Anonymous
Post 05/22/2024 11:57     Subject: What is your non-retirement savings and HHI?
Anonymous wrote:We have an HHI of about $190k (about $50k jump in last few years) and have about $500k between brokerage and savings accounts. Plus $190k college savings (as well as $1.7m in retirement and $1m in home equity)

We are lucky, but I still try to be frugal. We are putting almost $80k into retirement this year.


That’s impressive. Any inheritance in there? Impressive either way.
Anonymous
Post 05/22/2024 11:56     Subject: Re:What is your non-retirement savings and HHI?
265k this year and 200k outside of retirement and college savings for kids. Next year income will rise about 50k so planning to add to taxable brokerage. Maxing out 401k for spouse and IRA for me.
Anonymous
Post 05/22/2024 07:37     Subject: Re:What is your non-retirement savings and HHI?
Anonymous wrote:Mid-40s
HHI $370k (new)
$320k outside of retirement
$1 mil in retirement
$200k in 529s


We are almost the exact same, with a bit less in the 529s (able account for our youngest). Early 40s.
Anonymous
Post 05/22/2024 00:48     Subject: What is your non-retirement savings and HHI?
mid 30s
HHI $800K (average)
$4M outside of retirement
$1M retirement
$1M home equity
No kids or 529s yet but hoping to have them soon
Anonymous
Post 05/21/2024 22:33     Subject: What is your non-retirement savings and HHI?
We have an HHI of about $190k (about $50k jump in last few years) and have about $500k between brokerage and savings accounts. Plus $190k college savings (as well as $1.7m in retirement and $1m in home equity)

We are lucky, but I still try to be frugal. We are putting almost $80k into retirement this year.
Anonymous
Post 05/21/2024 21:28     Subject: What is your non-retirement savings and HHI?
$750k outside of retirement savings and home equity.
Anonymous
Post 05/21/2024 21:10     Subject: Re:What is your non-retirement savings and HHI?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:DH just retired at 59.5. He has started to move some funds from 401k when the market is up because he doesn't want to pull from his 401k when the market is down. So, in those months, he would have cash to pull from. Cash is in a high yield money market fund. Currently around $300K.

I will retire in a couple of years, but won't be 59.5. So, we want to have a decent size cash reserve to live off of when the market goes down. Aiming to have $450K or so in that account that we can pull from if required for the next six years before I can pull from my 401k.

HHI is $170k now, it was closer to $300K before he retired.


Why? If he wants to play it safe, he can always move the money from stocks to a short-term fund within the 401K without withdrawing it and paying taxes. Of course, if the reason for the withdrawal is tax management or Roth conversion, that's a different discussion.


DP here. It’s because he doesn’t want to be forced to sell low. It’s not about when he has to pay the tax.


DP: But you can switch assets within a 401k--they usually have a money market/FDIC/short term bond fund. No need to generate taxable income just to not sell low.
Anonymous
Post 05/21/2024 20:56     Subject: Re:What is your non-retirement savings and HHI?
Anonymous wrote:
Anonymous wrote:DH just retired at 59.5. He has started to move some funds from 401k when the market is up because he doesn't want to pull from his 401k when the market is down. So, in those months, he would have cash to pull from. Cash is in a high yield money market fund. Currently around $300K.

I will retire in a couple of years, but won't be 59.5. So, we want to have a decent size cash reserve to live off of when the market goes down. Aiming to have $450K or so in that account that we can pull from if required for the next six years before I can pull from my 401k.

HHI is $170k now, it was closer to $300K before he retired.


Why? If he wants to play it safe, he can always move the money from stocks to a short-term fund within the 401K without withdrawing it and paying taxes. Of course, if the reason for the withdrawal is tax management or Roth conversion, that's a different discussion.


DP here. It’s because he doesn’t want to be forced to sell low. It’s not about when he has to pay the tax.
Anonymous
Post 05/21/2024 19:08     Subject: Re:What is your non-retirement savings and HHI?
Mid-40s
HHI $370k (new)
$320k outside of retirement
$1 mil in retirement
$200k in 529s
Anonymous
Post 05/21/2024 17:36     Subject: Re:What is your non-retirement savings and HHI?
Anonymous wrote:DH just retired at 59.5. He has started to move some funds from 401k when the market is up because he doesn't want to pull from his 401k when the market is down. So, in those months, he would have cash to pull from. Cash is in a high yield money market fund. Currently around $300K.

I will retire in a couple of years, but won't be 59.5. So, we want to have a decent size cash reserve to live off of when the market goes down. Aiming to have $450K or so in that account that we can pull from if required for the next six years before I can pull from my 401k.

HHI is $170k now, it was closer to $300K before he retired.


Why? If he wants to play it safe, he can always move the money from stocks to a short-term fund within the 401K without withdrawing it and paying taxes. Of course, if the reason for the withdrawal is tax management or Roth conversion, that's a different discussion.
Anonymous
Post 05/21/2024 16:20     Subject: What is your non-retirement savings and HHI?
I have $16,500 in savings. Husband and I have $7,000 in joint savings. I think he has around $10k in personal savings. We have $6k in a vanguard investment.

We make around $170k gross. It rose some over the last few years. I know we need more in savings. Live in a HCOL area (not DC) and contribute more than 10% to retirement though don’t max out. It’s hard.
Anonymous
Post 05/21/2024 15:38     Subject: What is your non-retirement savings and HHI?
We’re 44 and have around $4M saved. I’m not sure the exact split between retirement and taxable - maybe 1/3 vs 2/3? This does not count home equity or 529s. Our HHI is usually around 300-350k but has been as high as $450k a few years due to bonuses. We also had two one-off payments around $300k each. One was from the sale of a rental and the other was from an employer that sold.
Anonymous
Post 05/21/2024 13:56     Subject: What is your non-retirement savings and HHI?
Anonymous wrote:Good thinking, OP. We have started to save consistently in brokerage accounts a few years ago. Before that, all we made sure to max out our 401(k)/TSP. We now have about $1m saved. HHI (now) $1m.


How much do you save each year in your brokerage accounts? How old are your children and how many do you have?
Anonymous
Post 05/21/2024 13:54     Subject: What is your non-retirement savings and HHI?
HHI income about $360k (gross)
$2.3M in 401ks and Roth IRAs
$310k in taxable investments (but we're about to use some of this for a kitchen reno!)
$240k in 529s for late elementary kids

We're mid to late 40s
Anonymous
Post 05/21/2024 13:47     Subject: What is your non-retirement savings and HHI?
Mid 50s
HHI about $500K

Non-retirement savings ~$4.2M
Retirement Savings ~$4M
529s for 4 kids ~$1.2M
Home equity ~$1.6M