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What does someone who doesn't know shit about investing and retirement and stuff need to know about 401ks? (lemmy.world)

submitted 9 months ago by LaunchesKayaks@lemmy.world to c/asklemmy@lemmy.ml

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I'm having a meeting to set mine up on Thursday. My company matches 3%, and that's what I'm putting in.

I hope that the dude I'm meeting with can choose my investments for me, but idk if that's an option here.

I want to be prepared.

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[–] LaunchesKayaks@lemmy.world 2 points 9 months ago

Thanks so much for the advice! I plan on increasing the percentage at the end of next year when my current financial woes are over. Hopefully I'll get a raise at my upcoming annual review, so I can contribute more.

The guy I'm meeting with is an outside dude who does 401K and investment advising.

I am like 40 years away from retirement and have only been working in my field for close to 1.5 years.