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MichMan

(11,963 posts)
17. I'm planning on retirement in a few months
Sat Feb 13, 2021, 11:18 PM
Feb 2021

Last edited Sun Feb 14, 2021, 06:39 PM - Edit history (1)

We are middle class, but our 401k has done very well over the years. Put aside around 6% a pay, so it wasn't a huge amount; had a company match much of the time, but not all. Just left it alone for 30 years and fortunately, never had to touch it.

Like many people, I bounced around in a few different jobs, so the 401k was much better suited for retirement than defined benefit pensions would have been. A few jobs I worked at less than 5 years, so being able to roll over a 401k was beneficial in my situation.

I wouldn't like having to turn down better jobs & being stuck in a job I hated just because I had too many years already invested in a pension at one employer. Looking forward to retirement as I have been disliking my job the last year or so.

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