Comments on: Share Your 401(k) Story For a Chance at $1,000!

By: J. Money

J. Money — Thu, 29 Sep 2022 18:35:57 +0000

In reply to Leila.

Hah – totally!! If it weren’t for my parents forcing me to apply to things growing up I never would have either :( I’ll have to keep my eyes open for similar grant-like stuff… Can’t think of any at the moment but there’s gotta be more out there?! It can’t just end when we grow up…

By: Leila

Leila — Thu, 29 Sep 2022 17:19:31 +0000

Cool! Thanks for sharing, I will be sure to enter! Do you know of any other “adult-life” scholarships/grants like this?
I didn’t try hard enough while in college to apply for scholarships and I wish I did. I also always wish there were things to apply for now!

Thanks again!
-Leila

By: J. Money

J. Money — Tue, 27 Sep 2022 20:10:01 +0000

In reply to Chris. hah - awesome! you gotta do whatever it takes to make it happen, right? ;)

By: Chris

Chris — Tue, 27 Sep 2022 16:35:04 +0000

You’re the first person I’ve heard that lived partly off savings so you could max out retirement, (like we do sometimes).

By: J. Money

J. Money — Tue, 27 Sep 2022 15:18:32 +0000

In reply to Chris. lemme know if you win!!

By: Chris

Chris — Tue, 27 Sep 2022 14:51:36 +0000

Thanks! I just entered.

By: J. Money

J. Money — Mon, 26 Sep 2022 21:57:13 +0000

In reply to Jim.

Triple – nice!! Good thing those investments were tied into a 401(k) too so less chance of you cashing out and moving around during those scary times of ’08 :) It’s gone up SO MUCH by then and like you said you didn’t have to do a thing!

I wonder when the last time someone brought up the 401(k) option with your employer? Think it’s worth revisiting it and seeing if you can get lucky? Maybe if you help them navigate it or something?

By: J. Money

J. Money — Mon, 26 Sep 2022 21:55:01 +0000

In reply to freddy. YESS!! GOOD!! We need more 401(k) angels like you!! I hope you submit your essay as that's exactly the kind of stuff they're looking for! Then just throw in a few (appropriate) laughs too so they really can't resist ;)

By: J. Money

J. Money — Mon, 26 Sep 2022 21:53:52 +0000

In reply to John M. This is true, actually! But still won't be able to get any *free* money as I'll just be paying myself, lol... I should look back into it though as it's been a few years since comparing it with the SEP.

By: Jim

Jim — Mon, 26 Sep 2022 21:13:47 +0000

Yep J, I loved my 401K from a previous employer, but the company I’ve worked at for the last 14 years, doesn’t have one. However, the money I managed to save from my previous employers 401K, and their nice match, has tripled since I left in 2008. I can’t say I had too much to do with it tripling, so I’m grateful to have had that opportunity to work for an employer who helped me squirrel away a ton of acorns! It’s really paid off!