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31 and only have about 25k combined in retirement accounts. Playing catch up for poor financial decisions in my 20s. I'm on track to have about 125k by the time I'm 35 though, so if I can stay on track with my current contributions I feel optimistic.
Im 27 and have only $1700. Terrible, i really need to start contributing to it. Were self emoloyed currently but havent been putting anything in. I plan to get a full time job soon, which will help towards it and get me enough credits for SS.
I wish I didn't have a moment of weakness a few years ago. Without giving into the temptation to buy a nice new German car, I would probably be over the quarter million dollar mark by now. But at least that's the only debt I have.
To follow up, just turned 32 today, on Sunday my total retirement accounts were around $205K.
So I guess the history is roughly this:
28: $60K
30: $110K
32: $205K
I turned 33 last month, a lot of my retirement saving is in stocks that haven't gone up as much as in the past, currently I combined between IRA and 401k I have: $247K.
Im 27 and have only $1700. Terrible, i really need to start contributing to it. Were self emoloyed currently but havent been putting anything in. I plan to get a full time job soon, which will help towards it and get me enough credits for SS.
You still have plenty of time to catch up once you get a full time job and start working towards advancing and getting higher salaries.
When I was 31 I stupidly cashed out my 401K from my previous job, and it was only around 16 grand. Half gone to taxes and all.
Started from scratch on my next job and started off slow, and took a while but when I was around 38, finally started to see some real growth in my account. By this time I was also starting to max out the amount I could contribute every year.
a little over 500k in retirement accounts (401ks, roth iras, and after-tax accounts we have designated for retirement savings).
Plus some house equity, emergency funds, and the amount we keep in the bank for revolving payments.
We are DINKS with no debt other than our mortgage which is why we have been able to save so much. We may end up moving somewhere higher cost of living just because we both enjoy bigger cities more and would like to enjoy that before we get older and I know that will cut into how much we can save. But so far we tried to take advantage of high pay, low cost of living early in our lives to let all that saved money have more time to grow.
late 30's, no debt, $800k in retirement savings (pre/after-tax accounts) etc..
Trying to save a little more so I can work a little less later on in life.
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