Reply to Typical "all-in" savings

Forum Index » Money and Finances

Reply to "Typical "all-in" savings - early 40's"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone in their 40’s not have a million?

I’m not 40 but my husband is and all we have is 401k and home equity. We have about 200k

Not sure if it makes a difference that I’m in my early 30’s. I feel significantly behind, reading this. 
 
[/quote]

A lot of these posts are probably fake, just keep that in mind.[/quote]

Nah you have to remember with company matches most people are putting away around 25k 18k + 7k match and that's 50k for 2 people working minimum some people are putting away much more

in 20 years very easy to have that much.  50k*20 years = 1 million bucks just in principal

of course 20 years ago you weren't saving that much but we aren't taking any investment growth into account[/quote]

You have a distorted view of what most people do. Most households are unable to have two people put away the IRS max.  Lots of jobs have no match.  Even fewer people could put away that much through their 20s which covers about half the window here.

Not everyone here has two people in Biglaw who can easily each put away $18k, and most of those Biglaw jobs actually don't have a match.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics