Reply to Is anyone NOT a 401k millionaire?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Troll. $22.5k current match. 10 years ago it was a lot less.  Can't active trade with 401k.

I'm 46 and have something like $500k in my 401k. Never had a match, went to law school so started very late. Took a few years off where I wasn't contributing. DH has a match and I think has something like $800k in his. Both of us make over $1m a year, and we've got $8m of savings. But 401k is not the place where the value is.  [/quote]

You have an HHI of $2M+ and you only have $500K+$800K in your 401k and $8M in savings total?!? You’re either spending way too much or you’re terrible at investing.

DH and I are about your age and we only have an HHI of $150K, but we have $5M in savings total, most in a 401k (Roth). Our savings is 33X HHI and yours is only 4X. Wow. In another five years our NW will probably be more than yours. You’re a lawyer, though, so not particularly clever or good with numbers. [/quote]

DP.  Um, your combined income is $150K in your mid-40s in a HCOL area.  Many people would consider you underachievers—or at best, middlingly successful—yet you have the audacity to attack someone making 10x your income as being “not particularly clever?” Interesting.[/quote]

We could easily be making $2M-$3M per year in W2 income, slaving away as deceitful and despicable lawyers. However, we’ve chosen much higher callings. DH is a high school math teacher and volunteer firefighter. I am a registered nurse at an assisted living facility for disabled veterans. We prioritize impact over income. [/quote]

Sure, well, now you're just stating the obvious.  It's well-known that the levels of intelligence, ambition, EQ, endurance (ability to work 80 hours/week for years on end), etc. are roughly identical among seven-figure law partners, high school teachers and nurses.  :roll: [/quote]

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