Anonymous wrote:How did you all save several millions of dollars being feds? I am also a fed and I’m not sure how this is possible.

SK scale not GS scale. And being heavily weighted in stocks during the long bull market.

Anonymous wrote:Who ARE you people?? Bill Gates and Watren Buffet??

Double lawyer household, both of us have worked full time for 25+ years. Hit $1 million NW in our late 30s/early 40s; another six years to make the second million. Then three more years to have the third million. Two people with matching money from employers maxing out the retirement funds and not touching the principal can really benefit from compounding investments.

It used to be $5 million. My husband retired at $8 million NW. It's now at about $10 million and I'm still working

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How did you all save several millions of dollars being feds? I am also a fed and I’m not sure how this is possible.

Because it's a myth that feds don't make much money. Compared to many, many people, feds make a lot of money.

+1. Their salaries are available for anyone to see. Feds, University administration and faculty, non-profit senior management, etc. make a fu*kton of money relative to the job security they have (very high) and the hours they need to work (not that high).

Yup. Most feds can't work overtime without extra pay. In the non-fed world, most in white collar/gold collar jobs work 50-60hr+ per week on average

I used to think $3.5M, then $5M, and now I'm not sure. I'm 50 and have combined $7M plus a paid-off house worth $830k. Saving about $110k per year so I figure I'll stick it out to 55 and then transition to either a lower-stress job or retire. I don't think it's about a number, it's about a plan for what you'll do with your time. Right now, I can't think of what I'd do all day. I still have plenty of time for my exercise, sleep and hobbies. Kids are in college so I am fine working for now.

Anonymous wrote:

Anonymous wrote:How did you all save several millions of dollars being feds? I am also a fed and I’m not sure how this is possible.

Because it's a myth that feds don't make much money. Compared to many, many people, feds make a lot of money.

+1. Their salaries are available for anyone to see. Feds, University administration and faculty, non-profit senior management, etc. make a fu*kton of money relative to the job security they have (very high) and the hours they need to work (not that high).

$4 million. We’ll be there in 7 years. My parents retired 28 years ago on $80k a year and have been incredibly happy. I imagine we’ll be fine