Reply to 50 year olds - how much retirement $ do you have saved?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]44 and 47
$1.25M 401ks
$170K brokerage
$150K savings
$350K 529s (for three kids, so still saving to do)
$300K home equity (home paid off ~ 14 years)

Dual-earner HHI of around $320K

After 25 years of full-time work and now with three kids, I would love to scale back, but not possible or practical yet! Right now, our goal is for one of us to retire by mid to late 50s and the other early 60s, but we will see how things go. [/quote]

A man not working in late 50s is unemployed. They usually die within a few years. 100 percent of my uncles who retired early 59-62 dropped dead by 70. My uncles who worked till 70 all are alive and between 86-93.

Men don’t do well retiring early. [/quote]

Really? Tell my husband that. He didn’t get that memo. [/quote]

How old is he?

I don’t live for “work” and not a “workaholic”. I do love working with people, presenting, business trips, mentoring, meeting all types of interesting people and getting paid for it.

My uncles who were cops and firemen 100 percent of their friend group were cops and firemen. All their co-workers were like family. Retirement was a lonely pill to swallow.

And women, my aunt said it best “marriage is forever but not for lunch”

Men let’s hope you did not save too much so you have an excuse to go to work.

Technically I could retire right now. Just move to a tax free state with lower cost of living. Then what play golf, join the HOA board, go to senior citizens early bird special?  Then slowly die?

Enjoy life don’t worry about account balance.

[/quote]

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