People with "regular incomes" what are your savings?

[Anonymous]

While some on the other thread might put us above the "regular income" bracket, I think we count. We are both 29 (DINKs and will not have kids) with a HHI of ~$200k. I have about $60k in my 401k. I recently got a $10k raise and plan to up my 401k contribution to the max. DH's job just started offering 401k so he's starting late there and probably only has a couple thousand. We have about $25k cash in a joint high interest savings account and we each keep about $3k in our own personal savings account (we maintain semi-separate finances). We also own our condo, so I guess that counts for some equity. We're at the point where we have enough income to start doing more investments, but we're a little lost with where to start.

[Anonymous]

Anonymous wrote:While some on the other thread might put us above the "regular income" bracket, I think we count. We are both 29 (DINKs and will not have kids) with a HHI of ~$200k. I have about $60k in my 401k. I recently got a $10k raise and plan to up my 401k contribution to the max. DH's job just started offering 401k so he's starting late there and probably only has a couple thousand. We have about $25k cash in a joint high interest savings account and we each keep about $3k in our own personal savings account (we maintain semi-separate finances). We also own our condo, so I guess that counts for some equity. We're at the point where we have enough income to start doing more investments, but we're a little lost with where to start.

Invest in some combo of a total US market fund (60%) a total International fund (30%) and a Total Bond fund (10%)

Put the same amount in every month and then rebalance once a year doing that will put you ahead of 90%+ of Americans

[Anonymous]

We are so behind I hesitate to post.
I was on page 1 of the other thread.

[Anonymous]

I earn $85k.

I have about $16k in a savings account.
$6k in a retirement account.

[Anonymous]

Anonymous wrote:We are so behind I hesitate to post.
I was on page 1 of the other thread.

+100

[Anonymous]

We all just do our best, OP, and I'm thankful I'm not the only one who doesn't have half a million saved up.

DH and I are 33 and 36, and since we both spent several years in grad school we've only had a couple dual income years, plus a kid in day care. I have $55k in retirement, I think DH has around $20k, and about $65k in other accounts that we aren't sure how to allocate yet. We are on track to max out the $5500 Roth IRAs this year, and i am putting in the 5% to get my,kax employer match for my TSP, but the idea of putting $18k each into retirement accounts each year is laughable at our income level. That would be in the 40% range, which is not realistic on a 5 figure income with day care costs in DC.

[Anonymous]

Anonymous wrote:We're a little behind at 2.6MM, but will probably be ok if we keep saving (late 30s).

Not funny PP.

[Anonymous]

Feeling a little better. $1.85 million at 48.

[Anonymous]

DH & I are 35, 1 child in daycare, HHI $190K, no more children on the horizon, public school one year away.

Our retirement accounts total about $150K. He’s vested in a pension, but I don’t want to bank on that or SS being available in 30 years when we retire. $400K+ equity in our house, only because we happened to buy in a good neighborhood at a good time. Another $100K or so in emergency savings. No family money to fall back on, minimal debt aside from nortgage.

[Anonymous]

44 year old single mom making $85k (I’m on the other thread too). No child support or alimony.

$75k in TSP, $32k in savings, $250k equity in primary home, $100k equity in weekend cabin. We never broke $200k household income when I was married (were set to the year we divorced). I realize I don’t have nearly enough saved but feel like I’m doing okay given the circumstances. And I can downsize my primary residence once the kids leave for college in a few years.

[Anonymous]

Late 30's, I'm a SAHM with 2 kids. Our income was around $115 until a year ago.

We have a combined $230ish in retirement accounts between the 2 of us, around 100k in home equity, and around 100k in other investments/savings. I feel like we're behind, but our income just increased significantly so maybe we catch up.

[Anonymous]

I didn’t start saving aggressively until I was 35 and started seeing all these high numbers on DCUM. Now at 43, I feel a lot better about my situation.

Just start saving more today.

[Anonymous]

From a slightly older perspective, 2 feds in our 50s. We have $1M each in our TSP and around $2.5M in other accounts. We have lived way below our means, but not miserly so. Being able to not worry about money as we near retirement is great. We started early and always maxed out retirement savings. Couldn't spend what we didn't have in our daily accounts.

[Anonymous]

Anonymous wrote:I didn’t start saving aggressively until I was 35 and started seeing all these high numbers on DCUM. Now at 43, I feel a lot better about my situation.

Just start saving more today.

If you’re 43 now and starting saving 8 years ago, you’ve had an extraordinarily great stock market run. I’m 35 now and ready to amp up savings, but can’t expect huge gains over the next several years.

[Anonymous]

50 and 52. Save $45K in 401K annually. Also save another $80K per year after tax. HHI is "only" $270K. Home worth around $1.9m paid off. We are now able to get by on one salary. Kids just finished college with zero loans.