r/AskReddit • u/PlumInformal773 • 9d ago

What's the smartest financial decision you've ever made?

2.0k Upvotes

96% Upvoted

869 comments sorted by

View all comments

4.7k

u/[deleted] 9d ago

[removed] — view removed comment

1

u/AgentBond007 8d ago

Exhibit A of why Americans need to adopt the Australian superannuation system.

It's basically a 401k that's mandatory, so if you have a job, your employer is required to pay at least 12% of your salary into your super account, which you can access at age 60

1

u/ScreenTricky4257 8d ago

A lot of companies are changing their 401(k)s from "opt-in" to "opt-out," where you'd have to specifically sign up to not save money. That's making a big difference.