I’ve been working for four years now and when I initially set up my 401k I thought I had it to where It was maxed out but I recently I discovered that wasn’t that case. Fortunately i was averaging about 11k USD contribution a year. Plus my employers matching of 6% up to 6%.
The rest of my money I’ve been using for play and travel. I’ve bought a couple of vehicles and various things to enjoy that I could liquidate. I’ve also jumped into stock trading and crypto but it’s maybe a fifth of what I have in my 401k
The one person I trust on this topic says I’m still way ahead of schedule. According to him I only need half my salary by the age of thirty. Well I have about what I make in a year in my 401k at 27.
It’s my fault for not tracking my 401k better than I did and the fake that I missed out on adding thousands to my 401k this early on is giving me a lot of anxiety.
How big of a missed opportunity was this for me? I could easily liquidate some of my possessions and get 30k+ to invest to cover for this mistake but idk if I should or shouldn’t. I plan on getting a house this year so I doubt I’ll be able to keep my max contribution for my 401k once I have a mortgage.
Edit: that’s an unfortunate typo in the title I can’t edit out
Submitted January 05, 2022 at 12:21AM by jeepnismo https://ift.tt/3zoryFG
