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[quote=Anonymous]I started working for the fed govt in 1988 as a GS-7 making $18K a year.  I maxed out my Thrift (10%) from day 1.  I only worked for 14 years and quit to become a SAHM.  I think I was making around $70K a year when I quit working.  I rolled my Thrift into an IRA and it's now worth $500,000.

My DH started working right out of high school and went to college part time via community college then transferring to GMU.  The reason why I mention that is he had his degree paid for via employee reimbursement.  Yes, it took him 10 years to get his bachelor's but he didn't have to take out loans.  It was not easy or a fun way to get his degree.  Thanks to advice from his older brother, my DH also started saving enough in his companies 401K to get the employee max at 18 years old, only making $15K a year.  Every time he changed companies, he rolled over the 401K into an IRA.  That IRA is now worth $1.5M and my DH is not a big wage earner.  I'm not sure how much is in his current 401K.

Our oldest just started working.  He's making $80K a year - and he is putting the $20K in his 401K.  He's currently living at home to save money, so we advised him to max out now.  He is also building up his 6 month cash savings.  He plans to move out once he has that cushion in the bank.[/quote]

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