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Message
re: Retirement Account Goals?
Posted on 8/17/26 at 10:58 am to xBirdx
Posted on 8/17/26 at 10:58 am to xBirdx
As someone who didn't expect to live past 30, and am now in my early 40s, I feel very behind 
. Been making up ground since my mid 30s but took time to fix old habits and attitudes from that time in my life.
This board has been very helpful reading even if I don't contribute much post wise.
. Been making up ground since my mid 30s but took time to fix old habits and attitudes from that time in my life. This board has been very helpful reading even if I don't contribute much post wise.
Posted on 8/17/26 at 11:18 am to DarthRebel
Emphasizing a point made several times, I do think it is important for those that read this thread to understand the money board is not a representative sample of society in any means - and do not get caught up comparing where you are to others.
I know in my 20's and 30's I was no where near where some of the current posters are posting but managed to really gear up in my 40's and now in my early 50's we are in good shape.
The goal is a tough one as the expense side is so critical. I am still putting kids through OOS school and will for years (although 529 covers lions share until one said she wants to be an MD lol), paying Long term care for a parent etc. Probably keep plugging until that is done.
I am fortunate enough that when I call it quits I can probably consult part time as much or little as needed so it will be a staircase retirment.
NBIS and HGRAF has accelerated the timeline :) IREN not so much lol and uranium will shortly (I can dream right?)
I know in my 20's and 30's I was no where near where some of the current posters are posting but managed to really gear up in my 40's and now in my early 50's we are in good shape.
The goal is a tough one as the expense side is so critical. I am still putting kids through OOS school and will for years (although 529 covers lions share until one said she wants to be an MD lol), paying Long term care for a parent etc. Probably keep plugging until that is done.
I am fortunate enough that when I call it quits I can probably consult part time as much or little as needed so it will be a staircase retirment.
NBIS and HGRAF has accelerated the timeline :) IREN not so much lol and uranium will shortly (I can dream right?)
Posted on 8/17/26 at 11:39 am to AUin02
quote:
Been making up ground since my mid 30s
50s catch ups (higher investment threshold caps) will only further your “gap” closure.
Keep going!
Posted on 8/17/26 at 11:53 am to Lsut81
Ideally I'd like to be at $5M. Currently 50 years old and passed $3M earlier this year between 401k, IRA and brokerage accounts. It's wild to say that, because my wife and I were dead broke in 2014.
I have a very late December birthday, my current plan is to pull the cord a few days after I turn 54 when the rule of 55 can take effect. $700k is in the brokerage account so I should have enough for the gap years. Hopefully I'll continue to add to that for a couple years.
Being in the catch up contribution window and adding my bonus, share payout and rev share into investments, barring a market pullback think I can get to my number. My wife is 9 years younger and will continue to work for at least another 8-10 years after I call it a day, so that helps as well.
I have a very late December birthday, my current plan is to pull the cord a few days after I turn 54 when the rule of 55 can take effect. $700k is in the brokerage account so I should have enough for the gap years. Hopefully I'll continue to add to that for a couple years.
Being in the catch up contribution window and adding my bonus, share payout and rev share into investments, barring a market pullback think I can get to my number. My wife is 9 years younger and will continue to work for at least another 8-10 years after I call it a day, so that helps as well.
This post was edited on 8/17/26 at 11:57 am
Posted on 8/17/26 at 12:00 pm to TheOcean
quote:
I own businesses...it's really the only way to grow wealth quickly (or working at some startup with ridiculous RSUs). You do well in the market, right? Stick with that. I really only invest in properties because I find really good deals, and we do most of the work ourselves. Plus, my brother manages the properties, so it gives him a job. Lot of people lose their arse in real estate. And it's a pain in the arse
This is what helped me along the way. Wife and I both getting RSU’s when we were younger. We also got in on the first round of PE with her current company. We invested six figures and she was granted a chunk when she started. We are about halfway through the chapter and the company has gone from $27 mil on revenue to around $120 mil.
We will see how it turns out in 28 or 29 to see if it was a mistake or not.
Posted on 8/17/26 at 12:34 pm to TheOcean
quote:
Through work?
through my business.
quote:
How so cheap?
it ain't cheap to me. We need to hear how rize got dirt cheap policies. that is the million dollar question we need answers to.
This post was edited on 8/17/26 at 12:51 pm
Posted on 8/17/26 at 12:36 pm to Rize
quote:
Rize
wait.........so you have all this money and make all this money and are not even 50 yet.
so.............HITF is your insurance only 127 a month?
Posted on 8/17/26 at 12:44 pm to Lsut81
Hope to be done by 60.
$4mm in investment accounts, hunting land paid off, house paid off, and a vacation property paid off.
I have 20 years to go but between my wife and I, we should have it knocked out. I just have to hope AI doesn’t eliminate the need for my business in the mean time.
$4mm in investment accounts, hunting land paid off, house paid off, and a vacation property paid off.
I have 20 years to go but between my wife and I, we should have it knocked out. I just have to hope AI doesn’t eliminate the need for my business in the mean time.
Posted on 8/17/26 at 12:49 pm to John Casey
quote:
Nothing makes me feel more unprepared than Money Talk retirement threads.
it can be a gut punch. anger is a great motivator. my old real estate buddies taught me you have to get mad. get mad and take action. channel it and take action. this board is an anomaly but you always want to be around your peers. new groups can push you to new heights If not you will be stuck in a barrel of crabs and lobsters and they will try to claw you and pull you down to their level when they see they do not have the courage or drive to succeed you have.
Posted on 8/17/26 at 12:57 pm to Fat Bastard
quote:
through my business.
Mind hooking me up with your insurance broker?
Posted on 8/17/26 at 1:11 pm to Fat Bastard
Pure luck.
