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How much do you currently have in savings?

I'm talking retirement, plus any other, more liquid savings accounts you might have. State your age, please.

by Anonymousreply 21602/03/2013

I'm screwed. I was unemployed for so long, I had to spend almost all my retirement savings. Now I have a tiny little job I can barely make ends meet each month and I owe the IRS which I pay on every month and will be paying for the foreseeable future. %0D %0D Is this as good as it gets?

by Anonymousreply 103/25/2011

no idea what my 401K is doing, last I checked it was about $240,000. Currently have $18,000 in savings and $5,000 in checking. %0D %0D I'm 42.%0D %0D Fifteen years ago, I was about $8,000 in debt and had no retirement plan at all. I drastically changed my lifestyle to cut my expenses. I did not change careers, but have changed jobs five times in those 15 years, making more money with each position. %0D %0D I am very satisfied with where I am now. I may not have a luxury car or the latest this or that but I am comfortable and live within my means.

by Anonymousreply 603/25/2011

36 yo $100K in savings $250K in 401k

by Anonymousreply 703/25/2011

I'm 30 and most of my savings went to pay for medical bills. $35k !!! %0D %0D My net worth it's probably $120.00 on my savings account :o %0D

by Anonymousreply 803/25/2011

I've got some loose change in a jar.

by Anonymousreply 1103/25/2011

I'm 65 and single. No debt. $530K in savings + investments (mutual funds). House worth $220K.

by Anonymousreply 1303/25/2011

This is just another one of those stupid threads where a lot of trolls brag about their nonexistent wealth. Why the fuck should anyone care about how much money somebody has saved and what age they are, anyway?

by Anonymousreply 1403/25/2011

32: $70,000 in savings and $35,000 in my 401(k).

by Anonymousreply 1503/25/2011

r9 is doing fine for a 39 year old.

by Anonymousreply 1603/25/2011

Is it that time of the month again? My how time flies.

by Anonymousreply 1803/25/2011

Very easy OP, I am 36 and the answer is zero, nada, zippo,

by Anonymousreply 2003/25/2011

How are you able to invest in those 401Ks without compromising your morals? Don't have to invest in funds that are hurting the environment, the banksters, etc.

by Anonymousreply 2103/25/2011

I'm 62 with 800K in savings and a pension of 65K a year. I will get 30K more in an annuity. My partner has a similiar income.%0D %0D That's because we both became teachers thirty years ago while everyone else decided to go with the private sector and make more money.%0D I never made a big salary but the pension benefits are (were) great.

by Anonymousreply 2203/25/2011

39 y/o, $2000 in savings, $300 in checking, own my condo with no mortgage (worth about $250k) and I am struggling due to health problems.

by Anonymousreply 2303/25/2011

About $32 M in precious metals and commodities (Platinum, Gold and Silver, Oil, Water and Corn) 4.4 M West coast home, 1.2 M Condo in the East, 2 M townhouse in Europe. About 200 K in the bank. Age 42.

by Anonymousreply 2403/25/2011

R21, my company 401(k) offers a socially conscious fund.

by Anonymousreply 2503/25/2011

41. $70k in a 401k. $14k in cash and savings. No debt.

by Anonymousreply 2603/25/2011

R24, let me be your sex slave. I will leave my partner and I will service you geisha-style. ;-)


by Anonymousreply 2703/25/2011

200,000 in the bank%0D 2.5 million in stocks%0D no pension plan%0D no house%0D no debt%0D 59%0D I think I want to travel.

by Anonymousreply 2803/25/2011

40 years old. 30k in 401k. 50k in savings and mutual funds. 70k mortgage on a condo worth about 180k now. No other debt.%0D %0D I feel ok about it. I am also a smoker so I imagine I won't be eating cat food at 90 years old and I am ok with that.

by Anonymousreply 2903/25/2011

48 yo here.

390K in retirement (403b). $39K in savings, and 15K in checking. No debt outside of a mortgage (100K remaining).

by Anonymousreply 3003/25/2011

Really, I cannot believe that I am the poorest one here. Now I feel bad. I actually made over 100k a year for all of the 2000's, but I have a spending problem. I really like nice things, and live beyond my means.

by Anonymousreply 3103/25/2011


by Anonymousreply 3203/25/2011

Does a trust fund count?

by Anonymousreply 3303/25/2011

R27, back off. You already have a partner...give us single guys a crack at R24 (who's probably married to some gorgeous guy with comparable assets).

