I see the advice so often “max out your 401k” and then all the other typical advice, paying high interest debts, budgeting, etc in no particular order here. To max out a 401k in 2024 the limit is $23,000. Are y’all really making enough that you can take $23,000 out of your yearly income and still live life? I thought I was doing ok making 80k but there’s no way I can just cut 25% out of my budget.
original posted by Cherrylimeaide1 to r/personalfinance on Sun, 14 Apr 2024 15:49:04 GMT.