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re: How old are you, and how much is in your 401K?
Posted on 2/10/20 at 7:00 pm to FloridaRougaroux
Posted on 2/10/20 at 7:00 pm to FloridaRougaroux
quote:
we are simple people and eat ham sandwiches after winning national championships
Posted on 2/10/20 at 7:06 pm to BabyTac
83
37K in one 401K and 72K in another. I am just hoping to work till I reach 125K in the one with 37K, or have a badass funeral.
Good luck to everyone else. Life’s been a blast.
37K in one 401K and 72K in another. I am just hoping to work till I reach 125K in the one with 37K, or have a badass funeral.
Good luck to everyone else. Life’s been a blast.
Posted on 2/10/20 at 7:12 pm to slackster
quote:Understood and fully admitted but for average Janes and/or Joes, getting free & clear on their primary residence better allows for a major life hiccup to not totally derail them.
Why do that when you're paying sub 4% on most mortgages?
Posted on 2/10/20 at 7:25 pm to BabyTac
coming up on 30 and not nearly enough, easily going to be working into my 60s.
Posted on 2/10/20 at 7:28 pm to BabyTac
We talking just 401k here? I mean my stock options and exec deferred compensation plan are solid
Posted on 2/10/20 at 7:30 pm to BabyTac
quote:
How close are y’all to calling it quits?
Already quit. Worth millions. Stock market worked for me. For you young ones, just keep investing and choose the right political leaders.
Oh, early 60s.
Posted on 2/10/20 at 7:32 pm to aTmTexas Dillo
quote:
For you young ones, just keep investing and choose the right political leaders.
Stock market under Dem presidents has outpaced Reps by nearly 4% annually. Funny how that works.
Posted on 2/10/20 at 7:33 pm to soccerfüt
quote:
Understood and fully admitted but for average Janes and/or Joes, getting free & clear on their primary residence better allows for a major life hiccup to not totally derail them.
Touche.
Posted on 2/10/20 at 7:35 pm to slackster
quote:
Stock market under Dem presidents has outpaced Reps by nearly 4% annually. Funny how that works.
I sure like it. Thanks democrats!
Posted on 2/10/20 at 7:37 pm to aTmTexas Dillo
quote:
sure like it. Thanks democrats!
Posted on 2/10/20 at 8:03 pm to Mud_Till_May
33 and I haven't checked mine and I assume it is in the 50-70 401k range. I plan on opening up an Roth IRA this year.
I will find other ways to make other investments or do side jobs. What will help me financially in the future is I will inherit my parents house. The house was built over 12 months at 1800 square feet this year. It is an ICF house(insulated concrete foam)and if it was listed, it would be worth over $300,000.
I will find other ways to make other investments or do side jobs. What will help me financially in the future is I will inherit my parents house. The house was built over 12 months at 1800 square feet this year. It is an ICF house(insulated concrete foam)and if it was listed, it would be worth over $300,000.
Posted on 2/10/20 at 8:14 pm to BabyTac
I’m 59...don’t have a 401K, unfortunately. I do have an IRA and savings account. A little over $850,000 in that. Would have more but cleaned out by a whore of a wife at 36yo. I’m mainly still working for the Health Insurance...probably retire in 3 years.
Posted on 2/10/20 at 9:11 pm to Adam4848
I’m married with a family and doing the full amount. Coupled with your employer’s contributions, you can do $57,000 total this year. I’ve done the max total amount for the last three years. It’s possible, but you have to budget and forego a lot of luxuries. We also roll the after-tax portion contributions into a jumbo back door ROTH IRA at the end of the year.
Posted on 2/10/20 at 9:24 pm to BabyTac
Nothing in 401k. Not a penny put into a 401k in my lifetime.
Posted on 2/10/20 at 10:15 pm to TorchtheFlyingTiger
Very good dude. I have a pension as well and not nearly that much in 401k. But I have been maxing the past few years.
Posted on 2/10/20 at 10:22 pm to 99BLKBRD
quote:
Would have more but cleaned out by a whore of a wife at 36yo.
There’s a lesson to be learned here for you young people.
Posted on 2/10/20 at 10:24 pm to Will Cover
quote:
Just 401(k)?
You guys aren't doing a Roth IRA?
There are limits to putting money into a Roth and income phase outs also. So, if you are married and make over $206k or single at $139k, you can't use it.
Posted on 2/11/20 at 5:54 am to zippyputt
Backdoor Roth. ANYONE can use a Roth. You just have to use different avenues.
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