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Originally Posted by Damnsammit  Yeah, I tend to trust what DA is saying more than CNN. The only thing I don't understand is why economists would purposely give false hope through the media. That would ruin their credibility as economists in the end, wouldn't it? |
you presume they have any to start with
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Originally Posted by Damnsammit Also, a very important question I have for you. I'm 24, so I am not retiring anytime soon. However, I do have a 401k with my company. I had it set at 5% until November of last year and dropped it down to 0%. Then recently I heard that even if the worst happens, it is still wise to put at least some money in the 401k right now so I bumped it up to a whopping 2%. In your expert opinion, should I increase it more? |
we always fully fund in February but we're a typical I suspect....
I've never heard anyone advising not to fund one's 401k as much as was affordable.