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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]Just turned 40 and have about $700K in 401K and IRAs. Best graduation gift I got was a starter Roth IRA from a family member who started saving for retirement later than they should have. Spouse is a little older and started saving later in life and has probably $75Kish. Retirement is not a thing in their family - you work until you drop - so retirement savings not even discussed before we got serious about marriage. We do not have family money, a golden parachute, stock options, or investment property to sell off in our old age. Just hoping that the market doesn't crash and burn and eat everything we've saved.[/quote]
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