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Money and Finances
Reply to "What's your age / 401k balance"
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[quote=Anonymous][quote=Anonymous] 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] How'd you get your house paid off by your early 30's on teacher salaries? You must have a house with a pretty low property tax if "far less" than $20K can cover your property tax, utilities/basic expenses, and food! And it sounded like you had at least one kid. Good for you though, totally goes to the point of keeping expenses low. Do you live around DC? If you're teachers, I assume you're paying into some sort of pension beyond just IRAs (unless private)? [/quote]
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