Reply to What's your age / 401k balance

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

Yup. We're the couple with in our early 30s with 0 invested in 401ks above. However, we do have enough in index funds to meet property taxes, food, and utilities just barely...which means we're FI. We keep working due to healthcare (we want more kids), charity (making more lets us give more), and college (we'd like to pay for our kids), but it's nice knowing we literally don't have to work for the rest of our lives if we suddenly got sick of it all.[/quote]

Your house is paid for, I assume? Just curious why you prioritized saving in index funds outside of tax-advantaged accounts rather than inside them. Inheritance or something you couldn't roll into a tax-advantaged account? I figured you must have at least $400K - $500K in index funds if you're using the 4% rule. [/quote]

Yes, paid off house. We don't do the 401k because we're teachers, so we do IRAs and mutual funds. We do use the 4% rule but have far less than 500k. However, it's growing, and we do have enough to keep the house and keep ourselves fed. :D[/quote]

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