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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]42 yo - my individual retirement accounts (Rollover IRA, Roth IRA, SEP IRA) total: $266,790.32
40 yo spouse (401k, Roth IRA, and Rollover IRA): $117,926.60
We save about 12% of our pre-tax income for retirement each year, and my wife has a pension plan that is pretty secure and has a solid payout at retirement age.
1 12yo son - 2 semesters (1 yr of tuition and fees at 4-year university) of Virginia Pre-paid 529 and $10,514.74 in regular Virginia 529
Savings in cash/cash equivalent: $89,412.25

New financial planner said we're "good, but not wow." We have an aggressive and achievable plan for college savings to purchase 2 semesters/year for next 3 years (currently $15,650/year) + $8,000/year in regular 529 (to max our Virginia tax deduction). This feels fine. Not sweating it. [/quote]

What's you HHI?  [/quote]

~$300k. I am an independent consultant and my income varies $180k-$210k. 2016 HHI was $312k[/quote]

I'd absolutely increase the 12 percent.  You should be maxing it out at 312k.  No excuse.  [/quote]

Probably. That income level is only the last 3 years, though - spent early 30s with both of us in grad school then worked our way up and started seeing a major ROI on those education investments relatively recently. We also have $250k in home equity and little consumer debt. We have simple tastes and will happily live on a lot less and downsize in retirement. There are other things to worry about/enjoy than building a monstrous nest egg that could be useless if we drop off a cliff and shed our mortal coils pre-retirement. Also don't believe in the save-till-you-drop approach then total retirement - I work with lots of people in their 60s and even 70s still doing independent consulting - voluntarily, for mental challenge and periodic income - in my area of consulting. [/quote]

You should still max out for the tax benefit.  It's some of the only tax free money you can earn.  Every penny you don't contribute to max out is being taxed.  [/quote]

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