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I went through an exercise when nephew got his first job out of college. They offered a 401k benefit but no company match. I asked him if he had 1% less of his take home pay, would he miss it? He said no. I asked him if he had 2% less, would he be unable to pay his bills? No. This continued until 7%, when he said he felt that would start causing him financial stress. So 6% was the amount he chose to put into his 401k.

Who notes that was a couple years ago and the poor kid is too busy to sit down and go over where's he's at now...

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