FundRobot » Global Fund » Is $18,300 in a 401k: poor, adequate, or good for a 24 year old?

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Old   #1 (permalink)
 
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Default is $18,300 in a 401k: poor, adequate, or good for a 24 year old

is $18,300 in a 401k: poor, adequate, or good for a 24 year old. is $18,300 in a 401k: poor, adequate, or good for a 24 year old

Gamer125 is offline   Reply With Quote
Old   #2 (permalink)
 
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Default is $18,300 in a 401k: poor, adequate, or good for a 24 year old

u doing better than 99.5% of 24 yr olds

read Total money make over, dave ramsey
so u get to keep more of your money
in yrs to come.
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Default is $18,300 in a 401k: poor, adequate, or good for a 24 year old

Considering where I am at I would say it is a decent start. Salary rises with experience, so will your 401k.
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Default is $18,300 in a 401k: poor, adequate, or good for a 24 year old

It's good. The bigger question is how do you have it allocated?At your age.... 100% in stock funds is a great way to go. Maybe 25% in International Funds and 75% in US Stocks. Use Large Cap, Mid Cap and Small Cap funds to fit this need.

You have an advantage.... don't blow it because you don't know Fund basics and Investing basics. read 2-3 books to get a general "feel". Don't listen to peers for ideas..... better yet.... learn enough to have your own ideas.
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