Anonymous wrote:41 and 43
HHI $350k
Retirement $900k
Investments $250k
Properties $1mil
College 529 $185k for 2 kids

We are both maxing out on retirement and IRAs. In addition finally upping kids 529 plans. Kids will be in college in 4-5 years so it isn't much but we plan to be mortgage free by the time oldest is in college so can funnel some additional money for his college.

That is an impressive amount of savings for that income (assuming you are in DC area). Congrats!

41 and 43
HHI $350k
Retirement $900k
Investments $250k
Properties $1mil
College 529 $185k for 2 kids

We are both maxing out on retirement and IRAs. In addition finally upping kids 529 plans. Kids will be in college in 4-5 years so it isn't much but we plan to be mortgage free by the time oldest is in college so can funnel some additional money for his college.

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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.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.

I am the pp you are talking about. Who are you to say what I can or can't afford? I was not complaining about my finances...just sharing them as their OP asked.

You can't afford to stay home if it means you can only contribute 20k a year towards retirement r

there is so much bad financial advice on this forum, people shooting off guesses as "fact" without complete knowledge, i hope people don't actually take this seriously. go to a real financial forum for advice.

Really? You think telling someone they should save more than 20k a year towards retirement is bad financial advice?

I think telling someone they can't afford to SAHM unless they can contribute more than 20k/yr to retirement, without knowing said person's financial situation (HHI, savings, budget, age, etc.) is overly rigid, possibly inaccurate, and certainly overconfident.

This information was provided above. They have 200k in student loans, no other savings and only contributing 20k a year out of a 190k salary. 150k in retirement in their early 30s. Pp can't afford to stay home with a child unless she doesn't care if her husband is ever able to retire.

I am the person you are speaking about. Just to clarify we do have 150K in retirement already. I can appreciate you have a different way of doing things than I do...but staying at home while putting away 20K in retirement, paying down loans, and paying a mortgage is not exactly a terrible financial place for two people in their early to mid thirties. If we had the same financial situation we do now when kids are in preschool, I would absolutely return to work. However, I think some things (like being home during the baby/toddler phase of life) is more important than making a lot of money. I wouldn't put my family into debt to do it, but I am willing to not save $ in order to do it.

My mistake. I misread the thread.

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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.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.

I am the pp you are talking about. Who are you to say what I can or can't afford? I was not complaining about my finances...just sharing them as their OP asked.

You can't afford to stay home if it means you can only contribute 20k a year towards retirement r

there is so much bad financial advice on this forum, people shooting off guesses as "fact" without complete knowledge, i hope people don't actually take this seriously. go to a real financial forum for advice.

Really? You think telling someone they should save more than 20k a year towards retirement is bad financial advice?

I think telling someone they can't afford to SAHM unless they can contribute more than 20k/yr to retirement, without knowing said person's financial situation (HHI, savings, budget, age, etc.) is overly rigid, possibly inaccurate, and certainly overconfident.

This information was provided above. They have 200k in student loans, no other savings and only contributing 20k a year out of a 190k salary. 150k in retirement in their early 30s. Pp can't afford to stay home with a child unless she doesn't care if her husband is ever able to retire.

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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.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.

I am the pp you are talking about. Who are you to say what I can or can't afford? I was not complaining about my finances...just sharing them as their OP asked.

You can't afford to stay home if it means you can only contribute 20k a year towards retirement r

there is so much bad financial advice on this forum, people shooting off guesses as "fact" without complete knowledge, i hope people don't actually take this seriously. go to a real financial forum for advice.

Really? You think telling someone they should save more than 20k a year towards retirement is bad financial advice?

I think telling someone they can't afford to SAHM unless they can contribute more than 20k/yr to retirement, without knowing said person's financial situation (HHI, savings, budget, age, etc.) is overly rigid, possibly inaccurate, and certainly overconfident.

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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.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.

I am the pp you are talking about. Who are you to say what I can or can't afford? I was not complaining about my finances...just sharing them as their OP asked.

