I am leaving my current job in July for grad school and anticipate that I will definitely have challenges with my 401(k). I will be taking a significant pay cut, so I won’t be able to contribute to my 401(k) anymore.
“When I was a kid, I thought the government just gave you a bunch of money when you got old and stopped working. Of course now I realize that planning for retirement is a lifelong thing.
“I opened my 401(k) in August of 2018 when I started my job in San Francisco. When I started saving, I wish I’d had a better understanding of all the different places and ways you can invest your money. The main concern I had in the beginning was that I was putting a lot into my 401(k) and not enough towards bills. I wish there was a class in high school or college that gave you a more concrete understanding of retirement and how to save.
“I am leaving my current job in July for grad school and anticipate that I will definitely have challenges with my 401(k). I will be taking a significant pay cut, so I won’t be able to contribute to my 401(k) anymore. My current job matches all my contributions, but I have no idea what will happen to my 401(k) when I start school.”
Photograph & interview by Nikolai Ewert
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Claire
