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Reply to "401k Numbers "
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[quote=Anonymous][quote=Anonymous]I'm 35 and only began contributing towards my 401k in the last 5 years. Stupid I know, I was just never educated about it. Anyway, I have $20k now in an annuity and my husband probably has close to the same. To retire at 65 ish... What should I be contributing annually to live? Someone told me they knew of an elderly couple that lived off $50k a year and thought that was the bottom of the barrel.... $100k a year seems crazy to means unattainable. Our HHI is $185k.[b] Our kids college is paid for by my family.[/b][/quote] Save as if you have to pay (not neccessarily in an education fund but somewhere). I know several families who were in this situation but when it came time for the kids to go to college there was not enough money. If it ends up being fine, then you have extra money. [/quote]
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