posted in Asklemmy
40 year olds, what financial advice would you have for a 30 year old?
50 and older, I’m sorry, but in my personal experience, your advice has been a little out of date.
Replying to @Kronusdark@lemmy.world
I think I maybe signed up for it when I was 23? I’ll have to look into it again
Replying to @StarvingMartist@sh.itjust.works
I was a dumbass and withdrew my first one when I changed jobs around age 26. That job had profit sharing too. Such a waste.
Replying to @StarvingMartist@sh.itjust.works
Check that your fund allocation is appropriate (e.g. a target-date fund or otherwise 80%+ stocks). It would be an absolute disaster if your money has just been sitting in the cash sweep account this whole time.
Also, up your contribution percentage to max it out.