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Started By
Message
Met a personal financial milestone today!
Posted on 2/20/15 at 12:21 pm
Posted on 2/20/15 at 12:21 pm
Reached 100k in my 401k 
. What's considered a good age to get there? I'm not quite 30, so I feel I'm doing okay.
. What's considered a good age to get there? I'm not quite 30, so I feel I'm doing okay. 
20
Posted on 2/20/15 at 12:35 pm to KG6
Deets man. Share how you got there.
This post was edited on 2/20/15 at 12:36 pm
Posted on 2/20/15 at 12:45 pm to KG6
You'll be at 200k before you know it. Seems liken that 1st 100 takes forever, then the compounding starts going crazy. Grats.
Posted on 2/20/15 at 12:55 pm to KG6
Very nice. I think before 30 is pretty strong. Agree with another poster 200k will come much faster.
Posted on 2/20/15 at 1:19 pm to KG6
Nice humblebrag...
and yes this is good.
and yes this is good.
Posted on 2/20/15 at 1:25 pm to LSUFanHouston
Oh.... it's definitely a humble brag. I'm proud of myself right now. Been at around the 90k mark for a few months and didn't feel like I'd ever get there. Company puts a 4% lump match each year and it put me over. Posted on 2/20/15 at 1:28 pm to KG6
Nice job.
Posted on 2/20/15 at 1:58 pm to LSUFanHouston
quote:
Nice humblebrag...
RIP Harris Wittels
Posted on 2/20/15 at 2:33 pm to Oizers
Good job!
Reaching $1M is a satisfying milestone also.
Posted on 2/20/15 at 2:34 pm to KG6
Is that your only retirement/investment account?
Posted on 2/20/15 at 3:19 pm to seawolf06
I'm 26 and nowhere near 100k in my 401k but that is not my only savings vehicle...it is only 25% of my savings, actually.
I care more about net worth than a specific vehicle that got me there.
I care more about net worth than a specific vehicle that got me there.
Posted on 2/20/15 at 3:22 pm to seawolf06
I've got a Roth IRA with about 7k in it. I really need to get into contributing to it, I have no excuse why I don't. Wife is tinkering with the idea of going back to work and it will put us over the income threshold to contribute.
I've also got a solid amount in savings and checking right now. I'm in the oilfield with a 5 month old, a stay at home wife, and a new house. I'm keeping that in a safe spot as a safety net right now. Just made it through a round of layoffs
. What a perfect time for a major move . 
I've also got a solid amount in savings and checking right now. I'm in the oilfield with a 5 month old, a stay at home wife, and a new house. I'm keeping that in a safe spot as a safety net right now. Just made it through a round of layoffs
. What a perfect time for a major move . This post was edited on 2/20/15 at 3:30 pm
Posted on 2/20/15 at 3:24 pm to KG6
i'm jelly
Posted on 2/20/15 at 3:26 pm to KG6
Backdoor Roth. You're welcome in advance.
Posted on 2/20/15 at 3:30 pm to KG6
Bad arse, man. We hit $100k after last year's contributions- I was 31, wife was 35. Pretty good feeling.
Posted on 2/20/15 at 3:38 pm to LSUGUMBO
quote:
wife was 35
Pics or BS.
Of the wife, not the statement.
Congrats to the OP on your milestone.
Posted on 2/20/15 at 4:55 pm to soccerfüt
Now go to the O-T Lounge sidebar and read the thread "Strangest deaths of someone you know."
Planning for the future is more than how much you have in your 401K.
Planning for the future is more than how much you have in your 401K.
Posted on 2/20/15 at 4:59 pm to KG6
Nice!Posted on 2/20/15 at 5:06 pm to Nawlens Gator
quote:Net worth is one thing, but that would be a lot of money in a 401k. I wonder how early somebody could reasonably become a 401k millionaire.
Reaching $1M is a satisfying milestone also.
Posted on 2/20/15 at 5:12 pm to Bayou Tiger
That's a great question and I was wondering it myself, as having one (or two) dating back when they started the things.
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