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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At age 54, in actual retirement accounts, I have $1.48M.

Seven years ago I started a business that has done well and thanks to that, I have another $6.5M in taxable that is earmarked for retirement. So  almost $8M in total.

I started investing a bit late (about 30) and didn't start maximizing until I was 35. Most of the companies I worked for didn't match, although a couple did (around 6%).

If I'd stuck with corporate America I'd be looking at a decent retirement, but striking out on my own made a huge difference.  Even within the retirement accounts, almost a third is due to late-in-life SEP-IRA maxing.[/quote]

Congrats on the business.  We haven't been so lucky with ours--I wish I stuck with corporate America :).[/quote]

I am actually impressed with $1.48 in actual retirement accounts if you didn't start maxing out til you were 35 and didn't get too much matched. That seems like great returns.[/quote]

They said a large part was due to SEP-IRA maxing from the business.[/quote]

Yes the SEP-IRA has been a fantastic vehicle for quickly increasing retirement funds (this year's limit is $66K).

Sorry to the previous poster who had a tough time with your business - luck and timing played a huge role for me. [/quote]

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