Thanks for all your help! To answer your question yes DH company has a 50% match up to 6%(so 3%) and yesterday when I just couldn't figure out why I couldn't find the things recommended I just googled "401K doesn't offer index funds" and yep, things came up that said sometimes companies do not have them only active funds and they recommended, like you also said, to write a letter to the company asking them to add that. So we'll see what we can do there. I will also look up those books recommended!
Someone also asked what the percentages meant. I signed up to have them automatically adjust the investments in line with retirement. So the first percentage is today and the 2nd row of percentages is 20 years from now at retirement. I just wasn't positive if it was the right thing to do or if I should have chosen them myself or what I should do.
I know we will never have a million dollars saved even though I know that is "recommended" (or more). Our income has risen in the past 2-3 years (from like 40K to 70K) So what we saved back for the last 15 years for retirement, although faithfully, wasn't a lot. I feel like since we are earning a little more now, we can save a little more. I just want to make sure what we do contribute is being done the best way.
Again thanks for all the help. I knew there were smart folks here
Someone also asked what the percentages meant. I signed up to have them automatically adjust the investments in line with retirement. So the first percentage is today and the 2nd row of percentages is 20 years from now at retirement. I just wasn't positive if it was the right thing to do or if I should have chosen them myself or what I should do.
I know we will never have a million dollars saved even though I know that is "recommended" (or more). Our income has risen in the past 2-3 years (from like 40K to 70K) So what we saved back for the last 15 years for retirement, although faithfully, wasn't a lot. I feel like since we are earning a little more now, we can save a little more. I just want to make sure what we do contribute is being done the best way.
Again thanks for all the help. I knew there were smart folks here

Comment