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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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]30 years old, $855,000 in 401(k).[/quote] :roll: [/quote] That's nothing. I have 1.5 mill in mine and I'm only 26. [/quote] If it's not a lifetime pension you can easily go through that in no time. We know people that spent their retirement and had to go back to work. I'm thankful my husband has two life pensions so we'll be fine. One we are not going to tough because it's in a trust no debtor could touch. All things to think about.[/quote] Don't get cocky. A conservative rule of thumb is that each apouse needs at least 2 life pensions plus at least $5 million in additional liquid assets, bare minimum.[/quote] Are you insane? $5 million in liquid assets means 99.99999999% of Americans don't have enough. What is this, "Retirement for Hedge Fund Managers?"[/quote]
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