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Reply to "What's your age / 401k balance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Late 50s, and $500k. (Single.) Now before DCUMers post that I'm way behind, the median retirement savings for people 55-64 is only $45,000. Unless they are government employees with pensions, I don't know how they plan to live. https://www.debt.com/edu/personal-finance-statistics/[/quote] People think they need way more than they do. Controlling expenses is as important as how much you save. While I'm not personally pursuing it, [b]reading the "FIRE" (financial independence, retire early) community on the web[/b] has really opened my eyes. I think there are some holes in their long term plans (health care being the biggest), it really makes you chill out and appreciate how much you can do with $500K invested correctly. [/quote] NP - any particular site you recommend for learning about this? I'm intrigued. [/quote]
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