/biz/ - Business & Finance

Kek you should really look at your workplace retirement packages. Under new congress rules (secure act 2.0) employers are required to put you in 401k's if that company has over a set number of employees. However nothing says what exactly that 401k has to be in. Nor is a "match" required either. So on to the images. The first one (Top left corner) is a puny target fund w/low ball default contribution of $60 a month. After 30 years you don't even have 100k to look at. Shameful ain't it?. The middle image is a S&P fund with $100 a month tossed into it. A somewhat better amount is looking at you. The last image (top right corner) is what happens if you let that 401k roll on till your 70 untouched.