I hate these threads because I've been putting away money since the day I started working after college (22) and I still feel like I'm way behind the curve.

I'm 30 years old and I have $10,000K in my savings and $65K in my retirement account (I work for the opposed to a 401k we have what's called a Thrift Savings Plan...essentially the same thing). Luckily, unless federal employee benefits are pared down even further, I'm looking at a military retirement, a meager pension from the government (hope I'm an SES by the time I retire), and social security to supplement my retirement plan. I make a good salary...not sure why it seems so difficult to get ahead.

by Anonymousreply 3403/25/2011

Full set of Franklin Mint commemorative plates

Troves of silver-plate flatware - as well as multiple tea services

Gold-fill Pocket watches up the ass - figuratively and sometimes literally

Full arsenal of ill-kept rusted guns or rifles? Some are long and some are short.

Really big Remington prints on top of that unplugged fridge I keep in the basement

Degree that's paid off

by Anonymousreply 3503/25/2011

i currently have $445,000 in my retirement saving accounts combined (CD,401k,savings,roth ira,stocks etc)

3 yrs ago it was $625,000

so i have lost some- cant cry over spilled milk

thats life

i was being very aggressive so that was the trade off.

i am a guy and just turned 37 yrs old.

my advice is - live below your means but within your needs- I DO!

working hard while young so i wont have to when im a senior citizen (best advice my parents ever gave me)

by Anonymousreply 3603/25/2011

R36, did you sell a house or receive an inheritance? Have you been making six figures for the past several years? I thought I'd hit $100K in savings by 30, and it hasn't happened.

by Anonymousreply 3703/25/2011

45 here. I've got about 50K in the 401K and 18K is savings. But it's OK, I'm planning on killing myself by age 50.

by Anonymousreply 3803/25/2011

29 years old.

$0 in savings and $-5.98 in checking.

by Anonymousreply 3903/25/2011

hey R34

first off i dont work for the government

all private sector.

i made quite a bit of money as a teen acting.

luckily my parents kept me in check- only fancy thing i ever bought was a BMV which i still have.

people are more important than things.

I dont have an iphone or fancy mobile service.

i have tmobile prepaid.

once a month i do go out to dinner with friends.

i now mostly meet for coffee and we all go dutch.

i have in the past gone to clubs and bars a few times. But i rather save money and have the party at my place or at a friends and have more fun and same amount of liquor.

I also don't own a home- i am a renter.

I am cool with that because i like flexibility.

Plus in the end we don't take anything with us.

Born with nothing ..Die with nothing.

I never pay retail in anything i buy- clothes, food, furniture and even vacations.

Keep it simple.

Time is money.

even breathing costs money just ask someone with asthma..seriously.

I value my free time very much.

Very true what they say- Its not how much moeny you make but what you do with it.

Last year i made $65,000 after taxes and i saved $25,000 and lived off the $40,000.

Yes before the recession i was making from $125,000 to $150,000 a year.

I still laugh at friends and even a few family members that splurge and then bitch about how they are not making enough money to live.

I dont have any pets or kids either.

I dated a guy that had his own home paid for and had no kids

but he did have 3 dogs and 3 cars.

That was a deal breaker for me

i told him and we broke up after 1 year together.

focus on your needs not wants.

life is simple people complicate it.

sorry about all the babbling but thats the truth.

i hate stress and drama.

by Anonymousreply 4003/25/2011

R36, that was all great advice. Thank you for posting.

I definitely haven't made the sacrifices you have...sometimes I think that just because I can pay all my bills and do what I want (for the most part), I'm doing great financially. Time to get back to the basics!

by Anonymousreply 4103/25/2011

Wow, R20, you must be my long lost twin. I was just about to write almost exactly the same thing. 36, and not a dime in savings. Pretty pathetic but hey, I've come around to the realization that I'll just work until I drop dead. Who needs retirement, anyway?

by Anonymousreply 4203/25/2011

Unfortunately, you may find yourself unable to work until you die. You may become disabled or infirm and you will essentially be dependent on the kindness of others.

by Anonymousreply 4303/25/2011

Well then, I guess I'll just move a bit north and join you.

