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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]40 years old. $700K in all retirement accounts combined between DH and I - a mix of 401ks, Roths, and traditional IRAs that were rolled over from past jobs. About $325K in taxable investments outside of retirement accounts, but they are part of our "retire early" strategy. $75K cash on hand. We started working with a fee-only financial adviser in our early 30's and it helped a ton. We were also extremely risk adverse and a little cash-heavy (although not as much as the previous poster asking about what to do with cash). It costs us about $4K a year but is worth every penny not to have to think about it and to know everything is appropriately balanced and overseen to get us to our goals. We were missing at least that much in growth most years just because we didn't have everything mixed quite right. [/quote]
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