- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How much should a person have in their savings by 25?
Posted on 5/19/15 at 10:09 am to Sigma
Posted on 5/19/15 at 10:09 am to Sigma
quote:
Didn't he have some kind of strange life philosophy about living it up because you might die tomorrow?
something like that
he regularly carries 5 figure credit card debt and lives off disability
1
Posted on 5/19/15 at 10:28 am to yellowfin
I am 26 and have about $41k in retirement (401k, Roth, Brokerage) and between $10-12k in cash depending on the week of the month.
I do worry that I put too much away into 401k/Roth, so I am working to address that moving forward.
Additionally, I was very fortunate to have parents that paid for my college tuition. But with that, over 95% of the above numbers were made post graduation.
I do worry that I put too much away into 401k/Roth, so I am working to address that moving forward.
Additionally, I was very fortunate to have parents that paid for my college tuition. But with that, over 95% of the above numbers were made post graduation.
Posted on 5/19/15 at 11:29 am to TheHiddenFlask
quote:
I think it was 6 figures by 30 you need to reevaluate your life.
I don't think that is an absurd goal.
Posted on 5/19/15 at 12:18 pm to TheHiddenFlask
quote:
I think it was 6 figures by 30 you need to reevaluate your life.
I don't think that is an absurd goal.
People could be restricted by their professions but I would think this is reasonable for a hard working person who has some fortune along the way too. I'm hoping to be making that much well before that based on my profession
Posted on 5/19/15 at 12:27 pm to GenesChin
quote:
People could be restricted by their professions but I would think this is reasonable for a hard working person who has some fortune along the way too. I'm hoping to be making that much well before that based on my profession
Well if you make 100k a year, you are in the top 15% of people who have incomes. I think its very unrealistic to put that on someone who is 30.
Posted on 5/19/15 at 12:38 pm to Jtigers99
quote:
That's a couple of years out of college. Time to establish yourself.
Savings or retirment? I think $35k out of college is about right (some do much better, some do worse) - and 15% of that, so about $10k should be in retirement.
A good rule of thumb for savings at that point would also be about $10k in liquid savings for emergencies. If a 25-year old kid was there, with no debt other than a mortage, well on his way to be wealthy by 50.
Posted on 5/19/15 at 12:42 pm to Hawkeye95
quote:
Well if you make 100k a year, you are in the top 15% of people who have incomes. I think its very unrealistic to put that on someone who is 30.
I am not saying you "should" be able to make that much, just that as a 'goal' isn't ridiculous for high achieving capable people.
At my fortune500 company, managers for a number of business/professional level employee areas pull in 100k+ (avg COL) of which a percentage of that population is around 30YO
Like I said, you need fortune and to be capable to get there but it is very doable for anyone willing to do what it takes.
This post was edited on 5/19/15 at 12:44 pm
Posted on 5/19/15 at 12:53 pm to GenesChin
quote:
Only about 20 percent of American households even break the six-figure mark, according to Census Bureau data. But while many Americans still see that number as a prized income, it doesn't necessarily roll out the red carpet anymore.
That's household, not individuals.
This post was edited on 5/19/15 at 12:54 pm
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News