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Investing/Strategies / Retirement Investing
|Subject: Re: New law needed for 401k||Date: 10/8/2007 1:51 PM|
|Author: 2old4bs||Number: 59496 of 75885|
As it was for every 55 year old when they were 25 which was right around when 401Ks started to be come available.
Well, not quite for "every 55 year old when they were 25".
FWIW, very few companies offered 401Ks when they "started to be come available" (which would have been 30 years ago according to your calcs). Most companies got on board in the late 80's, and some not until the early 90's. My company didn't offer one until 1990 (when I was 40, not 25).
That leaves a lot less time to accumulate funds.
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