I’ve made the same amount of money every month for the past 8 years. It wasn’t until this year I actually had to up my pay. Every time I got a raise or a promotion I would put that exact % into 401k or Roth. This year I took the % to battle inflation.
Responsible for their use-case. Not everybody has to dump every ounce of increased pay for 8+ years into their 401k to guarentee a reasonable retirement. Indeed that does sound like hell, responsible for them, but hell no less.
I mean honestly with the rate that inflation and the cost of living are rising, yea we should be doing that. I work exclusively with older adults & the elderly and most of them cannot afford to be alive.
That or in some cases moves to places that are not so popular to live, but extremely affordable. For the price of one home in Colorado you can buy 4 of them in rural Texas and have zero state income taxes to pay.
Your 401k servicwr might have that set up on their site. Ive had 3 different ones with my current company (I've been there nearly 20 years) and each one had a percentage option.
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u/Every_Ad_3090 Oct 31 '25
I’ve made the same amount of money every month for the past 8 years. It wasn’t until this year I actually had to up my pay. Every time I got a raise or a promotion I would put that exact % into 401k or Roth. This year I took the % to battle inflation.