I don't know about you but I was real clueless when I got into the workforce and was asked if I wanted to contribute to a 401K.
Before making a decision, I had a little conversation with myself in my head that went a little something like this:
"What the heck is a 401K?"
"That sounds real shady."
"It's gonna be coming out of my paycheck? Nah, I need ALL of my hard earned coins!"
"Well I guess I should sign up for it because they say they're gonna match me. What's the worst that can possibly happen here?"
I know I'm not the only one who has had a similar convo with themselves. I wasn't even thinking about no retirement, I was fresh out of school and simply trying to gain some real life experience and look fly while doing so. I was focused on what was going on in my world that day, that week, that month.
Nah, 30 to 40 years down the line didn't exist to me.
I ultimately ended up putting a good chunk of money into my 401K while at my first job, but when hard times hit a few years later, I was up against a wall and had no choice but to pull all of my money out. There I was with no savings, just like that. I didn't know any better though. Fast forward a few years, I started learning more and more about retirement planning and the different types of Individual Retirement Accounts (IRAs) and having real life conversations with my peers about it.
Shamese CampbellThe General Ledger Group
When I heard Shamese Campbell of The General Ledger Group tell her story, it struck a chord in me. Imagine making millions and millions of dollars as a boss babe business owner, traveling all around the world, and living the high life for years and years, but now being in retirement age with absolutely nothing to show for it.
This is Campbell's 82-year-old grandmother's reality. When business was booming, she was so focused on the "here and now" that she didn't think to plan for retirement. "We don't think about these things when we're young," Campbell said.
In the age of boss babes and Girl CEOs everywhere, it's especially important to ensure that the money you're bringing in while hustling has an assignment. "Everyone's always so focused on securing the bag that they're not even thinking about managing it and putting it aside for the future," she continued.
When you work for yourself, you have to make sure that you don't lose sight of retirement planning. Just because you may not have access to an employer sponsored 401K plan, doesn't mean that you can't contribute. You can take advantage of an IRA and set it up to where you're contributing the maximum amount each year ($5,500) so that you can earn more on your investment. This will allow you to ensure that you're gonna actually be able to enjoy the fruits of your labor over the years once you're ready to throw in the towel.
There's two common types of IRAs: Traditional and Roth. The difference between the two is that with a Traditional IRA, you're getting a slight tax break because you're putting pre-tax dollars into it. When it's time to withdraw, you'll get taxed on it. With a Roth IRA, it allows you to invest with after-tax dollars so that when it's time to pull from it, it's completely tax free. The unfortunate truth is this though: retirement seems so far away for so many millennials and, as a result, they are either not saving at all for it or not saving enough.
The General Ledger Group
It's a foreign concept for those who were never educated on the importance of retirement planning.
The whole point of retiring is so that you won't have to work anymore. Campbell says that, "If you have to get a job after retirement, then you've done something wrong along the way."
That's why we see so many older people working jobs these days. Not because they necessarily want to, but because they have to in order to survive. Think about it: do you want to be standing in front of a Wal-Mart greeting people when you're 70 years old? If your answer is "no," then it's time to really shift your mindset and start thinking about and planning for your FUTURE SELF.
Wherever you are in your workforce journey, it's never too late to start pouring into your future. Here's a few ways that you can ensure a happy and thriving retirement for yourself.
Make it a priority.
It's sad to see how we work every single day for so many years and end up broke, busted, and disgusted at the end of it all. That's because we're so conditioned to go to work in order to pay bills. Campbell says that you should be making it a priority to pay yourself first before doing anything else. Regardless of how much you're putting in, it's imperative to be contributing something. Start small if necessary and increase your contributions over time. You also gotta make sure that you're disciplined enough to not pull from it like I did when things got a bit rough.
Know where you are to know where you're going.
A lot of times, people don't know how much it truly costs to live the life that they live or even how to calculate their financial independence number. You have to have an idea of how much money you even need in order to retire comfortably and maintain your standard of living or better. Additionally, you have to take into account inflation over the years. Ask yourself this: With how much you're contributing currently, is your future self gonna be good or nah?
