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Posted on 11/29/24 at 9:38 pm to jlovel7
Including 401k, match, Roth, and taxable- I am saving 57% of my gross. I’ll be moving soon though so it’ll decrease. Hope to keep it at 40%. I am not a baller but I live simple and don’t have kids.
This post was edited on 11/29/24 at 9:39 pm
Posted on 11/29/24 at 10:06 pm to danilo
Ours is about to go way down. We are entering a stage of coast FIRE over this next decade. I’ll still max 401K and HSA for tax efficiency but that’s it.
Posted on 11/29/24 at 11:56 pm to jlovel7
about 40% but I don't have any bills or kids.
Just me and wife. house and autos paid for.
Just me and wife. house and autos paid for.
Posted on 11/30/24 at 1:52 am to Fat Bastard
Yeah, for the last 15 years I've been at 50% making up for the years I didn't save up as much. Annoyed at myself for the previous 15+ years but I switched careers a couple times and have small 401ks through them at least. Plus, I did buy a property during that time that rents out no problem and now have another with built-in rentals that covers the mortgage.
Of course, not having kids and having a great career the last 15 has me ahead of the game as I'll be retiring next month at 49
Of course, not having kids and having a great career the last 15 has me ahead of the game as I'll be retiring next month at 49
Posted on 11/30/24 at 9:44 am to jlovel7
That’s cool but that’s basically the cost of kids. You’re going to save 20% less with children probably. Daycare/school, food, activities, larger house and cars etc add up
Posted on 11/30/24 at 9:49 am to Upperdecker
This thread is ridiculously full of people without children. Crazy. Good for yall, early retirement and high savings rates should be a given for you
Posted on 11/30/24 at 9:52 am to Allthatfades
Probably an ex pat with everything paid for by the company and nothing to do there
Also seems he doesn’t understand gross salary, since that’s pre tax, so he’s not counting his % to taxes
Also seems he doesn’t understand gross salary, since that’s pre tax, so he’s not counting his % to taxes
This post was edited on 11/30/24 at 9:54 am
Posted on 11/30/24 at 9:57 am to jlovel7
Probably around 10-15%. Max out my 401k match and drop about 10% of net into my eTrade account.
Posted on 11/30/24 at 10:13 am to I Love Bama
quote:
I have a unique situation at the moment. No wife. No kids. I live in a country where the cost of living is crazy cheap.
This year I have saved/invested 95% of my income. Most years its between 80%-90%.
What country is that? I need to go open a Hooters there
Posted on 11/30/24 at 7:54 pm to jlovel7
Around 20-25% of our gross base income.
We both nearly double our base salaries in quarterly production bonuses. We use that money to pay down the mortgage. Once that is paid off in a few years then we'll put that in the brokerage so then it will be like 60-70%.
I like having a lower base because it forces us to live more conservatively
We both nearly double our base salaries in quarterly production bonuses. We use that money to pay down the mortgage. Once that is paid off in a few years then we'll put that in the brokerage so then it will be like 60-70%.
I like having a lower base because it forces us to live more conservatively
Posted on 11/30/24 at 10:08 pm to jmarto1
Posted on 11/30/24 at 11:45 pm to I Love Bama
I've talked with those guys at our conference. I'd get in trouble with a Colombia store
Posted on 12/1/24 at 4:37 am to jlovel7
23%.
Posted on 12/1/24 at 7:58 am to jlovel7
15% and I have four kids and two of which are in college. The struggle is real.
Posted on 12/1/24 at 8:42 am to jlovel7
We were 35% retirement and 15-20% savings account until we had kids. Now we're probably closer to 15% retirement and putting $1,000-$2,000 a month in savings.
$50,000/ year in tuition really took a chunk out of that but being aggressive and steady early on really benefitted us. We're just shy of $950,000 in retirement accounts at 40yo. She's also on target to receive a pension in the neighborhood of $75,000-$80,000/year.
$50,000/ year in tuition really took a chunk out of that but being aggressive and steady early on really benefitted us. We're just shy of $950,000 in retirement accounts at 40yo. She's also on target to receive a pension in the neighborhood of $75,000-$80,000/year.
Posted on 12/1/24 at 9:26 am to jlovel7
For the first third of my career, I was saving 10-15% of gross pay. After getting a couple big promotions/raises, I've been saving 25+% gross since. This year I'm 34% not counting 401k match.
My portfolio is big enough now, I could stop all new contributions and growth alone would let me retire by 60. Hoping for another market double in the next 5-7 years will let me retire by mid 50s with no new $.
I'll keep saving though as I assume the worst case scenario. But I'm also planning to lower my savings % and spend more going forward as I'm in a pretty good position.
My portfolio is big enough now, I could stop all new contributions and growth alone would let me retire by 60. Hoping for another market double in the next 5-7 years will let me retire by mid 50s with no new $.
I'll keep saving though as I assume the worst case scenario. But I'm also planning to lower my savings % and spend more going forward as I'm in a pretty good position.
Posted on 12/1/24 at 6:15 pm to Paul Allen
quote:
know people who have saved 15-20% and have done extremely well. For those saving 35-50% are you retiring at 45?
Wife and I save right at 21%. We are both out the door at 55. The only reason we don’t retire sooner is the cost of health insurance. We could probably make it happen at 50, but the women in my wife’s family tend to live to 100 so that extra 5 years means something. It’s also important for her pension.
Posted on 12/2/24 at 10:15 am to Upperdecker
quote:
This thread is ridiculously full of people without children.
who? i think most all of us here have kids other than the bama guy and 2 others.
This post was edited on 12/2/24 at 10:22 am
Posted on 12/2/24 at 10:36 am to Fat Bastard
Yeah, I have kids. They're just grown and out on their own now.
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