401(k)s are kind of like horse racing, only it's lots of money, and you don't get the results until you retire. And if you bet on the wrong horse, you get to live on water and saltines.
(actually, I found our 401(k) process to be really easy. We get ten funds to pick from, which makes everything so much more simple. I think you can pick your own if you want, but I'm not that proactive.)
My husband often gets smug about having 401(k) and his mad financial skillz, while I don't have either due to still being a grad student. Then I tell him that because I'm younger than him, am a woman, and an immigrant, I will outlive him and will then live off the fruits of his labors. That shuts him up for about five minutes until next round of bickering.
I was lucky in that 401(k)s were offered to me as soon as I was hired, even as a semi-perm. My attitude was mostly "huh, whatev," and it worked out well because you can divert a certain percentage of your paycheck to the fund automatically every month. This keeps me from the "OMG AM SO RICH" feeling of a complete paycheck. You'll get your chance for forced savings soon enough. :)
There are very few nonprofits that do 401(k), as far as I know, so maybe no forced savings for me. Am fully prepared to live out my old geezer days on social security, eating dog food. But The Man does what you do, diverts a percentage of the paycheck.
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Then I enrolled in my company's 401(k).
I should be discussing taxes and playing golf any day now.
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Of course, I live in Los Angeles, where everyone has something to say about real estate, but still.
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...
I just made myself sad. :(
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...Yeah, that's probably the saddest thing I've said in a long time.
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Yes, I am 25.
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(actually, I found our 401(k) process to be really easy. We get ten funds to pick from, which makes everything so much more simple. I think you can pick your own if you want, but I'm not that proactive.)
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My husband often gets smug about having 401(k) and his mad financial skillz, while I don't have either due to still being a grad student. Then I tell him that because I'm younger than him, am a woman, and an immigrant, I will outlive him and will then live off the fruits of his labors. That shuts him up
for about five minutesuntil next round of bickering.no subject
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