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re: How much did you save for retirement in 2019?
Posted on 12/23/19 at 10:34 pm to Lsupimp
Posted on 12/23/19 at 10:34 pm to Lsupimp
quote:
How much did you save for retirement in 2019?
You lose it all in the end. It’s good to remember that as you save as a reminder to enjoy your wealth prior to the 18 wheeler, brain aneurism or pancreatic cancer that often finds us out of the blue.
A timely reminder, as I’m thinking tonight about several ppl my age who likely won’t see New Years Day 2020. Travel when you can, do the things you love, balance saving for the future with enthusiasm and enjoyment for the present. We are not promised a tomorrow.
Posted on 12/23/19 at 11:11 pm to 3morereps
$2,600 in my 457b plan. My pension I’d have to look, probably had approximately $4,500 taken out. I think I win this thread if we are going by lowest amount
Posted on 12/23/19 at 11:13 pm to 3morereps
About $42,000 between the two of us. Our goal here on out is $35,000 per year to get to a “comfortable” retirement number. It’s a balancing act sometimes between tax savings now, saving for retirement later, and living in the present, but I think we do a pretty good job balancing the three.
Posted on 12/24/19 at 5:20 am to Oenophile Brah
We're in the same boat. We did a restructure with a bank here in New Orleans. This was all arranged before SoFi, Commonbond, etc... really became popular and available. It's structured like a ballloon note, so that's why I'm sticking away so much cash. We currently pay $2,510 a month for the loan. More than my freaking mortgage.
If we weren't doing something overly expensive, I.e. having a nanny, I would probably refinance and let them ride. I'm just ready for them to be GONE! That $30,000 back every year will be a significant boost to my after-tax investing opportunities.
If we weren't doing something overly expensive, I.e. having a nanny, I would probably refinance and let them ride. I'm just ready for them to be GONE! That $30,000 back every year will be a significant boost to my after-tax investing opportunities.
Posted on 12/24/19 at 7:03 am to 3morereps
401k 8400$
Match 2500$
Savings 20k
Ok year.
Match 2500$
Savings 20k
Ok year.
Posted on 12/24/19 at 7:24 am to Lsupimp
quote:
the 18 wheeler, brain aneurism or pancreatic cancer that often finds us out of the blue.
I know a guy who says smoking cigarettes is his retirement plan.
Posted on 12/24/19 at 8:35 am to Twenty 49
56k solo 401k
70k brokerage
70k brokerage
Posted on 12/24/19 at 8:43 am to 3morereps
Counting gains over $100k.
I put in $19,000 (plus 5% match) and $6,000 catch up.
I put in $19,000 (plus 5% match) and $6,000 catch up.
Posted on 12/24/19 at 9:18 am to 3morereps
This has been the worst year for me financially I've had since I started working.
Non paying clients along with a lawsuit has me at the exact same net worth I started my year at.
Looking to crank it up in 2020.
Non paying clients along with a lawsuit has me at the exact same net worth I started my year at.
Looking to crank it up in 2020.
Posted on 12/24/19 at 9:19 am to TheWiz
quote:
We did a restructure with a bank here in New Orleans. This was all arranged before SoFi, Commonbond, etc... really became popular and available. It's structured like a ballloon note,
I haven’t heard of that kind of arrangement for student loans. Is that specific to docs or attorneys?
We just moved in to our “mid term” house and our newborn is in a nursery so our expenditures are high. If we can make it another 18 months, our student loans will be manageable and our car notes will be rolling off. That will give us some more space to pay down and invest....assuming we don’t have another child. You’re right, those student loans are an albatross that keeps my family from reaching the savings rates I would like to hit at this point.
Posted on 12/24/19 at 9:25 am to greenbean
401k: $19k
401k match: $5k
Mega Roth: $27.5k
Backdoor Roth IRA: $6k
Brokerage: $45k
401k match: $5k
Mega Roth: $27.5k
Backdoor Roth IRA: $6k
Brokerage: $45k
Posted on 12/24/19 at 9:33 am to Oenophile Brah
It was something my FIL was a big advocate for and helped us set up. Got us from 6.8% federal loans to 4.5% private loans. He has boatloads of money tied up with them for equipment he has finance. Again, this was prior to SoFi and similar compnies being so popular in the last few years.
Posted on 12/24/19 at 10:14 am to 3morereps
$36,900. Maxed Roth IRA and 401k Plus match and another $7,500 into my brokerage account.
My best year so far in terms of total dollars contributed.
My best year so far in terms of total dollars contributed.
Posted on 12/24/19 at 6:52 pm to 3morereps
quote:
How much did you save for retirement in 2019?
More than everyone else
Posted on 12/25/19 at 12:46 pm to 3morereps
25% of gross income.
That includes 401k, HSA, Roth IRA, and a savings account.
Props to everyone on here for their discipline!
That includes 401k, HSA, Roth IRA, and a savings account.
Props to everyone on here for their discipline!
Posted on 12/25/19 at 9:02 pm to Lsupimp
quote:
You lose it all in the end. It’s good to remember that as you save as a reminder to enjoy your wealth prior to the 18 wheeler, brain aneurism or pancreatic cancer that often finds us out of the blue
This can’t be said enough.
Posted on 12/26/19 at 9:09 am to MusclesofBrussels
Came here because I felt good about how much I saved this year and wanted to see how others did. Now I feel like a poor loser.
Posted on 12/26/19 at 9:23 am to 3morereps
At some point this year I switched to savings the minimum to get the company 401k match. Plan is to eventually save more post-taxed dollars. Not there yet.
Posted on 12/26/19 at 9:56 am to 3morereps
68k - 21k of this won't happen until 2020 (6k more BD Roth and 15k profit sharing). We also max our HSA, but can't count this because we really do spend most of this every year at this point can't call it retirement.
Posted on 12/26/19 at 10:30 am to 3morereps
The same as 2018, $26,972.50 into my “IRA”
Pension is also estimated to be $67,780 per year if I retire at 55
Pension is also estimated to be $67,780 per year if I retire at 55
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