Anonymous
02/20/2013 04:53
Subject: I am X years old and have X saved in a retirement fund
Me: 41yo, single, 1 kid. $178K (Roth, 401k/403b) HHI about $73K. Nothing saved for college, he's an infant (yes, I'm one of those "old moms" this area has so many of). His college expenses will take a back seat to my retirement, though. There's ways to work out the finances of college -- loans, scholarships, going to community college for a couple of years -- but there's no scholarships for retirement. And I don't want to be a burden to him.
I don't really know how I'm doing compared to others but I'm plugging away at it. The kid is a money suck, of course, but I love him anyway.
I don't really know how I'm doing compared to others but I'm plugging away at it. The kid is a money suck, of course, but I love him anyway.
Anonymous
02/13/2013 11:11
Subject: I am X years old and have X saved in a retirement fund
Anonymous wrote:Anonymous wrote:Anonymous wrote:28yo, about $10k, current HHI $55K.
I spent 5 years making about $20k and I'm a single parent (don't receive child support) so while I feel super behind, it's not that bad considering the circumstances.
I have no college savings for 4yo DC though. And I don't own property, but I am debt free aside from student loans, with 1mo living expenses in the bank.
Is your DC in school now or are you still paying childcare?
You have time to catch up, no worries!
He's in school, but I pay for aftercare. And I'm supposed to get $100/wk in CS, but rarely do (I didn't include this in my HHI). When I do, it goes towards medical expenses or summer childcare tuition. I do have about $600 in a savings account for DC (I put $50/mo in this), that's my buffer if I don't get enough CS to cover summer stuff or medical. I do currently have about $800 in medical debt from when he broke his leg this fall.
I'm not quite paycheck to paycheck (I'm able to save about $200/mo in savings and $200/mo in retirement-my company matches the retirement) but it's close. I am however, one emergency away from disaster, so I'm trying to save as much as I can. I spent 2.5 years on government assistance and have NO desire to ever feel that desperate again.
I'd say you're doing great! Way to turn it around!
Anonymous
02/12/2013 14:48
Subject: I am X years old and have X saved in a retirement fund
Anonymous wrote:Anonymous wrote:28yo, about $10k, current HHI $55K.
I spent 5 years making about $20k and I'm a single parent (don't receive child support) so while I feel super behind, it's not that bad considering the circumstances.
I have no college savings for 4yo DC though. And I don't own property, but I am debt free aside from student loans, with 1mo living expenses in the bank.
Is your DC in school now or are you still paying childcare?
You have time to catch up, no worries!
He's in school, but I pay for aftercare. And I'm supposed to get $100/wk in CS, but rarely do (I didn't include this in my HHI). When I do, it goes towards medical expenses or summer childcare tuition. I do have about $600 in a savings account for DC (I put $50/mo in this), that's my buffer if I don't get enough CS to cover summer stuff or medical. I do currently have about $800 in medical debt from when he broke his leg this fall.
I'm not quite paycheck to paycheck (I'm able to save about $200/mo in savings and $200/mo in retirement-my company matches the retirement) but it's close. I am however, one emergency away from disaster, so I'm trying to save as much as I can. I spent 2.5 years on government assistance and have NO desire to ever feel that desperate again.
Anonymous
02/12/2013 14:16
Subject: I am X years old and have X saved in a retirement fund
Anonymous wrote:28yo, about $10k, current HHI $55K.
I spent 5 years making about $20k and I'm a single parent(don't receive child support) so while I feel super behind, it's not that bad considering the circumstances.
I have no college savings for 4yo DC though. And I don't own property, but I am debt free aside from student loans, with 1mo living expenses in the bank.
Is your DC in school now or are you still paying childcare?
You have time to catch up, no worries!
Anonymous
02/12/2013 08:41
Subject: I am X years old and have X saved in a retirement fund
34 and 35, $405K in 401k. HHI is about $450K. We should have more given our HHI but we took a huge hit on a condo we bought in 2005 (had to pay almost $100K to get out and we needed to get out). We also have significant student loan debt that we are whittling down. We do have over $50K in an emergency fund.
Anonymous
02/11/2013 22:54
Subject: I am X years old and have X saved in a retirement fund
28yo, about $10k, current HHI $55K.
