Anonymous
08/23/2016 18:05
Subject: How old are you, HHI and how much saved for retirement?
38 and 38
HHI ~250k
Retirement 525k
Non retirement investments 428k
HHI ~250k
Retirement 525k
Non retirement investments 428k
Anonymous
08/23/2016 13:04
Subject: Re:How old are you, HHI and how much saved for retirement?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:39 and 36 and we have around 110k combined for retirement
Hhi is currently 380 but will be going down soon.
I am glad we are not alone in this boat. HHI 450k( but just started to make that) around 100k in 401k. 2 rental properties though. Going to make much more in a few next years.Ages 34 and 38.
I'm the poster you responded to. I bet there are others out there like us. Only the people with massive retirement funds seem to post in these threads. We paid off 400,000 in student loans and focused on that instead of saving. The debt was too overwhelming and stressful to consider putting money towards anything else.
There are others and I am one of them! DH and I are both 33 with one child and I am SAHM. DH makes 190K. 150K in retirement but after buying our house we have no other savings (we have family in case of emergency). DH has 200K of student loans and we are 8 years into a 10 year repayment. Between that, very pricey health insurance, and mortgage we are putting about 20K into retirement this year and thats it. DH will get a bonus of about 5-10K that we will mostly use to rebuild our savings and fix up house.
Anonymous
08/23/2016 12:51
Subject: Re:How old are you, HHI and how much saved for retirement?
42 and 45
$300K HHI
$600 401K
I will get a federal pension if I stay put.
DH will get a substantial pension from the WB.
$300K HHI
$600 401K
I will get a federal pension if I stay put.
DH will get a substantial pension from the WB.
Anonymous
08/23/2016 12:44
Subject: How old are you, HHI and how much saved for retirement?
42
$170,000
$33,300
$170,000
$33,300
Anonymous
08/23/2016 12:31
Subject: Re:How old are you, HHI and how much saved for retirement?
30 and 32
HHI of $165K (I had a recent 50% raise via job change/sector switch)
Combined retirement of 100K.
That is with me saving 10%-15% religiously since I started working. My spouse started after we got married 5 years ago. We have 1 kid and are saving for college in a 529 as well.
HHI of $165K (I had a recent 50% raise via job change/sector switch)
Combined retirement of 100K.
That is with me saving 10%-15% religiously since I started working. My spouse started after we got married 5 years ago. We have 1 kid and are saving for college in a 529 as well.
Anonymous
08/23/2016 11:37
Subject: Re:How old are you, HHI and how much saved for retirement?
Anonymous wrote:Anonymous wrote:Ages: 34/35
HHI: $365K + $90k bonus at end of year
Retirement: $160K between two of us (DH is very little since we've been spending past few years paying off law school loans)
How much were your student loans and how long have you made that income? At $365, you could put half into loans and still have money to live decently for a year.
Loans were about $180k. Down to about $20k now with a very low interest rate, so paying off more slowly. Now focusing on upping retirement, college saving (one kid, one on the way) and investing.
Anonymous
08/23/2016 11:30
Subject: Re:How old are you, HHI and how much saved for retirement?
Anonymous wrote:Ages: 34/35
HHI: $365K + $90k bonus at end of year
Retirement: $160K between two of us (DH is very little since we've been spending past few years paying off law school loans)
How much were your student loans and how long have you made that income? At $365, you could put half into loans and still have money to live decently for a year.
Anonymous
08/23/2016 11:26
Subject: Re:How old are you, HHI and how much saved for retirement?
Ages: 34/35
HHI: $365K + $90k bonus at end of year
Retirement: $160K between two of us (DH is very little since we've been spending past few years paying off law school loans)
HHI: $365K + $90k bonus at end of year
Retirement: $160K between two of us (DH is very little since we've been spending past few years paying off law school loans)
Anonymous
08/23/2016 11:07
Subject: Re:How old are you, HHI and how much saved for retirement?
Anonymous wrote:Anonymous wrote:Ugh. Just to make others feel better...31 and 34, hhi around 65k, about 40k in traditional IRAs. Neither of us has ever had a job with retirement benefits. HHI will go up a bit this year but even 15% will be hard to save.
Thanks PP. I'm the $0 retirement poster. DH keeps saying we'll open a Roth or something for me, don't enroll in my workplace's package because they don't match, but I don't see it happening. I just got a 20% raise and already every dollar is somehow diverted somewhere critical that is not my retirement fund.
You can divert it before it goes into your bank account. Have part of your check every payday go to an IRA account. Also, sign up for the 401k and start putting money in even if employer does not contribute. Put 5% in to start, then add half of your future increases until you max out. Again, the money will be diverted before it gets to your bank account.
Anonymous
08/23/2016 10:29
Subject: How old are you, HHI and how much saved for retirement?
Anonymous wrote:31, DH 32
HHI = $170k (possibly up to $220k with bonuses)
Combined investments = $400k
401ks, Roths, IRAs = $200k
We try to save $2k/month in our retirement accounts, plus max out Roth IRAs every year.
No debt other than mortgage and some student loans our financial advisor tells us not to pay off yet (better to claim interest on taxes).
Hoping to have a few million saved by the time we hit our 60s so we can retire and not end up eating cat food. No pensions for our generation and I doubt we'll ever see any social security so it's all up to us!
No kids yet, but are thinking of starting soon. Have concerns that might derail retirement savings (childcare costs here are criminal) so trying to do as much as we can while we're young!
You are not that young. Have kids now or else you'll be working forever to pay for their college/weddings/whatever.
Anonymous
08/22/2016 15:40
Subject: How old are you, HHI and how much saved for retirement?
Anonymous wrote:33, HHI is around $200k, I have $0 saved for retirement and DH just drained $60k from his 401(k) for the down payment on our new house (he'll pay it back with what we make back on selling our current house). So yeah, great shape, huh.
Was this a loan? If not, you paid income taxes and a 10% penalty?
Anonymous
08/22/2016 15:39
Subject: Re:How old are you, HHI and how much saved for retirement?
Anonymous wrote:Anonymous wrote:Ugh. Just to make others feel better...31 and 34, hhi around 65k, about 40k in traditional IRAs. Neither of us has ever had a job with retirement benefits. HHI will go up a bit this year but even 15% will be hard to save.
Thanks PP. I'm the $0 retirement poster. DH keeps saying we'll open a Roth or something for me, don't enroll in my workplace's package because they don't match, but I don't see it happening. I just got a 20% raise and already every dollar is somehow diverted somewhere critical that is not my retirement fund.
Hope you don't get divorced...
Anonymous
08/22/2016 14:58
Subject: Re:How old are you, HHI and how much saved for retirement?
51 and 53, $480K, 3.3 million
Anonymous
08/22/2016 12:49
Subject: How old are you, HHI and how much saved for retirement?
35 and 37
HHI of 220k
401ks and Roth IRAs at 500k total
I have company stock worth 100k
DH will get a military pension when he retires at least 3k a month.
HHI of 220k
401ks and Roth IRAs at 500k total
I have company stock worth 100k
DH will get a military pension when he retires at least 3k a month.
Anonymous
08/22/2016 12:42
Subject: How old are you, HHI and how much saved for retirement?
Anonymous wrote:38/40
$1.75M
$625k in Roth IRA/401K
$200 traditional 401k
$9.5M Non retirement investible assets
***********************
"Oh, and I almost forgot . . . we also have $9.5 million....." You thought you'd just throw that out there, right?