Everyone on this subreddit just casually talks about "just max out your 401k" in over 3/4's of the posts I read here.
At $23,000/year that's a third of my $70k salary. And that's not even counting cost of health insurance and, FICA, and other mandatory deductions.
I can get behind saving 15% or $800/month, or even stretching that to $1000/month. But how does a person earning a median salary (US median is 63k) put away $2000/month with the cost of living and how expensive rent is these days?
And if it's unreachable for the average person, they why does reddit push it so hard in the majority of posts here?
Submitted September 20, 2024 at 01:49AM by NoHousing11 https://ift.tt/PWJcitb
