Started By
Message

re: How much did you save for retirement in 2019?

Posted on 12/23/19 at 10:34 pm to
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 12/23/19 at 10:34 pm to
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 by windshieldman
Member since Nov 2012
12818 posts
Posted on 12/23/19 at 11:11 pm to
$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 by TigerGrad2011
Member since Aug 2016
1578 posts
Posted on 12/23/19 at 11:13 pm to
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 by TheWiz
Third World, LA
Member since Aug 2007
11685 posts
Posted on 12/24/19 at 5:20 am to
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 $30,000 back every year will be a significant boost to my after-tax investing opportunities.
Posted by CenlaLowell
Alexandria, la
Member since Apr 2016
1016 posts
Posted on 12/24/19 at 7:03 am to
401k 8400$
Match 2500$
Savings 20k

Ok year.
Posted by Twenty 49
Shreveport
Member since Jun 2014
18809 posts
Posted on 12/24/19 at 7:24 am to
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 by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 12/24/19 at 8:35 am to
56k solo 401k
70k brokerage
Posted by greenbean
USAF Retired
Member since Feb 2019
4658 posts
Posted on 12/24/19 at 8:43 am to
Counting gains over $100k.

I put in $19,000 (plus 5% match) and $6,000 catch up.
Posted by I Love Bama
Alabama
Member since Nov 2007
37732 posts
Posted on 12/24/19 at 9:18 am to
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.
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 12/24/19 at 9:19 am to
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 by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 12/24/19 at 9:25 am to
401k: $19k
401k match: $5k
Mega Roth: $27.5k
Backdoor Roth IRA: $6k
Brokerage: $45k
Posted by TheWiz
Third World, LA
Member since Aug 2007
11685 posts
Posted on 12/24/19 at 9:33 am to
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 by jclem11
Neoliberal Shill
Member since Nov 2011
7844 posts
Posted on 12/24/19 at 10:14 am to
$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.
Posted by MusclesofBrussels
Member since Dec 2015
4544 posts
Posted on 12/24/19 at 6:52 pm to
quote:

How much did you save for retirement in 2019?


More than everyone else
Posted by indytiger
baton rouge/indy
Member since Oct 2004
9848 posts
Posted on 12/25/19 at 12:46 pm to
25% of gross income.

That includes 401k, HSA, Roth IRA, and a savings account.

Props to everyone on here for their discipline!
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 12/25/19 at 9:02 pm to
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 by PetroBabich
Donetsk Oblast
Member since Apr 2017
4636 posts
Posted on 12/26/19 at 9:09 am to
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 by RoyalWe
Prairieville, LA
Member since Mar 2018
3135 posts
Posted on 12/26/19 at 9:23 am to
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 by UpstairsComputer
Prairieville
Member since Jan 2017
1583 posts
Posted on 12/26/19 at 9:56 am to
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 by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 12/26/19 at 10:30 am to
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
first pageprev pagePage 3 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram