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re: At what age did you reach the $50K and $100K mark in your 401(K)?
Posted on 2/1/13 at 9:47 am to stendulkar
Posted on 2/1/13 at 9:47 am to stendulkar
quote:
stendulkar
irrelevant to me, it depends if those numbers are important to you and if the 401k is your main focus of investing. I did not make jack(by my standards and probably most others) until i was 34. That was 8 years ago. circumstances are different for everyone. I had a 401k in the past and cashed out (paid taxes and penalties as i never thought i would be an employee again and I had no roth then nor thought about rolling it over as I needed the money anyway). After that I mainly did contract work through my S-corp. Now i have a roth ira and a 401k again but i just max the roth and only put in the match on the 401k. most all my extra money now goes towards RE.
A better gauge would be one's net worth/financial independence IMO.
This post was edited on 2/1/13 at 10:05 am
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