Tell me your HHI and net worth at age 48

[Anonymous]

I'm curious how we're doing (as a couple of working 48-year-olds). I only recently ramped up from part-time back to full-time, so we had some lean years in there. DH is a federal employee (top of GS scale but only tiny salary increases each year).

HHI: $350,000
Net worth: $1.6 million (not including home equity or college savings for 3 young teenagers)

Our net worth probably seems low relative to our HHI, but we have only recently begun having this HHI (when I ramped up from part-time to full-time).

My DH has a TSP worth about $800,000, and I have a 401(k) worth about $650,000. So most of our net worth is locked in retirement savings accounts. We have an emergency fund and only minor non-retirement savings.

(We have enough saved for college for the 3 kids because the grandparents have helped with that. We have not saved that money on our own. We'll try to do the same for our grandchildren in the future.)

[Anonymous]

Anonymous wrote:I'm curious how we're doing (as a couple of working 48-year-olds). I only recently ramped up from part-time back to full-time, so we had some lean years in there. DH is a federal employee (top of GS scale but only tiny salary increases each year).

HHI: $350,000
Net worth: $1.6 million (not including home equity or college savings for 3 young teenagers)

Our net worth probably seems low relative to our HHI, but we have only recently begun having this HHI (when I ramped up from part-time to full-time).

My DH has a TSP worth about $800,000, and I have a 401(k) worth about $650,000. So most of our net worth is locked in retirement savings accounts. We have an emergency fund and only minor non-retirement savings.

(We have enough saved for college for the 3 kids because the grandparents have helped with that. We have not saved that money on our own. We'll try to do the same for our grandchildren in the future.)

Humble brag much?

[Anonymous]

HHI at 48: 130,000, DH and I are feds, not at the top income scale
Net worth: 600k

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm curious how we're doing (as a couple of working 48-year-olds). I only recently ramped up from part-time back to full-time, so we had some lean years in there. DH is a federal employee (top of GS scale but only tiny salary increases each year).

HHI: $350,000
Net worth: $1.6 million (not including home equity or college savings for 3 young teenagers)

Our net worth probably seems low relative to our HHI, but we have only recently begun having this HHI (when I ramped up from part-time to full-time).

My DH has a TSP worth about $800,000, and I have a 401(k) worth about $650,000. So most of our net worth is locked in retirement savings accounts. We have an emergency fund and only minor non-retirement savings.

(We have enough saved for college for the 3 kids because the grandparents have helped with that. We have not saved that money on our own. We'll try to do the same for our grandchildren in the future.)

Humble brag much?

You are too kind. This is a full on brag.

[Anonymous]

Well, I'm 38 with about that HHI ($310k in 2017), so this may or may not be helpful.

We've got about $1.3M total NW = $700k in retirement accounts + $200k investment accounts + $50k checking/savings + $400k home equity - $40k student loans. (This doesn't include the 529 accounts, which I consider already spent for accounting purposes)

[Anonymous]

Can’t wait for the inevitable post like, “well, I’m not technically 48 (I’m 37) but our net worth is a ten million. Is that good???”

[Anonymous]

Anonymous wrote:I'm curious how we're doing (as a couple of working 48-year-olds). I only recently ramped up from part-time back to full-time, so we had some lean years in there. DH is a federal employee (top of GS scale but only tiny salary increases each year).

HHI: $350,000
Net worth: $1.6 million (not including home equity or college savings for 3 young teenagers)

Our net worth probably seems low relative to our HHI, but we have only recently begun having this HHI (when I ramped up from part-time to full-time).

My DH has a TSP worth about $800,000, and I have a 401(k) worth about $650,000. So most of our net worth is locked in retirement savings accounts. We have an emergency fund and only minor non-retirement savings.

(We have enough saved for college for the 3 kids because the grandparents have helped with that. We have not saved that money on our own. We'll try to do the same for our grandchildren in the future.)

Not good. Not good at all.

[Anonymous]

I never feel like we are doing that well but I guess based on responses above we're okay. We have VERY little saved for college and no emergency funds, really. However, to answer the question:

Also both 48
HHI: ~$300K
Net worth: ~$850K in retirement accounts, ~$270K in home equity

[Anonymous]

DH: 46
Me: 43
HHI: $435,000
Net worth: $3.2M (this includes $700,000 in home equity)
We have 2 elementary school-aged children

[Anonymous]

Anonymous wrote:I never feel like we are doing that well but I guess based on responses above we're okay. We have VERY little saved for college and no emergency funds, really. However, to answer the question:

Also both 48
HHI: ~$300K
Net worth: ~$850K in retirement accounts, ~$270K in home equity

If you're like me, you figure your home equity is your emergency fund? For example, use a HELOC?

[Anonymous]

I'm 48 - DH is 54

HHI $180K
Networth $2.4 mil

We downsized everything several years ago, including income. Hoping to retire in 5 years.

[Anonymous]

My rule of thumb here is to just lop off a hundred thousand from whatever folks say is in their 401k. It’s like a monetary anonymous d*** measuring contest. As an aside, the same goes for self reported commute times. No ma’am, you’re not getting from Leesnurg to Farragut West in 20 minutes, “tops”.

[Anonymous]

Lets see. 48 would have been 2012. Worth was about 600,000K. 48 was a bad year for me though, as I was out sick for about 1/2 the year, and ran up about 200K total medical bills (most covered by insurance). Salary dropped from 150K to 120K because of illness.

[Anonymous]

We are 54 years old. 4 mil. No mortgage. College and professional school - law, medicine, business - fully funded for two kids. HHI 300K. I bought a huge dowry to the marriage, the house was a wedding gift from my elder brother and my ILs have paid for the college education of the two kids. I am a SAHM, DH works in a field that he is very well respected in and he is very passionate about.

[Anonymous]

I'm 55 now. At 48 our HHI was $90k. Net worth included about $50k in home equity, $400k in our retirement plans and a roll of quarters in my desk.