Reply to What should I do with my 6% raise?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]These people telling you your $650,000 in 401k is too low are fucking insane, OP. Ignore them. Especially the ones who are 10 years younger and already have twice that -- who the hell locks up that sort of money in illiquid accounts?[/quote]

I'm 10yrs younger than the OP and have just under 1M in retirement already. It hardly is locking up a ton of money at 18k/yr per earner. My company matches 100% of my contributions and DH'S matches 6%. It is absolutely foolish not to take advantage of those tremendous benefits,  especially since I'm seeing double digit gains for the last few years. To put it in perspective in 2015, we contributed 36k, employers contributed 30k and we saw an overall return of 112k. So this year, at age 37, we saw a total increase of 179k on an out of pocket expense of 36k...absolute no brainer.

We've both been maxing out since we graduated college and got our first jobs at 22.[/quote]

That's very nice that your company matches 100%! Curious what your balance would be if your company has only ever matched 6% like your husband's.[/quote]

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