The 401(k) Mistake I Wish I Hadn’t Made Years Ago

Dear Me: A letter to myself reconciling past financial missteps and mapping out positive steps for a secure and happy future. Don't worry, we can fix this.

(Image credit: Getty Images)

Dear Me: This letter is going to sting a little bit.

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Header Cell - Column 0 Age 21-30Age 31-55Total InvestmentValue at age 55
Self Starter$10,000 per year$0 per year$100,000$1,071,477
Self Inflicted$0 per year$10,000 per year$250,000$789,544

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Phil Wright, Certified Fund Specialist
Vice President of Marketing Communications, Jackson National Life

Phil Wright is Vice President of Marketing Communications at Jackson National Life Distributors LLC (JNLD) and an award-winning financial writer. He started with the company in 1994 and focuses on the development and creation of marketing business content. He is a Registered Principal and Certified Fund Specialist (CFS®).