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<blockquote data-quote="Oldfart" data-source="post: 2481698" data-attributes="member: 64407"><p>My retirement will be dependent on my 401k, with my pension being a very small portion of my income.&nbsp; Everyone has the same opportunities as I have to build their 401k.&nbsp; Put in your 6% and get the 3.5% match and watch your money grow.&nbsp; Getting just 5% return you should be able to build a nest egg of close to 450k if you started at an early age. The fact that newer employees do not have 2 pensions should not prevent them from saving money in the 401k.&nbsp; I have made sacrifices my entire working career to live comfortably when I retire. If people are not putting money in their 401k and preparing for the future, having 1 or 2 pensions is not gonna be their saving grace.&nbsp;&nbsp; That pack of smokes, that Starbucks, that new car you had to have all take away from the money you should be saving.&nbsp; You should be able to retire on your 401k and not even depend on your pension.</p></blockquote><p></p>

[QUOTE="Oldfart, post: 2481698, member: 64407"] My retirement will be dependent on my 401k, with my pension being a very small portion of my income. Everyone has the same opportunities as I have to build their 401k. Put in your 6% and get the 3.5% match and watch your money grow. Getting just 5% return you should be able to build a nest egg of close to 450k if you started at an early age. The fact that newer employees do not have 2 pensions should not prevent them from saving money in the 401k. I have made sacrifices my entire working career to live comfortably when I retire. If people are not putting money in their 401k and preparing for the future, having 1 or 2 pensions is not gonna be their saving grace. That pack of smokes, that Starbucks, that new car you had to have all take away from the money you should be saving. You should be able to retire on your 401k and not even depend on your pension. [/QUOTE]

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