Anonymous
01/02/2023 07:31
Subject: How much did you save for retirement in 2022?
Older fed who maxed out TSP plus catch up. Spouse is retired and as far as I know neither of us is eligible for Roth.
Anonymous
01/02/2023 00:07
Subject: How much did you save for retirement in 2022?
Anonymous wrote:Husband maxed out his TSP + match + full Roth contribution.
I just reentered the workforce in august- I put in 3200 in contribution + match + full Roth contribution.
My understanding is that you can max your tsp at the cap, and not do an additional Roth on top of that.
Anonymous
01/01/2023 13:41
Subject: Re:How much did you save for retirement in 2022?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Around $100,000 in 401k, megaroth, Roth, hsa, iBonds. Nevertheless, we’re down for the year.
Reading comprehension failure.
Wrong. YOU don’t know how the rich use HSAs (which is a tax advantaged retirement account). You can use it for ANYTHING after age 62 and will only be taxed like a traditional IRA. Simpletons use HSAs for actual health care costs as they use them. The very rich (or at least the savvy) use it as a retirement planning tool.
Still wrong. Paying off a mortgage may or may not be a retirement planning tool but it has nothing to do with saving for retirement. Fail ^^
Ibonds. 😂
I’m the PP who posted about HSA and iBonds for retirement. I don’t plan to withdraw the triple tax free HSA until I’m retired so I count that as retirement savings. I also don’t plan to withdraw iBonds until retirement and those are tax deferred until you withdraw as well as state tax free. I don’t think I failed to comprehend.
you fail to differentiate the difference bw retirement savings and savings.
What’s the difference really? If there is some tax advantage or if it’s specifically a “retirement” account? PP could just save extra in the brokerage account and call it retirement savings too.
Because I don’t think that’s the intent of the post. Sure, I could save anything, acquire anything, do anything to avoid taxes, or pay anything off as part of my overall savings and investment ideas but that’s not what OP seems to mean when she asks about saving for retirement. Otherwise, why not just ask what was saved this year? Or saved for retirement, even if not in traditional retirement vehicles.
OP said everything you set aside for retirement and did not specify traditional retirement vehicles. OP also listed a very high number of $115k so either that includes very large employer contributions or some additional funds outside of traditional retirement vehicles.
I figured OP and spouse are self employed, which allows up to $61k per person in retirement contributions.
Anonymous
01/01/2023 10:14
Subject: How much did you save for retirement in 2022?
Anonymous wrote:84k added to retirement accounts this year:
41k - both of us maxed 401k
12k - two backdoor Roths
31k - employer match
We also saved 20k to taxable accounts that likely will be used in retirement but isnt a retirement account.
Wow awesome employer matching.
Anonymous
01/01/2023 10:03
Subject: How much did you save for retirement in 2022?
$45k on a $160k hhi. Next year it we’ll be about $4k more.
Anonymous
01/01/2023 09:41
Subject: How much did you save for retirement in 2022?
84k added to retirement accounts this year:
41k - both of us maxed 401k
12k - two backdoor Roths
31k - employer match
We also saved 20k to taxable accounts that likely will be used in retirement but isnt a retirement account.
41k - both of us maxed 401k
12k - two backdoor Roths
31k - employer match
We also saved 20k to taxable accounts that likely will be used in retirement but isnt a retirement account.
Anonymous
01/01/2023 09:26
Subject: Re:How much did you save for retirement in 2022?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Around $100,000 in 401k, megaroth, Roth, hsa, iBonds. Nevertheless, we’re down for the year.
Reading comprehension failure.
Wrong. YOU don’t know how the rich use HSAs (which is a tax advantaged retirement account). You can use it for ANYTHING after age 62 and will only be taxed like a traditional IRA. Simpletons use HSAs for actual health care costs as they use them. The very rich (or at least the savvy) use it as a retirement planning tool.
Still wrong. Paying off a mortgage may or may not be a retirement planning tool but it has nothing to do with saving for retirement. Fail ^^
Ibonds. 😂
I’m the PP who posted about HSA and iBonds for retirement. I don’t plan to withdraw the triple tax free HSA until I’m retired so I count that as retirement savings. I also don’t plan to withdraw iBonds until retirement and those are tax deferred until you withdraw as well as state tax free. I don’t think I failed to comprehend.
you fail to differentiate the difference bw retirement savings and savings.
What’s the difference really? If there is some tax advantage or if it’s specifically a “retirement” account? PP could just save extra in the brokerage account and call it retirement savings too.
Because I don’t think that’s the intent of the post. Sure, I could save anything, acquire anything, do anything to avoid taxes, or pay anything off as part of my overall savings and investment ideas but that’s not what OP seems to mean when she asks about saving for retirement. Otherwise, why not just ask what was saved this year? Or saved for retirement, even if not in traditional retirement vehicles.
OP said everything you set aside for retirement and did not specify traditional retirement vehicles. OP also listed a very high number of $115k so either that includes very large employer contributions or some additional funds outside of traditional retirement vehicles.
Anonymous
01/01/2023 08:06
Subject: Re:How much did you save for retirement in 2022?
Single income military family: maxed out TSP and both Roth IRAs, plus added about $1000 to our brokerage account. So about $33,500. Happy with that for now but would like to add more to the brokerage account this year.