Sit down with someone.
Regardless of whether you're an entrepreneur or work a traditional 9-5, you should be sitting down with a professional to discuss your options and create a plan that will allow you to live the life you desire after retirement. You should also meet with them multiple times over the years to make changes to your contributions as needed. You do not need to figure it all out on your own, that's why there are qualified people who are willing and ready to help you get the most bang for your buck.
Campbell says that you should be planning for the future so that the future can take care of you. If you're not looking out for you, then who will? Make yourself a priority and do what's necessary TODAY so that you can live your best life TOMORROW.
Featured image courtesy of The General Ledger Group
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Overall, April is a month of feeling things through, taking more intuitive risks, investing in yourself, and balancing your needs with the needs of your relationships.
Read for your sun and rising sign below to see what April has in store for you.
AriesKyra Jay for xoNecoleARIES
April is your month to shine, Aries. With the chaos of March now over, you are starting to see the progress of where life is and how everything has turned out even better than you were expecting. The month begins with the Sun in your 1st house of self, and you are feeling more confident, courageous, and in tune with yourself. With a Full Moon in your sister sign on April 12, relationships are also coming full circle for you now, and you are claiming your peace this month.
Mercury finally goes direct on April 7 and then enters your sign from April 16 to May 10, and this is going to clear up any miscommunications that you have been through. With Mercury now in your sign, your conversations are lively, your mind is inspiring, and you are thinking one step ahead. Before the month ends, Venus enters your sign from April 30 to June 6, and love is also moving forward for you now. Overall, this is a month where you are experiencing some happy outcomes and loyal support.
TaurusKyra Jay for xoNecoleTAURUS
April is a month of passion and purpose, Taurus. You are living in your abundance, and are focused on valuing yourself and the things you are bringing to fruition right now. Venus, your ruling planet, goes direct on March 12 after being retrograde in your financial house since March 1, and you are moving into the month experiencing more opportunities and also feeling more respected in what you are accumulating for yourself and standing your ground on.
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GeminiKyra Jay for xoNecoleGEMINI
This month is all about the options becoming available to you now, Gemini. With your ruling planet Mercury going direct at the beginning of the month on April 7, you no longer feel as held back or out of place as you may have in the past weeks. With Mercury now direct, your thinking is clearer, and you are seeing the opportunities in your career and professional world that you may have missed before.
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CancerKyra Jay for xoNecoleCANCER
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LeoKyra Jay for xoNecoleLEO
Things are turning around for you for the better, Leo. April is a dynamic month, and you are owning your inner alchemist. With a Full Moon in your 3rd house of communication on April 12, you are getting the messages you have been looking for and the mental clarity you have found is bringing closure to some of your close relationships. This month is about being flexible and trusting the changes that are happening for you right now.
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VirgoKyra Jay for xoNecoleVIRGO
This month is all about building new foundations in your life, Virgo. You are feeling more supported and in tune with your own inner needs and interests, and it’s bringing you closer to people and systems that resonate. Your ruling planet Mercury goes direct this month on April 7 after being retrograde for the past few weeks; bringing more clarity, understanding, and compassion to your partnerships in life. You are focused on love this month and are working together with others to make your dreams come true.
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SagittariusKyra Jay for xoNecoleSAGITTARIUS
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PiscesKyra Jay for xoNecolePISCES
This is a month where your heart is shining, and you are feeling in tune with the progress you have made in your life and within your relationships, Pisces. You are owning your value, your worth, and the beauty of who you are, and are ready to leave the past behind. With Mercury and Venus both going direct in Pisces this month after being retrograde in your sign for the past few weeks, you are in a better space than you have been, and there are fewer obstacles and miscommunications in your life.
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For instance, people who have only had sex with their spouse reportedly have a 45 percent greater chance of having a really stable marriage. Another study says that 71 percent of men who have only had one partner are very happy in their marriage as opposed to 65 percent of men who’ve had two or more partners. And still, another report has stated that women with 10 or more partners are most likely to divorce while women with only one partner are the least likely to.
