50 year olds - how much retirement $ do you have saved?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Divorced. I have $200k in TSP, $500k in taxable brokerage accounts, $1 million in real estate equity and about $300k in art. I’ll be getting a pension but didn’t start my fed job until I was 40 and really want to retire at 62. I have no debt aside from a $175k mortgage at 2.875% which I hope to have paid off by retirement. College is already paid for. Im hoping it’s enough.

That's an odd mix of assets.. High value real estate and art given your total net worth!

Please tell us more about the art!

[Anonymous]

Anonymous wrote:Doctors, CEOs, high-level government types - all these people are "the boss." When you're the boss, you set your own schedule and they're not in a huge hurry to give up their power, their identity, respect from subordinates, etc. People who don't have agency over their time want to retire early.

A lot of doctors I know want to retire

Whereas a lot of law firm partners try to hang on doing as little work as possible for as long as possible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Divorced. I have $200k in TSP, $500k in taxable brokerage accounts, $1 million in real estate equity and about $300k in art. I’ll be getting a pension but didn’t start my fed job until I was 40 and really want to retire at 62. I have no debt aside from a $175k mortgage at 2.875% which I hope to have paid off by retirement. College is already paid for. Im hoping it’s enough.

That's an odd mix of assets.. High value real estate and art given your total net worth!

Please tell us more about the art!

It’s passed down from a relative. There was an extensive art collection but the most valuable art was auctioned off.

[Anonymous]

300k 401k
200k home equity
spouse county govt pension

[Anonymous]

Anonymous wrote:300k 401k
200k home equity
spouse county govt pension

3 kids 11-13 yrs old
we both still have student loans - total $135k
African American first generation to "make it", neither of our parents owned a home, we are both first to go to college