We were supposed to have our retirement plan figured out by now, right? Turns out most of us don’t, and that’s actually pretty normal for our generation.
If your 401k looks sad, you’re not alone. Between raising kids, helping parents, and surviving multiple recessions, retirement savings kept getting bumped down the list.
But every year you wait makes it that much harder to catch up. Compound interest works both ways, and right now it’s working against you.
Start today with whatever you can actually afford, even if it’s embarrassingly small. Five percent is better than zero percent, and you can increase it later.
Catch-up contributions exist specifically for people over 50 because they knew we’d need them. Use them. It’s literally free extra space to save.
We’re the generation that figured out how to program VCRs and survive dial-up. We can absolutely figure out how to salvage our retirement before it’s too late.