It's another article for another time about why this all may be the case. For now, I just thought it was important to remind cyberspace that virgins are not obsolete (check out Newsweek’s “Number of Virgins in America Hits Record High” that came out just this past January) and there are some former virgins in this world who not only waited until their wedding night — but, for their own special reasons, are oh so very glad that they did.
Giphy1. Lynn. 28. Married for Three Years.
“I come from a generation of virgins and I’m proud of that. My mom was a virgin when she got married. So was my grandmother. I was raised that my body is a wedding present and so I’ve always seen myself that way. I’m officially out of my newlywed years and while it took about a year for me to really get the hang of things, I like that my husband is the only man that I’ve known. I don’t have anyone to compare him to. I’m not wondering if I’m missing out. He was a virgin too, so we’re not worried about mystery babies or incubated diseases. Sex is peaceful in my home. I’m glad that I waited.”
2. Adina. 35. Married for Eight Years.
“I’ll be real — I was a virgin on a technicality. I think a lot of virgins are because I didn’t have intercourse until marriage — but there was some oral action going on up in here for years. That’s just the truth! It’s not that I don’t think that oral sex is sex — I just liked that I could have the pleasure without worrying about pregnancy…and yes, not wanting to get pregnant is the main reason why I waited until marriage. I will say that giving my husband something that no other man had before did make the wedding night special — awkward, kind of uncomfortable and funny as hell at times but really special. I don’t regret it.”
Giphy3. Marie. 29. Married for Two Years.
“I didn’t plan on being a virgin until marriage. My goal was just to not give it up unless I loved someone — and that didn’t happen until my husband. When he found out that I was a virgin, he didn’t want to risk us dating, having sex, and breaking up. He said that it would have been on his conscience for the rest of his life. So…we waited. I didn’t expect that to make me love and trust him more but it did. If he could guard my heart while dating me, I’m sure he can protect me well now that we’re married. Waiting made me feel safer in my relationship. That is probably the best thing about it.”
4. Eliana. 30. Married for Six Years.
“People like to act like sex isn’t a big deal and that’s a damn lie. Anything that can give you a child or a disease that could end your life isn’t something that you should not care about. It’s not that I wasn’t curious or tempted or that there weren’t times when I didn’t come close, but so many of my friends had regrets about…not really the sex but who they chose to have sex with that I didn’t think it was worth the stress. I do think that if you are going to wait until your wedding night that you should find some wives to talk to because, baby, I was not prepared. I think that is a part of what marriage is about, though — having some things that you learn about, only with your spouse, knowing that it’s not a performance but an experience and since you’re married, you have all of the time in the world. There was a learning curve but we’ve got it down now, ma’am. Thank you very much.”
Giphy5. Krystal. 27. Married for Four Years.
“I’ve always thought it was weird that people think that virginity is only tied to religion. I’m agnostic and I was a virgin until I was 23 because I watched how the college years went for most of my friends and I decided to pass on STIs, unwanted pregnancies, and being caught up in guys who I didn’t see a future with. Life was easier for me not having sex and now I can enjoy my husband without the drama that my friends went through. You don’t need religion to use discernment.”
6. Michelle. 24. Married for One Year.
“I don’t know why people think that being a virgin means that you don’t think a lot about sex or have valid things to say about sex. For me, staying a virgin was hard but the reason was simple: I have a vivid imagination and I didn’t feel like having to think about what I should try or hold back from when it came time to do it. I know women who are like, ‘I’ll have sex with you but won’t suck your d-ck’ or ‘I’ll have sex with you but not in these positions.’ Girl, that man is in your body. What are all of these rules about? If your first time is something that you will never forget, I wanted mine to be no rules, no boundaries — we in this bitch! And that’s just how my wedding night was. I love him. He loves me. We’re gonna do whatever, whenever, however, for the rest of our lives. To me, that’s how sex should be.”
Giphy7. Francine. 33. Married for Four Years.
