People with "regular incomes" what are your savings?

[Anonymous]

I see this thread has morphed away from the regular income folks, and all the smug high earners are taking over the thread. Ugh! This thread isn’t about you.

If your household income is $150k+, or has been so in the past, and you have $300k+ in retirement...NEWSFLASH, you don’t qualify as “people with ‘regular’ income”.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

How do you save $80k post tax on that income?

If they're even bringing home 1/2 of their gross after 401k, insurance premiums etc., which they likely are --that's 135,000. So they live in 55k or 40% of their net, while saving 60%. Not unheard of -- I did it for years when younger. They're older with a paid off home and kids out of college so no mortgage or 529 expenses is a HUGE saving right there.

For real. If I didn’t have a mortgage and college were behind us I’d be rolling in it.

[Anonymous]

Anonymous wrote:I see this thread has morphed away from the regular income folks, and all the smug high earners are taking over the thread. Ugh! This thread isn’t about you.

If your household income is $150k+, or has been so in the past, and you have $300k+ in retirement...NEWSFLASH, you don’t qualify as “people with ‘regular’ income”.

OK never defined what "regular" means. My DH is a public school teacher and makes $104k. I work in IT at a nonprofit and make $75k. We are in "regular" jobs and this is what we are paid in our VHCOL area, helping us pay.for everything priced at VHCOL prices.

[Anonymous]

Anonymous wrote:I see this thread has morphed away from the regular income folks, and all the smug high earners are taking over the thread. Ugh! This thread isn’t about you.

If your household income is $150k+, or has been so in the past, and you have $300k+ in retirement...NEWSFLASH, you don’t qualify as “people with ‘regular’ income”.

I think COL is important. In Houston, our $250k HHI wouldn't be regular ... in DC, it certainly feels regular.