Anonymous
03/19/2024 20:48
Subject: Age, income, and amount saved for retirement?
Late 50s.
HHI 300K.
Retirement account about 3M.
Pension will be about 150K.
HHI 300K.
Retirement account about 3M.
Pension will be about 150K.
Anonymous
03/19/2024 20:44
Subject: Re:Age, income, and amount saved for retirement?
Retiring in 15 months.
Cash compensation per year $925K
401K $2.8M
Deferred Comp Acct. $2.6M
Investments $2.7M
Spouse's IRA Account $900K
529 account (1 student) $340K
Company Stock $1.5M
Stock Options $2.7M
Cash compensation per year $925K
401K $2.8M
Deferred Comp Acct. $2.6M
Investments $2.7M
Spouse's IRA Account $900K
529 account (1 student) $340K
Company Stock $1.5M
Stock Options $2.7M
Anonymous
03/19/2024 19:32
Subject: Age, income, and amount saved for retirement?
Anonymous wrote:39yo single mom of 2
Income - $820K gross (just started year 2 of making more than $120K)
401k: $400K +
DB plan
Debt: Down from 250K in student loans to $30K
No idea what I’m doing since I grew up poor and financial advisors won’t help me because I don’t have enough savings ($100K). This thread increased my anxiety about it.
Your income went from $120K to $820K in two years?
If that is not a typo and you are just 39, you are doing more than fine.
There are financial advisors you pay by the hour. They won't care about your what your investable funds are because they are not paid via an assets under management fee.
Anonymous
03/19/2024 18:51
Subject: Age, income, and amount saved for retirement?
39yo single mom of 2
Income - $820K gross (just started year 2 of making more than $120K)
401k: $400K +
DB plan
Debt: Down from 250K in student loans to $30K
No idea what I’m doing since I grew up poor and financial advisors won’t help me because I don’t have enough savings ($100K). This thread increased my anxiety about it.
Income - $820K gross (just started year 2 of making more than $120K)
401k: $400K +
DB plan
Debt: Down from 250K in student loans to $30K
No idea what I’m doing since I grew up poor and financial advisors won’t help me because I don’t have enough savings ($100K). This thread increased my anxiety about it.
Anonymous
03/12/2024 09:24
Subject: Re:Age, income, and amount saved for retirement?
Age 43/42
HHI $350,000
Combined retirement accounts $1.7 million.
HHI $350,000
Combined retirement accounts $1.7 million.
Anonymous
03/12/2024 08:14
Subject: Age, income, and amount saved for retirement?
I’m 48 and a teacher. Single parent of a college student. Not sure how my pension would factor into the equation but my 493b is around $125k. No debt. Three years left paying for kid’s college and then I can contribute more to retirement savings. Income is $88k.
Anonymous
03/12/2024 00:52
Subject: Age, income, and amount saved for retirement?
47 years old. Divorced, two kids. Earn $425k. Savings (taxable and retirement) are $2.6 million. Home equity is another $850k (I note the home equity because I expect to downsize and relocate to a cheaper location in a decade).
Anonymous
03/11/2024 23:47
Subject: Age, income, and amount saved for retirement?
Anonymous wrote:Anonymous wrote:Income
46: $2M
47: $110K
Retirement accounts
46: $2.125M Roth
46: $500k 403b, $450k Roth, pension
Non-retirement account investible assets: $30M
Total net worth around $40M
Did you do a mega backdoor Roth and ... Happen to be an early employee of a company that got bought?
Just regular back door Roth and a rollover from a 401K Roth. And I self manage my roth in predominately alternative investments.
Anonymous
03/11/2024 22:59
Subject: Re:Age, income, and amount saved for retirement?
I’m 35. My income is about 160. I have about 430k in my 401k. Dh has about 200k. Was investing savings outside 401k until recently so not really traditional.
Total HHI is 480k.
Total HHI is 480k.
Anonymous
03/11/2024 22:41
Subject: Re:Age, income, and amount saved for retirement?
Anonymous wrote:Me age 40. Just me and 1 teenager. Income has been $80k for the last 5 months. For the decade prior it was $55-63
Retirement 401k $2,500
Savings just hit $5k and I’m so proud of myself.
Debt 0
No debt, you’re in good shape. You got 25 years to save for retirement and let it compound. Pay off your residence, add in Social Security. You be aight.
Anonymous
03/11/2024 22:13
Subject: Re:Age, income, and amount saved for retirement?
Me age 40. Just me and 1 teenager. Income has been $80k for the last 5 months. For the decade prior it was $55-63
Retirement 401k $2,500
Savings just hit $5k and I’m so proud of myself.
Debt 0
Retirement 401k $2,500
Savings just hit $5k and I’m so proud of myself.
Debt 0
Anonymous
03/11/2024 22:04
Subject: Age, income, and amount saved for retirement?
40. HHI $205k. Retirement $800k. Pension of around $50k a year.
Anonymous
03/11/2024 21:57
Subject: Age, income, and amount saved for retirement?
45/45, 500k HHI; $3.9m (taxable investments, retirement accounts, and cash); 500k home equity; no inheritance
Anonymous
03/11/2024 21:35
Subject: Age, income, and amount saved for retirement?
Me: 43, income $185k, $765k TSP
H: 41, income $220k, $650k TSP $170k 403b.
H: 41, income $220k, $650k TSP $170k 403b.
Anonymous
03/11/2024 21:15
Subject: Age, income, and amount saved for retirement?
Anonymous wrote:Anonymous wrote:Anonymous wrote:43
$250k combined.
$3.5M.
Ummm yeah the numbers don't add up...you have been in the workforce for probably 20 years tops and you surely haven't made that combined income the whole time...I call BS..
We married young. We didn’t make $250, but more like 150 combined at that point. We only ever lived on one income for a loonng time, and we made some very lucky investment choices along the way.
These numbers are accurate. But it’s mostly all index funds now.
Me again. We inherited $50k from my grandparents. That was our inheritance. Parents are all still alive.