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Reply to "If you max out your retirement, what is your income?"
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[quote=Anonymous] “max out” depends on the situation of the individual. I am a teacher and have 7.5% of my income taken for pension. This basically gets matched by the state. I also have a 403b, 457b and Roth. My wife has only a Roth. We have a combined income of $171k and are able to max out all the accounts along with the pension. We have finally done so when the pandemic hit. I was able to save over a 3rd of my income and “max out”. However now, inflation and lack of raises is forcing us to pull back. We still save over 25% of our income plus the pension. [/quote]
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