Or if I'm lucky, my kid will be solvent and take care of me in my old age.

by Anonymousreply 4403/25/2011

hey r45 dont worry about that- medical bills are unsecured credit- and just like credit cards are things you go into in "good faith" but sometimes things happen like in your case.

they cant take away what you dont have.

dont stress.

secured credit is like when you buy a home or car- you dont pay for it they take it away and can go after you for some of the money.

by Anonymousreply 4603/25/2011

r36 is an ass who thinks he is so important that he can take up space on DL by





by Anonymousreply 4703/25/2011

I have $400K in 401K, $100K pension, $20K fluid. My mortage is paid, and my co-op is worth $400K.%0D %0D I'm 56 and I know I am very lucky.

by Anonymousreply 4803/25/2011

I am 56, have 300,000 in savings, a house that will be paid off in eight years, and I am so lucky to have a pension that will start when I turn 60 and pay 70,000 a year. It will also give me free health care. I'm so sorry that so many have been having a bad time financially. It really is important to save when you're young, and to lock in some kind of retirement plan. I've been a freelancer my whole life and so part of every year is spent looking for work. At those times, which can last for several months, I live off my savings. Young people... find a plan and stick to it. And if you have debt, pay it off. Never spend money you don't have.

by Anonymousreply 4903/25/2011

It's true. r36 is probably one of those guys who hogs three or four seats in airport lounges with all of his stuff, forcing people to stand while they wait to board.

by Anonymousreply 5003/25/2011

38. 300k in cash, 450 or so in investments.

Have a decent job as a freelancer that pays in the low 6 figures but could go away at any time. I own a condo, eat out a couple times a week, lease a luxury car, and go on vacation once a year.

What I DON'T do is spend 200 bucks every weekend drinking at the bars and partying, go to high-end restaurants all the time, or buy other expensive toys.

Never carried any credit card debt, made a couple of smart investments in the market, and never had any kids.

by Anonymousreply 5103/25/2011

Nothing, not a thing.

by Anonymousreply 5203/25/2011

58 $1,499,000.00. That does not count my home which is now only worth about 150,000 but is paid off. %0D %0D I did it by living withn my means and maxing out my 401k's. Yes the value dropped but came back nicely. %0D %0D Not that it matters now that I found out I have stage 4 oral cancer.

by Anonymousreply 5303/25/2011

I have $30,000 in cash. I have $160,000 in a TIAA-CREF account, $150,000 in mutual funds, $40,000 in bonds, $20,000 in annuities. I am 54 and plan on retiring at 70.

by Anonymousreply 5403/25/2011

For those of you feeling bad, I had nothing but debt at 30.

by Anonymousreply 5503/25/2011

Less than $50.00.

by Anonymousreply 5603/25/2011

39 years old

$65k savings liquid

140k in a 401(k)

15k in stock grants vesting 5k over the next 3 years

No credit card debt

No auto debt

$280k mortgage

by Anonymousreply 5703/25/2011

I snorted my last paycheck.

by Anonymousreply 5803/25/2011

You know what? I need to vent a bit. I'm 38. I have never had a job that had a real pension benefit. My 401K has barely, well fuck it, really nothing in it. I'm college educated, and have never not worked in my life. I paid off my education expenses. I've been lucky to pay off a lot of my mortgage. I work in an artistic field, which admittedly I knew wouldn't make me rich. Really, though---I didn't think my career choices would leave me on food stamps in old age.

I should be solidly middle-class by now. I don't live beyond my means. I am VERY frugal with my money. I drive a 10 year old car. I haven't had a vacation in 2 years. I shop at Marshall's. I do live in an expensive area, but well that's a product of a lot of different forces. I make between 50-60K a year.

That isn't poverty level, but that's what it feels like. How do you guys even begin to save? Really, I want to know. I'm insanely betting on the fact that several family members will die before me, and I'll inherit a bunch of expensive real estate.

by Anonymousreply 5903/25/2011

What R1 said.

by Anonymousreply 6003/25/2011

38, 125K in 403B, 12K in savings and 5K in checking. I live well, well within my means. Every year, I usually get close to maxing out the retirement limit allowed by the IRS. Rent and do not own a car. No cable, second hand clothes (at a nice boutique place, not quite Goodwill), rarely a movie, etc. My splurges are my cats, a couple of CA trips each year and restaurants every now and then.

