Personal Finance and Investing

I often get an hour with each of my company's manager trainees. I always take 10-15 minutes of my time to advocate for starting their retirement saving ASAP. At a minimum, they should contribute the maximum to get the max match from the company.

I'm usually pleasantly surprised how most have already been thinking about it.

I always push the make-up period where those of us over 50 can give a higher amount.

I always talk about how the earlier they start, the sooner they learn to live without the $$$.

As an aside, I don't understand why the govt limits me on how much I can contribute to my 401(k). Almost every year after my company's 401(k) discrimination testing, part of my retirement contributions are returned! It's annoying. If I wanted to put 50% of my earnings in retirement, I should be able.

The age for having access my 401(k) should be lower. I'd reduce it to 55. Were I calling the shots, there wouldn't he q minimum.