You can't afford to stay home if it means you can only contribute 20k a year towards retirement r

there is so much bad financial advice on this forum, people shooting off guesses as "fact" without complete knowledge, i hope people don't actually take this seriously. go to a real financial forum for advice.

Really? You think telling someone they should save more than 20k a year towards retirement is bad financial advice?

38/39 HHI $225-250k
$550k in retirement accounts, $500k in savings and other investments, $200k equity in our house.
We moved to DC in our early 30s and that the benefit of entering adulthood with no debts or student loans and spending our 20s in lower cost locations, maxing out our 401k contributions.

31 & 33. HHI $200k. Currently about $200k in 401ks, $100k in home equity, 2 kids in daycare. Will finish paying off student loans this year, but probably not going to be able to put max into 401k until we only have one in daycare (2 more years).

34/35
225k salary
220k 401k + very small pension

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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.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.

I am the pp you are talking about. Who are you to say what I can or can't afford? I was not complaining about my finances...just sharing them as their OP asked.

You can't afford to stay home if it means you can only contribute 20k a year towards retirement r

there is so much bad financial advice on this forum, people shooting off guesses as "fact" without complete knowledge, i hope people don't actually take this seriously. go to a real financial forum for advice.

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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.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.

I am the pp you are talking about. Who are you to say what I can or can't afford? I was not complaining about my finances...just sharing them as their OP asked.

You can't afford to stay home if it means you can only contribute 20k a year towards retirement r

Anonymous wrote:

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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.

You're living beyond your means. With such step loans and other expenses you should have bought a less expensive house or should be working. right your reason to not save for retirement may be your mortgage but then in a few years it will be kids' activities or tuition.

What's the point in making a comment like this? Do you think they're going to sell their house now? You also have no idea of what her earning potential is. It might make sense financially for her to stay home.

Yep, my earning potential is 60K max and that would be a stretch. DH on the other hand will likely get a $10K raise this year. It is tight as the first responder mentioned but a $500K is pretty thrifty around here and we bought in a good school district to avoid tuition costs.

BFD. I returned to work at a 59k salary, maxing out 401k. Did a home daycare that cost us 250/mo. That was 10 years ago. Salary is triple that and between my 401k contributions and my company match those 10 years added 270k to retirement, plus a few years of 12% in returns. Thone 10 years will continue to have a compounding effect, not to mention my now nearly 200k salary.

Bfd? Why are you so rude? Not PP you're responding to but seriously, give it a rest.

Another poster. It's incredibly frustrating to read about women who aren't working because of childcare expenses and don't seem to understand that they are destroying their own retirement prospects. Here's a woman who could contribute at least 18k - or double- what they are currently saving but she doesn't under the rationale of childcare expenses. Once childcare costs have stopped she could increase her savings rate. Not to mention before retirement she will have most likely received multiple raises.

The pp is the kind of person who thinks 20k isn't enough to work for but at the same time can't manage to save 20k. See how ridiculous that is?

You're missing that she probably values staying home with her children while they're young and 60k jobs aren't exactly hard to come by should she want to re-enter the work force. Also, as I mentioned in my previous post, Theres no need to be rude to her.

That's fine but pp can't afford to stay home with kids.

I am the pp you are talking about. Who are you to say what I can or can't afford? I was not complaining about my finances...just sharing them as their OP asked.

Anonymous wrote:49/45
HHI roughly $375k

Retirement savings of approx. $1.2 million

Liquid savings of approx. $200k

Own 3 homes (2 rentals) with equity of perhaps $450k altogether.

solid! I hope to be where you are at. I'm 39, we have 1M in retirement, 2 properties (250K in equity), about to by another this sprig that will significantly reduce our liquid reserves, but the property will be cash flow positive immediately. We feel like our retirement is on a good path and are now focusing most of our extra money on real estate, hoping to buy a new property every 2 years.

49/45
HHI roughly $375k

Retirement savings of approx. $1.2 million

Liquid savings of approx. $200k

Own 3 homes (2 rentals) with equity of perhaps $450k altogether.