PF Confession: No retirement fund (kind of)Posted: May 1, 2012
Okay guys, I’m going to be honest again. And I really hate being honest sometimes. I don’t have a 401k fund or any other “real” type of retirement fund. Okay, pelt away with (virtual) stones….and now I will explain.
In the past, I was narrow minded and didn’t focus on savings or anything really besides getting what I wanted right then and there. (Big fan of instant gratification) I did hold jobs but most of them didn’t offer a 401k unless you were considered full time. And I always was a few hours under full time—according to their standards anyways. And I never gave retirement much of a thought as that was SOOO far away. Hello stupidity. And I still don’t have a retirement fund going.
But! I do have a little saving grace. A very little one, some might even say miniscule. The company I work at (without going into too much detail) gives back what you put in. And it’s not even that hard to put in funds—it’s basically my taxes. (Wow this is hard to explain without giving away details) And I’m not eligible to fund a 401k until after my first year of employment here. That hasn’t started yet—and it won’t until July 5th. (Yup I started 2 days before my 27th birthday—I felt like it was the most amazing birthday present ever) So I’ve been doing my research and trying to figure out how I want to do this. Still haven’t made any decisions but I figure I need to start sometime. I should have already started and I know that I could have done a few other things this past year instead of waiting to fund the 401k. But I didn’t. I can’t really go and change anything in the past even if it would be way awesome if I could.
Why is this getting brought up? I’m going to be calculating net worth for us pretty soon. And that won’t be included on my net worth as I don’t really know exactly what I will be getting back from work. (The whole vested thing and all that and more details that I don’t want to go into) And yes, I will be doing net worth for us as we have everything joint as of right now and it would be too difficult and time consuming I don’t want to separate it.
Now question for my readers: anything you would like to see me blog about? And anyone interested in guest posting middle of May area? I have a business trip and I figure it would give people a break from reading my stuff!