Still, I feel fucked. I still have about 60K in student loans, my mom is impoverished and will soon stop working and expects me to support her. My brother is a financial fuckup and sucks out whatever little my mom has in money. He's 37 and still lives at home and pays no rent. The two of them are a huge reason for my willpower when it comes to saving. But I feel like it'll come to nothing because I'll have to support/help them all my life.

I'm getting a raise next month--74K/yr, I'm happy of course but generally am bitter because I feel I should be doing much better at my age, education level and location (DC). I know, world's smallest violin.

by Anonymousreply 6103/25/2011

$125K in retirement, $15K elsewhere.

age 50

PS this is enough for me, seriously

by Anonymousreply 6203/25/2011

I hear you r61, but also jealous. You're doing better than I am.

by Anonymousreply 6303/25/2011

R59 it was your choice to live in Manhattan.

by Anonymousreply 6403/25/2011

I just turned 40. I have just under $60K in a Roth IRA and about $6K in liquid savings.%0D %0D I expect never to be able to retire.

by Anonymousreply 6503/25/2011

R61, what's the name of the boutique where you get your clothes (if you don't mind sharing)? I'm also in DC...

It's so hyper-competitive here so I can totally understand why you might feel inadequate (see R34 to witness my whining).

by Anonymousreply 6603/25/2011

[quote]I've been a freelancer my whole life %0D %0D [quote] I am so lucky to have a pension that will start when I turn 60 and pay 70,000 a year. It will also give me free health care. %0D %0D How the hell did you pull off that combo, r49?

by Anonymousreply 6703/25/2011

Just reading your post R61 tells me you have something better than $. You are kind, have a good head on your shoulder and have intelligence. $ can't buy any of those.%0D %0D You'll do just fine.

by Anonymousreply 6803/25/2011

r59,%0D %0D Something about what you say doesn't add up.%0D %0D I make about the same as you (a bit over $60K/yr), and I've lived in expensive cities for years (NYC and for the past 4.5 years, DC). I've been able to save upwards of 10% of my income, while living a reasonably decent lifestyle - a couple of vacations abroad every year, nice clothes, a lot of restaurant meals (too many, in fact - I'm trying to cut back).%0D %0D You say you live in an expensive area - how much do you pay in rent/mortgage? If you're paying somewhere in the $1000-1200/mo range, you shouldn't have a problem saving on that income level.%0D %0D I'm moving back to NYC next week. For $1250/mo I'm renting a very nice 1-br in a lovely, safe part of Upper Manhattan. With rent like that, I'm absolutely able to save.%0D %0D My first thought reading your post is that you're spending obscene amounts of money to live in a trendy area. But obviously I don't know you and could be wrong - would love it if you'd provide details.

by Anonymousreply 6903/25/2011

R64. Thanks for judging me without any knowledge. I don't actually live in Manhattan, or any of it's boroughs. I do live in the Northeast. It's where I was raised. It's where my family is.

by Anonymousreply 7003/25/2011

checkin the couch for change

by Anonymousreply 7103/25/2011

R68, wow, that's about the nicest thing said to me in a long time. Thanks. (still could be fucked tho...).

R66, I go to the Mustard Seed in Bethesda. It's not exactly boutique, you'll see lots of Gap, J Crew and even Old Navy. I just mean it's not like Goodwill where everything is taken in and you have to go through a lot of rubbish to find a pair of jeans and even then it smells moldy.

The men's section is very small, just to warn you.

by Anonymousreply 7203/25/2011

Thanks for the tip, R61/R72.

Um, if I can do a little to return the favor: I've found some pretty good entertainment deals (movies, concerts, sporting events) on Groupon and Living Social. Might be a way for you to have some fun on the cheap. Also, the various embassies and museums are always having free events.

by Anonymousreply 7303/25/2011

r61, Many people have student loans, so I wouldn't fret about that. I do wonder why you feel compelled to support your dead beat family?

by Anonymousreply 7503/25/2011

55 and no debt with 2.4M in savings/investments

by Anonymousreply 7603/25/2011

R69. Let's see. I am out in CT. That is one of the issues. My mortgage isn't horrendous, though. I have had to put a LOT of money into the house.

