Reply to What percentage of your HHI do you save for retirement at what age(s)?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]42.[/b]  Over 100% of after-tax income is saved.  I prioritized paying off my house and having lots of cash on hand over retirement savings my entire life.  Now that I have no mortgage, it's all going to retirement/investments (I now have[b] $8K in retirement[/b]!).  I say over 100% of after-tax income will be invested because I also get an [b]annual gift from my parents[/b].[/quote]

What on earth?[/quote]

Seconded.[/quote]

so.. the annual gifts covers the cost of living (gas, food, utilities?) 
what is your HHI? When did you start saving that now you have EIGHT THOUSAND DOLLARS (!!) in your retirement?

perplexed by this strategy. When your parents pass away will you have an inheritance? SO. MANY. QUESTIONS. [/quote]

This financially illiterate PP paid off their house (up to $1M?), holds a lot of money in non-retirement funds, lives off of an allowance, and has now started saving for retirement.

I think it's great that PP goes to work instead of just living off the trust fund. [/quote]

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