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re: Need help with a lump sum

Posted on 7/13/18 at 3:49 pm to
Posted by TheWiz
Third World, LA
Member since Aug 2007
11695 posts
Posted on 7/13/18 at 3:49 pm to
quote:

I have 200k between my sep and Roth, and then another 25k in my child’s 529. Im 30 I know the retirement account is low, but I have certain limits each year and no matching 401k.


Ummmm.... That's not low. Not any of that is low.
Posted by castorinho
13623 posts
Member since Nov 2010
82099 posts
Posted on 7/13/18 at 5:15 pm to
quote:

Ummmm.... That's not low. Not any of that is low.

Yeah, might be low for his personal goal, but thats nowhere near low. Hell, if he doesn't make another contribution, that'll be one million at age 55.
Which obviously isn't an amount one should be comfortable with, but still that's way above average.
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