I spent 5 years making about $20k and I'm a single parent(don't receive child support) so while I feel super behind, it's not that bad considering the circumstances.
I have no college savings for 4yo DC though. And I don't own property, but I am debt free aside from student loans, with 1mo living expenses in the bank.
I spent 5 years making about $20k and I'm a single parent(don't receive child support) so while I feel super behind, it's not that bad considering the circumstances.
I have no college savings for 4yo DC though. And I don't own property, but I am debt free aside from student loans, with 1mo living expenses in the bank.
Anonymous
02/11/2013 01:38
Subject: I am X years old and have X saved in a retirement fund
I'm 43 & he's 49. Combined, about 1.5 million. We make a combined income of $275K.
One kid already finished with college, two still in college (one on a full ride and one paying out of pocket), and one in HS (plan on similar scholarships/paying out of pocket).
Mortgage fully paid off in 4 years, which is our only debt at the moment.
One kid already finished with college, two still in college (one on a full ride and one paying out of pocket), and one in HS (plan on similar scholarships/paying out of pocket).
Mortgage fully paid off in 4 years, which is our only debt at the moment.
Anonymous
02/11/2013 00:48
Subject: Re:I am X years old and have X saved in a retirement fund
Anonymous wrote:53
Will get FERS govt pension
$220K (TSP and stocks in IRA)
HHI $150K
Forgot to say I'm single mom with one kid - only $3K saved for college
Anonymous
02/11/2013 00:45
Subject: Re:I am X years old and have X saved in a retirement fund
53
Will get FERS govt pension
$220K (TSP and stocks in IRA)
HHI $150K
Will get FERS govt pension
$220K (TSP and stocks in IRA)
HHI $150K
Anonymous
02/10/2013 22:10
Subject: I am X years old and have X saved in a retirement fund
43 and 41 about 1m in house ; 600k traditional retirement; 650k stocks; 100k college savings.
Anonymous
02/09/2013 12:36
Subject: I am X years old and have X saved in a retirement fund
49, $250,000 saved
DH 48, $185,000 saved
HHI $300k
Includes military pension
Expecting federal and private sector pensions at retirement
DH 48, $185,000 saved
HHI $300k
Includes military pension
Expecting federal and private sector pensions at retirement
Anonymous
02/06/2013 14:05
Subject: Re:I am X years old and have X saved in a retirement fund
Anonymous wrote:Anonymous wrote:Turn 30 in May.
$130K in 401k/tradIRA
$36K in Roth
Total cash comp of $130K in 2012.
P.S. On a 15FRM @ 2.5% and have cash saved for my next car.
What do you do for a living? Nice!
I'm in Network Security.
I've just been very disciplined since graduating college. Still driving the same car, haven't taken too many vacations, obviously made a decent living and saved. Biggest challenge was buying a place that dropped 30% in value, but I was determined to pay it down and be in the position I'm in today.
Anonymous
02/04/2013 17:24
Subject: Re:I am X years old and have X saved in a retirement fund
I am 47 and have $692,000 saved in all my retirement funds (401(k) and IRAs)
DH is 50 and has $617,000 saved for retirement.
DH is 50 and has $617,000 saved for retirement.
Anonymous
02/04/2013 13:15
Subject: I am X years old and have X saved in a retirement fund
When I started working at 23, I was lucky to make more than I needed and so maxed out 401k ever year. I didn't work for that long and haven't worked for many years, as I SAHM now, so I only have a little over $50k in an IRA.
My husband (also 34) started maxing out 401k when we started dating. He's at about $100K now.
We have about another $300k in other savings/investments.
We have consistently tried to live below our means and not get too comfortable on his big law salary.
My husband (also 34) started maxing out 401k when we started dating. He's at about $100K now.
We have about another $300k in other savings/investments.
We have consistently tried to live below our means and not get too comfortable on his big law salary.
Anonymous
02/02/2013 18:32
Subject: Re:I am X years old and have X saved in a retirement fund
Anonymous wrote:39- $110,000 salary
$178,000 (401K, roths, stocks)
condo that is rented but only yields $100/month income
19,000 in 529s for kids ages 6, 4
i feel very behind.
You are doing very well.