Re: Retirement Contributions - How Much?
The advantages of contributing early cannot be stressed enough. Early on, I only contributed 5% of my income to take advantage of the matching funds and NEVER moved my money between the funds. About half-way through my career, I began contributing 10% and started paying attention to the market. That's where I've been for the remainder. I've got less than a year to go until retirement, so I don't plan on making any changes at this point. I will likely reach my goals with my account, however, so I'm not complaining and I will continue to manage my account for several years after contributions are halted.
My biggest regrets: Not contributing the max from the beginning and not managing my account until crunch time was nearing. I missed several opportunities, such as what we're living through right now in 2020.
Scott Harrison
Senatobia, MS
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