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re: How old are you and how much goes toward your retirement each month?
Posted on 12/11/21 at 7:57 am to eng08
Posted on 12/11/21 at 7:57 am to eng08
I'm 28
With employer match I contribute about $1k to 401k. I also just bought a 2 bedroom townhome fixer upper that the plan is to live in and finish the renovations (~$20k left) and have my first rental by 30 at the latest. I'm in the process of buying 50 acres of family hunting/timber land.
I do have an HSA from a former employer at roughly $12k and a Roth with about $15k. I've only been contributing to the Roth intermittent lately due to the cash needs of my other investments.
I say all of this to say, it depends on your situation. I could have pumped cash into my 401k and had a great balance for my age. Instead I diversified into some other vehicles that will both make money and bring me utility.
With employer match I contribute about $1k to 401k. I also just bought a 2 bedroom townhome fixer upper that the plan is to live in and finish the renovations (~$20k left) and have my first rental by 30 at the latest. I'm in the process of buying 50 acres of family hunting/timber land.
I do have an HSA from a former employer at roughly $12k and a Roth with about $15k. I've only been contributing to the Roth intermittent lately due to the cash needs of my other investments.
I say all of this to say, it depends on your situation. I could have pumped cash into my 401k and had a great balance for my age. Instead I diversified into some other vehicles that will both make money and bring me utility.
Posted on 12/11/21 at 8:22 am to Big Ole Baw
I'm 57. Wife has a teachers pension, we max roths in January for both of us, and I put $18k in my company 403b. I could contribute up to $26k, but I think it's plenty. Also max out HDA. Also get 8% company March.
I hope to retire 60-62.
I hope to retire 60-62.
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