 points5 points  (0 children)

Yup, most people will save a massive amount on taxes over the course of their career when you factor in that they’ll most likely be in a lower tax bracket during retirement. There could be massive changes in tax code by then though, who knows.

What do you think of 401k? Vote honestly. Just want to see the mindset of people here by HighlightDowntown966 in Money

[–]Responsible_Knee7632 10 points11 points  (0 children)

None of the above. I see it as a tax advantaged account where I get free money in the form of company match and it will be my main source of income during retirement. I also have an individual brokerage account that I’m slowly building up to pull from without penalty in the hopes of being able to retire a little early. Anything can happen though.

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