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Reply to "What's your age / 401k balance"
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[quote=Anonymous][quote=Anonymous]34, 185K. Not bad for a GS-11 with a kid. I wouldnt let these posters with 500K balances at 30 bother you. Most of us are faring far better than many of our fellow Americans who will solely or primarily depend on SS. [/quote] Indeed. And the truth is that the people who will solely or primarily depend on SS--which, in fact, are the vast majority of Americans--will be just fine. All you actually need to survive is a roof over your head, food in your belly, and affordable medical care, while all you need to be happy, per research, is a sense of purpose and social connections. Once you have a paid off house and are eligible for Medicare or Medicaid, none of these things requires an HHI of more than 25k anywhere in the country besides in the areas where property taxes are so high that you have no money left over for food and utilities each month. And in such areas, your home will be worth enough for you to move to a cheaper COL area easily. [/quote]
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