3 ms·
While “maximizing” is a vague word, truly maximizing contributions to various retirement plans is out of reach for most people. The median individual income in
by sseagull 5y ago
While “maximizing” is a vague word, truly maximizing contributions to various retirement plans is out of reach for most people.
The median individual income in the US is about $36k. Maxing out just a 401k is about $20k.
- throw0101a 5y agoNick Maggiulli: > But seriously, his advice has little to nothing to do with how he retired early. The reason his advice misses the mark is simple: >> All the expense tracking and goal setting in the world cannot make up for an insufficient balance. * https://ofdollarsanddata.com/the-biggest-lie-in-personal-finance/ https://ofdollarsanddata.com/the-biggest-lie-in-personal-fin... But we're on HN, so I would hazard to guess most folks reading/posting around these here parts have higher-than-average income.