Oldfart
Well-Known Member
Most anyone can afford to put in 6%. Considering you are lowering your taxable income at the same time and getting a 55% return on your money right away, it is worth the sacrifice. How many people complain they are short on money as they sit in line at Starbucks or at 7/11 buying their Marlboro's and a 6 pack of Falstaff. You have to make sacrifices while you work to live comfortably when you retire. Instead of eating out every day for lunch, take your lunch and save that $45 a week. I have been taking my lunch most days for many years and not only can you eat healthier, you can save a ton of money in the process.And if you're paid enough to properly fund your 401k that can work. Most FedEx couriers aren't. And you have a better pension. We're talking about cashing out a traditional pension and investing in the stock market. Might work out, but very risky as one of the pillars of your retirement income. But a real boon to the company if they can get enough people to do it.
Valentines day is coming soon. Our station is adding extra routes next Saturday. If yours is, work some overtime. If yours isn't, you can walk into most any florist next week and they will put you to work next Saturday delivering flowers. I have done that on Mothers Day and Valentines day many times and loaded up my wife's mini van and made $5 a delivery. $150-200 cash money is not out of the question. Many people want to claim they don't have the money but not a whole lot of people want to do anything about it.