This is a quick followup to the previous post. Many employers limit their employees to a maximum savings of 15%, even though the federal limit is $15,500, up to 50%. So unless the employer matches 4% even a diligent, aware investor can't reach the target savings rate within their retirement account.
This isn’t all the companies’ fault, IRC limitations also come into play with an estimated 52% of people who aren’t maximizing their 401(k) being unable to because of plan nondiscrimination testing. Should you punish the diligent saver because their co-workers aren’t saving? You do if you are the US government!
With Social Security on shaky footing and pensions going the way of the Dodo, it's shameful that the government doesn't give employees a viable replacement.
BTW, I am still working on how I'm going to share my spreadsheet, I might end posting it on google sheet.
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