Age, income, and amount saved for retirement?
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Anonymous
Me again. We inherited $50k from my grandparents. That was our inheritance. Parents are all still alive. |
Anonymous
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Me: 43, income $185k, $765k TSP
H: 41, income $220k, $650k TSP $170k 403b. |
Anonymous
| 45/45, 500k HHI; $3.9m (taxable investments, retirement accounts, and cash); 500k home equity; no inheritance |
Anonymous
| 40. HHI $205k. Retirement $800k. Pension of around $50k a year. |
Anonymous
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Me age 40. Just me and 1 teenager. Income has been $80k for the last 5 months. For the decade prior it was $55-63
Retirement 401k $2,500 Savings just hit $5k and I’m so proud of myself. Debt 0 |
Anonymous
No debt, you’re in good shape. You got 25 years to save for retirement and let it compound. Pay off your residence, add in Social Security. You be aight. |
Anonymous
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I’m 35. My income is about 160. I have about 430k in my 401k. Dh has about 200k. Was investing savings outside 401k until recently so not really traditional.
Total HHI is 480k. |
Anonymous
Just regular back door Roth and a rollover from a 401K Roth. And I self manage my roth in predominately alternative investments. |
Anonymous
| 47 years old. Divorced, two kids. Earn $425k. Savings (taxable and retirement) are $2.6 million. Home equity is another $850k (I note the home equity because I expect to downsize and relocate to a cheaper location in a decade). |
Anonymous
| I’m 48 and a teacher. Single parent of a college student. Not sure how my pension would factor into the equation but my 493b is around $125k. No debt. Three years left paying for kid’s college and then I can contribute more to retirement savings. Income is $88k. |
Anonymous
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Age 43/42
HHI $350,000 Combined retirement accounts $1.7 million. |
Anonymous
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39yo single mom of 2
Income - $820K gross (just started year 2 of making more than $120K) 401k: $400K + DB plan Debt: Down from 250K in student loans to $30K No idea what I’m doing since I grew up poor and financial advisors won’t help me because I don’t have enough savings ($100K). This thread increased my anxiety about it. |
Anonymous
Your income went from $120K to $820K in two years? If that is not a typo and you are just 39, you are doing more than fine. There are financial advisors you pay by the hour. They won't care about your what your investable funds are because they are not paid via an assets under management fee. |
Anonymous
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Retiring in 15 months.
Cash compensation per year $925K 401K $2.8M Deferred Comp Acct. $2.6M Investments $2.7M Spouse's IRA Account $900K 529 account (1 student) $340K Company Stock $1.5M Stock Options $2.7M |
Anonymous
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Late 50s.
HHI 300K. Retirement account about 3M. Pension will be about 150K. |