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Reply to "Tell me how much you have saved in your 401K at age 40."
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[quote=Anonymous][quote=Anonymous]DW 45 $75K in 401K $3k in savings DH 51 $175 in 401K $11K in savings 2 kids, about $20K in a 529 Debt about $20K on credit cards (medical bills killing us), mortgage, 2 cars I'm freaking scared.[/quote] Stop saving for college. It would be much more of a gift to your kids if you focused on retirement. Also, keep in mind that you have 250K saved. That's still better than the average American household. Try to pay that mortgage off quickly and save for retirement. You'll be fine.[/quote]
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