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Started By
Message
How much did you save for retirement in 2019?
Posted on 12/23/19 at 9:38 am
Posted on 12/23/19 at 9:38 am
So far I have saved $62,100 towards retirement. This is my best year yet in terms of savings even though I spent mire than I’ve ever spent. It is not what you make. It is what you keep!
$20,000 in 401k includes employer match
$15,000 SEP IRA
$20,000 Non-qualified brokerage contributions
$7,100 HSA
$20,000 in 401k includes employer match
$15,000 SEP IRA
$20,000 Non-qualified brokerage contributions
$7,100 HSA
35
Posted on 12/23/19 at 9:49 am to 3morereps
~50% of net
Posted on 12/23/19 at 10:00 am to 3morereps
Not enough
Posted on 12/23/19 at 10:01 am to 3morereps
I think it was my most ever. 50% of net is probably in the ballpark.
Posted on 12/23/19 at 10:03 am to 3morereps
Had a move this year so with the cost of the move, furniture, new boat, new atv, etc I didn't get to invest as much as usual. I did max my 401k and roth. Small amount into private equities. I had planned on setting up a HSA but that never happened. Hopefully next year.
Posted on 12/23/19 at 10:45 am to TimeOutdoors
Not enough.
About 35k.
We saved a lot this year, but shite just kept happening that’d knock us back down a peg and we like to keep a (probably too large) cushion of cash. For example, had to replace our AC unit and had to drop 6k unexpectedly.
About 35k.
We saved a lot this year, but shite just kept happening that’d knock us back down a peg and we like to keep a (probably too large) cushion of cash. For example, had to replace our AC unit and had to drop 6k unexpectedly.
Posted on 12/23/19 at 10:49 am to 3morereps
quote:
3morereps
Bravo for a successful year of savings. I've got student loans to trim down before I can get my numbers where I want them. I do have a question for you about your 401k. It looks like you're not maximizing your available savings (assuming you're employer match isn't $1,000). Any reason? Any kids or plan on it? You can open a 529 w/out having children.
Posted on 12/23/19 at 10:55 am to Oenophile Brah
I didn’t max out my 401k and could have planned that better, but I do like tge SEP better as I have more and less expensive options than my 401ks fund lineup.
Yes, I have children and contribute to my star’s plan monthly. Only a couple hundred a month but it will add up.
Yes, I have children and contribute to my star’s plan monthly. Only a couple hundred a month but it will add up.
This post was edited on 12/23/19 at 10:56 am
Posted on 12/23/19 at 11:00 am to 3morereps
Money board.
Where we are all 1%er's.
Note: i'm not saying i dont believe you, i'm just pointing out how this board is a fricking bubble and not the norm
Where we are all 1%er's.
Note: i'm not saying i dont believe you, i'm just pointing out how this board is a fricking bubble and not the norm
Posted on 12/23/19 at 11:05 am to HailToTheChiz
The people on this board and are intentional with their money. Just viewing and contributing to the money board probably puts one in the top 5-10%. Most people finance cars, boats, pools and other depreciating assets. The norm is to be bad with one’s finances
Posted on 12/23/19 at 11:09 am to 3morereps
quote:
The people on this board and are intentional with their money. Just viewing and contributing to the money board probably puts one in the top 5-10%. Most people finance cars, boats, pools and other depreciating assets. The norm is to be bad with one’s finances
Oh, don't get me wrong. I love this board. There is a lot of good information to be learned here.
Posted on 12/23/19 at 11:13 am to 3morereps
about tree fiddy
Posted on 12/23/19 at 11:26 am to 3morereps
quote:
Just viewing and contributing to the money board probably puts one in the top 5-10%
yep. i have said that many times here. we have a bunch of us here in top 5%. need 515k AGI to be in top 1%.
Posted on 12/23/19 at 11:34 am to HailToTheChiz
quote:
Where we are all 1%er's.
incorrect but vast majority ARE top 10%
quote:
how this board is a fricking bubble and not the norm
absofrickinglutely
Posted on 12/23/19 at 11:38 am to 3morereps
$19,000 contribution to 401k
$36,363 employee match/profit share to 401k
$7,100 in HSA
$1,500 to the IRA
$3,000 in retirement health credit by the company
Also, had 4,600 shares of AUPH in my Roth and 1,200 in my IRA. Both sets had cost basis of around $6/share, currently trading at $20/share
$36,363 employee match/profit share to 401k
$7,100 in HSA
$1,500 to the IRA
$3,000 in retirement health credit by the company
Also, had 4,600 shares of AUPH in my Roth and 1,200 in my IRA. Both sets had cost basis of around $6/share, currently trading at $20/share
This post was edited on 12/23/19 at 11:43 am
Posted on 12/23/19 at 11:50 am to 3morereps
$62k!! Heck of a job!!
Overall for me and my wife (excluding solely-employer funded pensions), we saved roughly $44,000. We really try to focus on maintaining our rate of retirement savings.
My 401k contribution - $19,000
Wife maxed her pre-tax contributions mid-year after being slightly under max. $15,500
Company match for me: $6,300
HSA: $3,500
Overall for me and my wife (excluding solely-employer funded pensions), we saved roughly $44,000. We really try to focus on maintaining our rate of retirement savings.
My 401k contribution - $19,000
Wife maxed her pre-tax contributions mid-year after being slightly under max. $15,500
Company match for me: $6,300
HSA: $3,500
Posted on 12/23/19 at 11:52 am to 3morereps
About 25% of my gross income.
Posted on 12/23/19 at 11:59 am to MSTiger33
Congrats on the AUPH. 
May she keep on running.
May she keep on running.
Posted on 12/23/19 at 12:06 pm to 3morereps
$62,101
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