After making the decision to focus a little less on debt and a little more on retirement, my husband and I took action this past weekend. He increased his 401k from 1% to 10% and I set up my 457 plan to make a tax deferred contribution of $500 a month (plus $40 cash match). I’m a little nervous to get our reduced pay checks next month, but if I have done my budgeting well, we should have nothing to worry about.
I’m hoping this will put us in an excellent position when the market decides to make its big comeback . . .
