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Reply to "How much do you make and save per year?"
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[quote=Anonymous][quote=Anonymous]HHI 900k to 120k Saving about roughly 50% after tax. About 350k a year. Tax is our biggest expense . So in retirement, our expense will go down significantly. Net worth 3.2 mil We ve only make this income about 5 years ago. First generation immigrants. We were in this country for over 15 years, never make more than 80k to 100 k . Our biggest mistake back then was not contributing to Roth IRA or 401 sooner. ( we didn’t know what they were) [/quote] Wow, how did you increase your income that much? With that income, you can easily recover from your "mistakes." And trust me, starting Roth early and putting in max for the first years of your career isn't all that magical. I did that before earning too much to qualify for contributions and our Roths are still the smallest accounts we own. You'll be in fine shape saving $350k/year.[/quote]
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