Every financial blog or magazine tells you to fund your 401K. I absolutely agree. Do it now. Do it when you are young. Do it!
Let's assume you listened to this part. Now I'm going to tell you to put in more. More? How? Well, next time you get a raise put some or all of that in your 401K. Let's say you get a $100 a month raise. Act like you didn't get a raise and put the whole $100 in your 401K. You will increase your savings in the 401K plus avoid paying income tax on the extra $100. Even if you can only put a portion in, DO IT!
Put in whatever you can, then raise that amount each year. At least put in enough to get any of your companies matching money. That's the easiest money you will ever make. Do it!
Once you get all the company matching money, then raise it again. Every year you get a raise put part of it towards your 401K until you max it out. Read your companies brochures and see how this money will grow. It's amazing. You need to do this. Social Security won't meet your needs. You need to plan for this on your own. The generations working now don't have the retirement plans our parents did. We are on our own.
After you do all this and build up that retirement money, don't take it out until you retire. Don't tap into this money to buy a house or buy a car. Don't do it! If you have to do this, then you can't afford whatever you are buying. Only take this money out before your retirement if you have pretty much used up every other avenue and you need this money to buy you food.
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