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Old 12-12-2018, 07:43 PM
Status: "Loving life, wife and job!" (set 15 days ago)
 
Location: USA
1,001 posts, read 389,640 times
Reputation: 2725

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Quote:
Originally Posted by ChessieMom View Post
LOL. I wasn't advertising. I am in a longstanding relationship. But not married, and financially responsible for myself only.
No worries...just wanted to make you laugh! Im quite happily married and were doing great. Merry Christmas to you and yours!
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Old 12-12-2018, 08:21 PM
 
Location: Central IL
15,253 posts, read 8,552,827 times
Reputation: 35693
Ramped up to 20% now but always at least 10%...a modest pension that I don't contribute to.
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Old 12-12-2018, 08:26 PM
 
1,517 posts, read 968,580 times
Reputation: 2858
Mid-50s, spouse is late 40s ...

My combined contibution w/o SS is at 27% of gross income into Roth IRA, supplemental 403b and my contibution to a state pension plan (does not include my employer's match; no employer contribution to my 403b plan).

Spouse's combined contibution is 24% of a much larger gross income (double mine) into Roth IRA and 401k (not including employer match). Plus a pension of some sort, no longer contrbuted to by employee or employer as they moved to a bigger contribution to the 401k as they moved the company away from pension plans, but the accumulated pension accounts were left in place.

Been at these levels for six years. Prior to that, no lower than 15% each into retirement not including employer matching or SS deductions for 20+ years for me, 15+ for spouse.
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Old 12-12-2018, 09:11 PM
Q44
 
Location: Hudson Valley, NY
895 posts, read 767,071 times
Reputation: 1761
I'm 59, one of the Verizon people that just took the voluntary separation offer, or as everyone my age is calling it, the early retirement package. I'll be officially retired in 2 weeks.

I contributed between 10-16% of my salary to my 401k for over 29 years. Most of the time it was 12%. The company match the first 17 years was 5-6%. I also had a non-contributory pension until '06. The company discontinued pension contributions to the managers at that time but increased the 401k match to a variable 6-9%. I still get the $$ from the pension since I was grandfathered in at the time.

My wife will have a small pension but more importantly in our case will have an excellent medical plan for us in retirement.
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Old 12-12-2018, 09:58 PM
 
26,023 posts, read 33,032,767 times
Reputation: 32259
Quote:
Originally Posted by k7baixo View Post
No worries...just wanted to make you laugh! Im quite happily married and were doing great. Merry Christmas to you and yours!
Thanks! And right back at ya!
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Old 12-12-2018, 11:15 PM
 
Location: California
41 posts, read 15,444 times
Reputation: 44
Thanks everyone! I am mid 30’s and have lowered my contribution temporarily because Im doing part time with a young family. I guess I need to ramp it back up when possible. Spouse is doing 10% now, and I’m doing 5%. Many of my peers have less than what we’ve set aside. Perhaps we have time to catch up in a few years too. But a bit scary for many when its our time to retire.
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Old 12-13-2018, 12:16 AM
 
5,621 posts, read 8,559,617 times
Reputation: 7710
I save half my military pension.
Live (wastefully) on 42%.
I figure with inflation I won't need more than 100% by the time I die.
Have IRA'S and Roth's I doubt I'll ever touch.
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Old 12-13-2018, 12:38 AM
 
Location: NYC
2,920 posts, read 1,593,647 times
Reputation: 7964
I had to start over from absolute zero at 43yo. I maxed out 401k + IRA every year & lived more frugally than I believe most people I know would choose to, I wasn't miserly though. I took vacations to Europe & Asia each year but used frequent flier points accrued through credit cards for flights & stayed at mostly 2 star hotels & ate at local joints, not in tourist areas. As the years went on especially into my 50's I increased how much I saved by several thousand each year.

At a certain point one realizes that you don't need that many things beyond basics to get through life.

Luckily I didn't pull $$ out of the funds 2007-2009 but increased my fund purchases to buy low. By my late 50's- early 60's I was putting 25-30% of my gross each year into stock mutual funds & this all paid off nicely during the Obama market surge. I was able to retire after 20 years of that, had a bit of discipline & a bit of luck. I've put my assets in a more conservative allocation starting earlier this year.
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Old 12-13-2018, 01:07 AM
 
Location: Washington state
5,440 posts, read 2,769,794 times
Reputation: 16373
What percentage of my income did I set aside for retirement? Hmmm...let me check with my landlords and get back to you on that. They got at least 50% of my income over the years and I certainly hope they invested it wisely.
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Old 12-13-2018, 02:45 AM
 
2,446 posts, read 2,076,017 times
Reputation: 5706
Quote:
Originally Posted by rodentraiser View Post
What percentage of my income did I set aside for retirement? Hmmm...let me check with my landlords and get back to you on that. They got at least 50% of my income over the years and I certainly hope they invested it wisely.
Did you change your username? You remind of someone that I haven't seen post in a while.
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