Dad was a accountant and really drove it into my head that I needed to put money aside in a 401K. I started low at 4% but that was when I was 22, and Xerox was matching my savings up to 6%. When I was in my 30's I started bumping up my contributions about 1% every few years. When I moved back in with my parents in my 40's and got out of all debt I pushed it up to 15%. When I retired I was putting in 17% and I ended up with about $400,000 in the 401K. Not bad considering the most I ever made a year was $49K at the end. Lost a bunch in the 401K when our current prez took over. It is just now getting back to where it was 4 years ago. Hoping it will be over a half million by the time I have to start taking disbursements. So I wholeheartedly agree about pushing youngsters to take the long view and save.
