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Reply to "50 year olds - how much retirement $ do you have saved?"
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[quote=Anonymous][quote=Anonymous]Retirement age is 70 so 50 plenty of time and RMDs not till 73. Given 50 is when 401k catch’s ups happen [b]you have 20 years[/b] to ramp up the 401k. Most people never even touch their retirement money principal other than RMDs. [/quote] you have *upto* 20 years. 50s and later is also when layoffs happen and getting re-hired is not that easy, especially not at the same level. So don't count on it.[/quote]
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