Quote from: TDoS on Mar 18, 2025, 07:50 PMwhat the ODDS your rule applies within the context of modern 401k rules? 95/5? 50/50?
I have no idea what the odds are of having a 401K if your salary is $30/hr. However, these are passive investment strategies which generally yield around 6-7% in a "balanced" portfolio. How much you can actually accumulate over your working years depends very much on the vicissitudes of life, when emergencies come up people dip into the 401K. If you're fortunate, you'll finish with a couple $1000/mo supplement to your SS check and have a more comfortable than average retirement. It's not a substitute for SS, it's a supplement.
RE