Anonymous
01/01/2023 07:54
Subject: Re:How much did you save for retirement in 2022?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Around $100,000 in 401k, megaroth, Roth, hsa, iBonds. Nevertheless, we’re down for the year.
Reading comprehension failure.
Wrong. YOU don’t know how the rich use HSAs (which is a tax advantaged retirement account). You can use it for ANYTHING after age 62 and will only be taxed like a traditional IRA. Simpletons use HSAs for actual health care costs as they use them. The very rich (or at least the savvy) use it as a retirement planning tool.
Still wrong. Paying off a mortgage may or may not be a retirement planning tool but it has nothing to do with saving for retirement. Fail ^^
Ibonds. 😂
I’m the PP who posted about HSA and iBonds for retirement. I don’t plan to withdraw the triple tax free HSA until I’m retired so I count that as retirement savings. I also don’t plan to withdraw iBonds until retirement and those are tax deferred until you withdraw as well as state tax free. I don’t think I failed to comprehend.
you fail to differentiate the difference bw retirement savings and savings.
What’s the difference really? If there is some tax advantage or if it’s specifically a “retirement” account? PP could just save extra in the brokerage account and call it retirement savings too.
Because I don’t think that’s the intent of the post. Sure, I could save anything, acquire anything, do anything to avoid taxes, or pay anything off as part of my overall savings and investment ideas but that’s not what OP seems to mean when she asks about saving for retirement. Otherwise, why not just ask what was saved this year? Or saved for retirement, even if not in traditional retirement vehicles.
Anonymous
01/01/2023 00:38
Subject: Re:How much did you save for retirement in 2022?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Around $100,000 in 401k, megaroth, Roth, hsa, iBonds. Nevertheless, we’re down for the year.
Reading comprehension failure.
Wrong. YOU don’t know how the rich use HSAs (which is a tax advantaged retirement account). You can use it for ANYTHING after age 62 and will only be taxed like a traditional IRA. Simpletons use HSAs for actual health care costs as they use them. The very rich (or at least the savvy) use it as a retirement planning tool.
Still wrong. Paying off a mortgage may or may not be a retirement planning tool but it has nothing to do with saving for retirement. Fail ^^
Ibonds. 😂
I’m the PP who posted about HSA and iBonds for retirement. I don’t plan to withdraw the triple tax free HSA until I’m retired so I count that as retirement savings. I also don’t plan to withdraw iBonds until retirement and those are tax deferred until you withdraw as well as state tax free. I don’t think I failed to comprehend.
you fail to differentiate the difference bw retirement savings and savings.
What’s the difference really? If there is some tax advantage or if it’s specifically a “retirement” account? PP could just save extra in the brokerage account and call it retirement savings too.
Anonymous
12/31/2022 19:11
Subject: Re:How much did you save for retirement in 2022?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Around $100,000 in 401k, megaroth, Roth, hsa, iBonds. Nevertheless, we’re down for the year.
Reading comprehension failure.
Wrong. YOU don’t know how the rich use HSAs (which is a tax advantaged retirement account). You can use it for ANYTHING after age 62 and will only be taxed like a traditional IRA. Simpletons use HSAs for actual health care costs as they use them. The very rich (or at least the savvy) use it as a retirement planning tool.
Still wrong. Paying off a mortgage may or may not be a retirement planning tool but it has nothing to do with saving for retirement. Fail ^^
Ibonds. 😂
I’m the PP who posted about HSA and iBonds for retirement. I don’t plan to withdraw the triple tax free HSA until I’m retired so I count that as retirement savings. I also don’t plan to withdraw iBonds until retirement and those are tax deferred until you withdraw as well as state tax free. I don’t think I failed to comprehend.
you fail to differentiate the difference bw retirement savings and savings.
Anonymous
12/31/2022 18:10
Subject: Re:How much did you save for retirement in 2022?
HHI of 300k in mid-30s. We saved 55k across 401ks and a backdoor Roth IRA. Like others, in spite of the savings the overall balance is down from a year ago. 
Anonymous
12/31/2022 18:03
Subject: Re:How much did you save for retirement in 2022?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Around $100,000 in 401k, megaroth, Roth, hsa, iBonds. Nevertheless, we’re down for the year.
Reading comprehension failure.
Wrong. YOU don’t know how the rich use HSAs (which is a tax advantaged retirement account). You can use it for ANYTHING after age 62 and will only be taxed like a traditional IRA. Simpletons use HSAs for actual health care costs as they use them. The very rich (or at least the savvy) use it as a retirement planning tool.
Still wrong. Paying off a mortgage may or may not be a retirement planning tool but it has nothing to do with saving for retirement. Fail ^^
Ibonds. 😂
I’m the PP who posted about HSA and iBonds for retirement. I don’t plan to withdraw the triple tax free HSA until I’m retired so I count that as retirement savings. I also don’t plan to withdraw iBonds until retirement and those are tax deferred until you withdraw as well as state tax free. I don’t think I failed to comprehend.
Anonymous
12/31/2022 17:24
Subject: How much did you save for retirement in 2022?
60k but due to the market, the balance is way down
Anonymous
12/31/2022 17:18
Subject: How much did you save for retirement in 2022?
Nothing. My work doesn't offer retirement, never has. I contribute to Roth going forward, but it's more of a joke. My taxes are already low. I don't need a lousy $6k a year growing tax free.