I am X years old and have X saved in a retirement fund

[Anonymous]

me: 33, $62k (majority in TSP; about 15 leftover from former employer 401k, and 2.5 in a ROTH)
DH: 36, $90k (401k)

college savings for 2 yo: 4k

[Anonymous]

HHI; 320K
Me: 37, 320K (in TSP and 401k combined)
DH: 38, 300K (TSP)

college savings for 5 yo and 1 yo: 47K

[Anonymous]

Anonymous wrote:HHI; 320K
Me: 37, 320K (in TSP and 401k combined)
DH: 38, 300K (TSP)

college savings for 5 yo and 1 yo: 47K

What government agency pays that much

[Anonymous]

55. 500k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:HHI; 320K
Me: 37, 320K (in TSP and 401k combined)
DH: 38, 300K (TSP)

college savings for 5 yo and 1 yo: 47K

What government agency pays that much

320 is combined for both of us. Two different agencies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI; 320K
Me: 37, 320K (in TSP and 401k combined)
DH: 38, 300K (TSP)

college savings for 5 yo and 1 yo: 47K

What government agency pays that much

320 is combined for both of us. Two different agencies.

crazy

[Anonymous]

44
$510k in 401(k) and other savings
Small pension of about $22k a year
Plus whatever's left of Social Security!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI; 320K
Me: 37, 320K (in TSP and 401k combined)
DH: 38, 300K (TSP)

college savings for 5 yo and 1 yo: 47K

What government agency pays that much

320 is combined for both of us. Two different agencies.

crazy

This is not crazy for fed gov't legal jobs.

[Anonymous]

33 yo

HHI: 250k dual income
Primary Real estate (net of mortgage): 550k
401k/stocks/savings: ~500k
529 plans: $50k two kids < 4 yo

[Anonymous]

43yo. HHI: $375k
My IRA & 410k: $510k
Spouse TSP: $225K (plus FERS)
Home (net of mortgage): $500k
Other savings: $300k
529s (8 & 6 yo): $85k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI; 320K
Me: 37, 320K (in TSP and 401k combined)
DH: 38, 300K (TSP)

college savings for 5 yo and 1 yo: 47K

What government agency pays that much

320 is combined for both of us. Two different agencies.

crazy

Huh? That's not crazy, that's two GS-15s making $155 each plus bonus.

[Anonymous]

Or to SESers. Usually people at that level in the Feds could be making aLOT more in private sector. I'm sure they're not two admin assistants with 20 years of service.

[Anonymous]

27, no retirement, I net $2700/month, and have about $1800 in monthly expenses (including rent, phone, utilities, car payments, car/health insurance, credit card).
I have zero idea where to begin. I need to start saving, NOW. Should I just start building up savings and once I get to a decent amount ($5-$10k), figure out where to invest/allocate it?
(I have no 401k through work).

Someone just tell me what to do.

[Anonymous]

Anonymous wrote:27, no retirement, I net $2700/month, and have about $1800 in monthly expenses (including rent, phone, utilities, car payments, car/health insurance, credit card).
I have zero idea where to begin. I need to start saving, NOW. Should I just start building up savings and once I get to a decent amount ($5-$10k), figure out where to invest/allocate it?
(I have no 401k through work).

Someone just tell me what to do.

Step 1: Build approx 6 months of cash reserves just in case you loose your job
Step 2: Place said 6 months of cash into ING or Ally or some other simple low-interest fund
Step 3: Begin saving more cash, get to $5,000 and put that into an IRA every year.
Step 4: Save more than that, and start putting the cash into a series of mutual funds
Step 5: Save even more and begin buying real estate and renting it out
Step 6: Retire on the income streams

[Anonymous]

Anonymous wrote:

Anonymous wrote:27, no retirement, I net $2700/month, and have about $1800 in monthly expenses (including rent, phone, utilities, car payments, car/health insurance, credit card).
I have zero idea where to begin. I need to start saving, NOW. Should I just start building up savings and once I get to a decent amount ($5-$10k), figure out where to invest/allocate it?
(I have no 401k through work).

Someone just tell me what to do.

Step 1: Build approx 6 months of cash reserves just in case you loose your job
Step 2: Place said 6 months of cash into ING or Ally or some other simple low-interest fund
Step 3: Begin saving more cash, get to $5,000 and put that into an IRA every year.
Step 4: Save more than that, and start putting the cash into a series of mutual funds
Step 5: Save even more and begin buying real estate and renting it out
Step 6: Retire on the income streams

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