s/o How much do you (and spouse) save per year for retirement, and what is your HHI?

[Anonymous]

This year we will save about $68,300 for retirement. HHI of 440.

[Anonymous]

Anonymous wrote:This year we will save about $68,300 for retirement. HHI of 440.

You should be able to do twice that, easily.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This year we will save about $68,300 for retirement. HHI of 440.

You should be able to do twice that, easily.

Well, that 68,3K doesn't include our savings for college and general taxable accounts. We save $127K total. Considering we pay about $195K in taxes, I don't think it's too bad.

[Anonymous]

HHI of $250k. I save $17,500 in the TSP, plus $5,500 over 50 catch-up, plus employer match. DH saves $17,500 in his employer savings account. I also save approx $10k a year for college savings. DH is saving $4 k a year in college savings.

[Anonymous]

Anonymous wrote:HHI is $300k and we save 10% ($30k). I'm a fed, so I'll have a pension.

HHI is $200k and we save about 8% (5% of pay plus $6k on Roth IRAs). Spouse and me are both Feds and military, so we should have 4 pensions. Thank god, since it's so freakin expensive to live here.

[Anonymous]

Anonymous wrote:Interesting range of responses so far. As a % of HHI:

17%
5%
12%
16%
18%
6%
10%
13%
0%
26%

6% (to make the max employer match), mid 30s, hhi 300k-350k, but we own many houses and have direct money in stocks and cash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Interesting range of responses so far. As a % of HHI:

17%
5%
12%
16%
18%
6%
10%
13%
0%
26%

6% (to make the max employer match), mid 30s, hhi 300k-350k, but we own many houses and have direct money in stocks and cash.

Let me guess, the employer match is 7.5% isnt it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This year we will save about $68,300 for retirement. HHI of 440.

You should be able to do twice that, easily.

Well, that 68,3K doesn't include our savings for college and general taxable accounts. We save $127K total. Considering we pay about $195K in taxes, I don't think it's too bad.

If this doesn't include taxable accounts (like buying stock) how do you save $68K? Two 401Ks are $34K plus two IRAs $10K, so $54K total. Or, can one or both of you do a SEP IRA, which has higher limits?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This year we will save about $68,300 for retirement. HHI of 440.

You should be able to do twice that, easily.

Well, that 68,3K doesn't include our savings for college and general taxable accounts. We save $127K total. Considering we pay about $195K in taxes, I don't think it's too bad.

If this doesn't include taxable accounts (like buying stock) how do you save $68K? Two 401Ks are $34K plus two IRAs $10K, so $54K total. Or, can one or both of you do a SEP IRA, which has higher limits?

DH is over 50, so he can do an extra $5,500 in 401(k) and an extra $1,000 in a traditional nondeductible IRA. The $68,300 includes employer match (6% for me, 3% for him).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This year we will save about $68,300 for retirement. HHI of 440.

You should be able to do twice that, easily.

Well, that 68,3K doesn't include our savings for college and general taxable accounts. We save $127K total. Considering we pay about $195K in taxes, I don't think it's too bad.

If this doesn't include taxable accounts (like buying stock) how do you save $68K? Two 401Ks are $34K plus two IRAs $10K, so $54K total. Or, can one or both of you do a SEP IRA, which has higher limits?

DH is over 50, so he can do an extra $5,500 in 401(k) and an extra $1,000 in a traditional nondeductible IRA. The $68,300 includes employer match (6% for me, 3% for him).

Got it, thanks. DH is soon eligible for the extra $5500, woo hoo!

[Anonymous]

We save about $40K. HHI is $180K.