Wife and I have been making six figures as a couple since we started living together in 2005. Bought our first house in 2006 and it has just gone up over the years. When I was living in green trails in 2014 my mortage was probaly 1800 a month and I had no other bills. No kids and 30k a month income made it easy to stack money. I had a 5 year stretch when I saved a ton of money which allowed me to have some extra money to invest when she took the new job 3 years ago. Shitty part was I had it all in my checking and savings.
They asked if we wanted to invest and we did.
The cheap insurance is just through the company I work for. My wife’s insurance might be $30 more per month for her.
When you work for these big companies that’s one of the perks. My tolls, cell phone, Car package, allowance, company car insurance are all perks.
Wife and I have been making six figures as a couple since we started living together in 2005. Bought our first house in 2006 and it has just gone up over the years. When I was living in green trails in 2014 my mortage was probaly 1800 a month and I had no other bills. No kids and 30k a month income made it easy to stack money. I had a 5 year stretch when I saved a ton of money which allowed me to have some extra money to invest when she took the new job 3 years ago. Shitty part was I had it all in my checking and savings.
They asked if we wanted to invest and we did.
The cheap insurance is just through the company I work for. My wife’s insurance might be $30 more per month for her.
When you work for these big companies that’s one of the perks. My tolls, cell phone, Car package, allowance, company car insurance are all perks.
This post was edited on 8/17/26 at 1:27 pm
Posted on 8/17/26 at 1:36 pm to Rize
you must be paying for nobody other than yourself. most all these plans i have reviewed are not bad for a single person.
however,
the couple and family plans are plain theft.
however,
the couple and family plans are plain theft.
Posted on 8/17/26 at 1:40 pm to Fat Bastard
quote:
you must be paying for nobody other than yourself. most all these plans i have reviewed are not bad for a single person. however, the couple and family plans are plain theft.
It’s just the wife an me. It’s cheaper for her to have her own insurance vs adding her to my plan.
From the poster above that’s paying 2100 a month:
Let’s say we have the same salary but he’s in the office with no car package or other reimbursements that’s easily a 3k a month difference if we both made the same money.
If you own your own business you get the benign of write offs. It’s the W2 employees that have shitty benefits(sky high insurance), no 401k match, shite car packages if they even have one, that it hurts the most.
This post was edited on 8/17/26 at 1:50 pm
Posted on 8/17/26 at 3:39 pm to RolltidePA
quote:
Ideally I'd like to be at $5M. Currently 50 years old and passed $3M earlier this year
Once hit $3 million, it was 3X the speed to the next million as compared to speed to 1st million and the following were faster and faster from there. The exponential part is fun!
Good luck!
This post was edited on 8/17/26 at 3:40 pm
Posted on 8/17/26 at 4:32 pm to xBirdx
quote:
wtf do you people
Do to sock away $60k:yr???
I get the IRS limit from my employer put in our profit sharing plan every year. It's an incredible benefit. I put more in brokerage accounts as well
Posted on 8/17/26 at 4:36 pm to Everyday Is Saturday
quote:
Once hit $3 million, it was 3X the speed to the next million as compared to speed to 1st million and the following were faster and faster from there. The exponential part is fun!
The exponential part is really fascinating. We slowed down contributions recently for a variety of factors and have some increasing monthly costs we are preparing for....yet NW this month increased more than I've earned this month.
Now, when the market is bad, you better have some fortitude because losing hundreds of thousands or millions takes some confidence to ride the wave.
Posted on 8/17/26 at 4:58 pm to Fat Bastard
quote:
however,
the couple and family plans are plain theft.
Must be a lot of variance state to state on pricing etc. My wife and I are in NM and we go through the state ACA called BeWell. We have excellent coverage and pay just under $17/month total for both of us. I should say the current governor has utilized state surplus O&G income to subsidize the program depending on income status. We have found the quality of care is very good in this state compared to Georgia where we lived. I'll be on medicare by mid-2028 so not much concern to me.
I have 3 sisters, they have never been good at building wealth whereas my wife and I (61 & 63) reached over $6M in investments 3 years ago. Not having kids made things easier and neither of us regret our decision on that and I'm glad I early retired 2 weeks before hitting 48 back then. We're down 3 parents, my dad is 91 and still kicking, my mother died at 56 in 2008 to early onset ALZ. Just saying have some fun on the way to building all that wealth.
Posted on 8/17/26 at 5:12 pm to lynxcat
quote:
The exponential part is really fascinating. We slowed down contributions recently for a variety of factors and have some increasing monthly costs we are preparing for....yet NW this month increased more than I've earned this month.
Hear dat!
Retired early 2026. No income / pension this year since.
We spent (planned) in 1H26 the equivalent of our annual retirement expenses above / beyond our annual retirement expenses (eg, home renovation, new vehicle, education related, taxes, etc).
Our NW has increased w/pretty conservative portfolio (newly retired / SoR risk, etc).
I wish every US citizen of working age could / would invest early, automatically and regularly across their working lives. How much better their financial lives would be!
This post was edited on 8/17/26 at 5:20 pm
Posted on 8/17/26 at 5:18 pm to Fat Bastard
quote:
Fat Bastard
Hook it up with your business insurance broker bro
Posted on 8/17/26 at 5:18 pm to tirebiter
Ages 55–64
Average: $272,600–$305,006 (some show ~$284,300)
Median: ~$84,700–$107,269 (some show ~$89,400)
Average is sad enough but the median is just awful. Keep in mind about 1/3 don't have a retirement account.
Average: $272,600–$305,006 (some show ~$284,300)
Median: ~$84,700–$107,269 (some show ~$89,400)
Average is sad enough but the median is just awful. Keep in mind about 1/3 don't have a retirement account.
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