How old are you, HHI and how much saved for retirement?

[Anonymous]

60 and 55

HHI $240k

Retirement savings $1.6M

Other savings $200K

College savings $320K (older of 2 is in college)

House will be paid off in 18 mos, worth about $800K

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

[Anonymous]

48/46
HHI $300k
Retirement: $800k
Home equity: $600k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

But I assume that even with only 60k you could contribute 18k towards retirement and then pay for childcare. You probably have a match on your 401k. So let's say you contribute 20k towards retirement - that's double what your family is saving for retirement now. That's something to consider.

[Anonymous]

31 & 38
HHI: $210K
Retirement: $500k (mostly DH) + DH's pension

[Anonymous]

34/32
HHI: was ~200k for many years. currently ~100k
Retirement: 380k
Savings for House: 100K

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

[Anonymous]

38/35
HHI- $450k
Retirement: $660k
Investments: $660k
Hoping to get mortgage paid off within 7 years

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

[Anonymous]

43/43
HHI 200K
Retirement 725K
Pension for one

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

Yes, my husband makes $300k and I make $80k. It costs us $20k a year for me to work but I put $25k/year (18k plus match) into my 401k. To me that is more than worth it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

Yes, my husband makes $300k and I make $80k. It costs us $20k a year for me to work but I put $25k/year (18k plus match) into my 401k. To me that is more than worth it.

Similar boat here, though DH makes less than yours. I put 28k in 401k and my Healthcare benefits through my job are phenomenal, it costs our family of 4 $90/mo, vs my DHs office would be $600/ mo, that's an additional $6,120 my work adds to our bottom line.

Yes, I'm a poster with a massive retirement funds, but not a massive salary. Opting out of the workforce has a very negative impact on long term retirement plans, plus we will both collect decent social security, if it's still around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:39 and 36 and we have around 110k combined for retirement

Hhi is currently 380 but will be going down soon.

I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.

I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.

There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.