We are taking a look at another article from Michael Kitces’ blog. “3 Types Of Retirement And Their Very Different Savings Strategies.”
With life expectancies growing, the idea of a Traditional Retirement and Early Retirement are becoming harder and harder to achieve. The model of growing up and going to school for 20 years, working for 40 years, and then being retired for the rest of your life which is now stretching to 30 plus years if you retire at 60, is harder to make work. The article talks about two other types of retirement as alternatives to traditional retirement.
Then we dive into the PG&E 401(k) and your contribution rates and the company match. Many people think maxing out your 401(k) is a good idea. I am not here to tell you it isn’t, but you need to know how PG&E matches your contributions. It is on a per paycheck basis, so if you don’t contribute on a specific paycheck, PG&E does not make a contribution.
Listen to learn how to ensure you don’t miss out on matching dollars from the company.