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.