Now that I'm prego, I've been trying to stay as comfy as possible so here's this weekend's OOTD when I went with my friend to get her wedding dresses tailored. :)
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| Jacket: Old, mentioned here but cute option here. Tee: H&M (old, mentioned here but cute option here). Pants: H&M Girls (old). Sneakers: Nike (similar here). |
I know retirement savings is not an interesting topic and also is a very confusing topic for many, myself included, so I just want to share my own thoughts and what I've learned about it.
I just want to point out that it's really important to have either a 401(k) or Roth 401(k), so if you have one of these, you're on the right track. I remember taking a long time to decide between which one to choose and ended up with the Roth because I prefer to have the taxes taken out now. That's really the main difference between the two - if you are strapped for cash then you may want to consider the 401(k) since it's funded with pre-tax dollars, while the Roth means you'll have to pay more in taxes now, though you'll end up with more during retirement. I, personally, like to know how much I actually have saved and also feel I will earn more as my career progresses, which means the taxes I pay now will likely be lower than when I retire so prefer the Roth for these reasons. In your 20s, your contributions will have decades to grow tax-free. As for the amount to contribute, I started safe and low and have since increased it to where I am comfortable with the amount without missing it and will probably keep it the same since I'll be starting a family soon. :)
Leaving you with the quote of the day, "Courage is being scared to death, but saddling up anyway." -John Wayne
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