“I was too busy for sex. Call it strange but I just had too much on my plate. I think some people go to college and lose it because they didn’t have a real plan. College is something you do and so you go — and then you get distracted. That wasn’t me. I knew what I wanted to do, so, as fine as some of the men were, I wasn’t going to waste my time or my scholarship. Then, once I got my master’s, I was focused on getting a job and buying a house, so I didn’t do a lot of dating then either. I guess the universe didn’t want me out in these streets for too long because once I was ready to have a dating life, after three flop dates, thanks to a set-up, I met my husband, we dated for six months, and got married. It’s weird because I didn’t put much thought into being a virgin until my wedding night while I was living my life but now that you ask, I’m glad that I waited because, since I am such a planner, it’s nice that I don’t see sex as something that wrecked, ruined or even delayed all of the other things that I wanted to do. I never want to see sex as problematic. I think that waiting kept that from happening.”
8. Nya. 31. Married for Six Years.
“I’ll never forget you telling me about that husband who said that the thing that he loved the most about his wife’s body is he believed that when God made her, he had her in mind. When you told me that she wasn’t a Coke bottle shape, that made me feel like I didn’t need to change who I was while waiting for the right man. In all honesty, a part of the reason why I was a virgin for so long is because I had body image issues that I was dealing with. In college, I learned that men talk just as much as women when it comes to stuff like that and I didn’t want different guys ‘sizing me up.’ When I met my husband, he always made me feel not just like I was attractive but that my body was stunning to him — and that made me want to share myself with him. Honestly, the only reason why we waited until our wedding was because we were in a long-distance relationship and didn’t date for long, but it did feel good to know that he didn’t want to ‘test anything out’ before to make sure that he would be happy in that way. He was satisfied with me without sex and that made the wedding night pretty incredible."
Giphy9. Berry. 38. Married for 20 Years.
“It might be weird to hear that, although I was a virgin on my wedding night, I was also ‘abstinent’ when I dated my husband. What I’m saying is that no man had penetrated me before him, but I did mess around quite a bit with guys and it always made things messy — one way or another. When my husband came along, he wasn’t a virgin by any stretch, but he had been abstinent too for a few months. When we saw that this was going somewhere, we made the decision to not do anything sexual until we got engaged and then to not have actual sex until our wedding night. It gave us time to learn intimacy in other ways. It also helped out our relationship because we both travel for work. People think that you don’t need self-control sometimes after marriage and that’s just not true. Anyway, something that I respect about waiting is it ‘programmed’ me to see sex as something that is only for marriage — not due to religion but because I don’t know what intercourse is like without having a husband. I kinda like it.”
10. Chadae. 43. Married for 18 Years.
“It might sound crazy but one of my favorite celebrities has always been Lisa Bonet. I thought she was so pretty on The Cosby Show and I remembered watching a rerun of when Cliff asked her husband if they had sex before marriage and he said that Denise was a virgin on their wedding day. Even though a lot of my friends were having sex, something about that stood out to me — that you can be a beautiful woman, go on dates, have a full life and there doesn’t have to be sex on the table. I also liked how proud Cliff was as a father because, when my husband asked for permission to marry me, my dad didn’t ask if I was still a virgin, but I told him and my mom that I was and he teared up. He said it was because he wanted a man to value me enough to vow himself to me before I gave him my body — and he trusted my husband because he did. It might sound old-fashioned but some things that are ‘old-school’ prevent you from learning things the hard way.”
____
Two of my favorite married couples have been together for over 20 years and the thing that they have in common is both the husbands and wives were virgins on their wedding day. Something that one of the wives has told me is she likes that all she knows is her husband and something that one of the husbands has said is he’s never wondered if he’s missing out on anything because he’s never had anyone to compare his wife to. How sweet is that?
If you are a virgin who is reading this, all of these resolves can definitely provide you with some food for thought before making any decisions about what to do about your own sex life. Because while the power of your sexuality is certainly your choice, should you want to wait — not only should you not feel bad, embarrassed, or even hesitant about that, there are benefits that can come with making such a sober-minded decision.
Virgins still exist. And, like most things in life, virginity has its own rewards. Salute.
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