re: What amount do you save per month?

I have way too much in savings not doing anything. Granted it's in a Marcus/Goldman Sachs HYSA earning 4.5%, but I need to be doing more with it.

We probably put close to $1k a month away with another 11% going into my 401k.

HYSA isn’t a death sentence financially any longer. It’s a decent risk free return and gives a market hedge. For years it wasn’t viable but there are much worse things you could be doing that earning almost 5%

Basically 0, because I already have my emergency fund in savings. Anything past that is typically invested. No reason to have it sitting around in savings... that being said a lot of savings accounts are paying ok interest these days. But generally that is not what I consider "savings"

no sure I understand "savings". but ours varies year to year. from all sources going into all manner of accounts, last year, average 16k/mo.? (does not include profit sharing at my work)

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Other than SoSEPP, which we probably wouldn’t use over the taxable brokerage, are there any other strategies you are aware of to bridge the income gap from 50 until 59.5?

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Roth Conversion Ladder, but then you will be paying your current maximum marginal income tax rate (probably 22% +) on the conversion to avoid what may be some 10%-12% rates if you used SEPP on traditional deferred retirement assets.

Edit: on the other hand, marginal rates may go up when the Trump tax cuts sunset, so the math could change, probably for the worse.

I started putting away $25 a day on Jan 1.

At the end of the year, I should have $9150.

Nothing to a generic savings account. We have a 6 month emergency fund built up so our savings plan is:

Max HSA
Max 401k’s (nearly there for both of us)
Add to each kids college fund
Any lagniappe to a taxable brokerage

EJ is the Fat Bastard bat signal.

We hit 48% savings rate on free cash flow this past month which has been fairly typical. This does not account for any pre-tax retirement contributions.

We’ll be on track for financial independence in a handful of years if we keep it up.

I’m interested in financial independence but I don’t have a specific number or age in mind. If we continue on current path, then early 40s should be feasible for financial independence. We’ve been fortunate to expand our incomes so our savings rate is really driven through top line versus us needing to be cost conscious. I keep track of cash flow closely but we do not budget strictly nor do we reign in expenses. At the same time, we live a simple life relative to what we could afford.

I don’t have an interest in retiring early per se but I have tremendous interest in financial independence. If I needed to classify ourselves in the FIRE movement, we would be somewhere between Coast FIRE and Fat FIRE.