Taxes aren't that great either. As I said, I make between 50 and 60k a year. My property taxes are in the 6k range. More than a tenth of my gross.

Trust me. You can pick it a part. It's just sort of stupid though. I should be more comfortable than my earnings and lifestyle suggest.

by Anonymousreply 7703/25/2011

31: I have 65,000 in savings (most of which is earmarked for a down payment for a condo), plus 33k in my company 401k, and I own with my siblings a summer house - my share is probably worth 80k or so. My parents are leaving me and my sister their home, and my share is probably 300k or so. I think I will be fine in the end ... but right now I just wish I could put more into retirement.

by Anonymousreply 7803/25/2011

I didn't know DLers were so wealthy.

by Anonymousreply 7903/25/2011

We are turning from a nation of spenders into a nation of savers.

When you fart dust, will you tell kids how you saved your money to invest in a 1,500 square foot home with land instead of blowing money on that second orgasm chip?

Or will you remain silent as your stock price goes up while Americans cream the floors of Walmargett?

by Anonymousreply 8003/25/2011


Don't want to get into it too much but I don't mind about my mother...most of the time. I mean guilt tripping is a big factor of course.

She's lived a very hard life and she worked very hard at laborious jobs to bring up two kids on her own. My dad was a deadbeat drug addict and killed himself driving drunk. She is an immigrant and doesn't have good language and work skills. She's basically made minimum wage all her life. We were very poor. My brother, mom and I shared a bedroom up until I was in 9th grade. We didn't buy our first TV until I was in 7th grade (we had a free B&W 13 inch prior). We lived in LA without a car and if you know LA, that's saying a lot. I went everywhere by bus or relied on friends for rides. I didn't drive until I was in college.

As much as we have our generational and cultural differences, I love her and owe her a lot. The problem is that supporting my mom means indirectly supporting my brother. He essentially lives off of her. So whatever I give her, he benefits from; helping with rent, paying for household goods, etc. Trust me this is a huge point of contention between my mother and I.

Even if he stops leeching off of her, he's so fucked financially, he won't be able to share the burden of caring for our mother in her retirement. It'll all fall on me.

I do have extended family who are middle-class economically and I trust that if I ever really needed help, they would be there for me. This is mainly because they've helped my brother a lot, though they now tread carefully because loans eventually ended up as gifts if you know what I mean. I've never once asked for a dime from them and know they appreciate that if I ever asked for money, it would be very serious indeed.

by Anonymousreply 8103/25/2011


$2K in savings

$40K in IRA $41K in 401K

no debt.


by Anonymousreply 8203/25/2011

47 %0D %0D 401k = 300000%0D Stock = 200000

by Anonymousreply 8303/25/2011

I hear ya, r81. There is nothing worse than a deadbeat sibling, when they are leeching off of your elderly parent. My brother has been bleeding my father dry. He has borrowed over 60k in the past two years, and steals my dad's prescription pain meds. My dad is in very poor health, so all of this money basically comes out of my future inheritance. It also pisses me off because my dad worked and saved his entire life, and my brother is blowing the money away on drugs and alcohol. He lives in the same town as my dad, and is the only one around on holidays (and when he needs immediate help) so I havent thrown a fit yet. I know that my dad will take his side forever because he is the only person that he spends time with.

by Anonymousreply 8403/25/2011

I'm 48. I own two homes free and clear, tho one I receently inherited, and am renting untill I can decide what to do with it. I have very little debt. I came really close to getting in trouble with credit cards about 15 years ago, and it scared me pretty bad, so I only have 2 credit cards and they are in case of an emergancy.%0D %0D %0D I have somewhere arround $3820000.00 but only because a big part of it is an inheritance. Before the check cleared last week, I think there was maybe $260,000. %0D %0D %0D I don't really save in any regular way. I've allways put my tax return money into savings and never touch it, it's there for emergencies only, though I haven't really defined what the emergency is that would let me spend it. %0D %0D %0D On the day before I get paid I put everything over $500 from my checking account into another saving account. That money I let myself spend, but since the economy has gone down the toilet it's become the money that I've been lending/giving to family and friends to help out. When the ammount in that account goes over $10,000 it goes into the other account with the tax return money.%0D %0D %0D I know I should be saving more regularly, and in a more normal way, but for now this works for me.

by Anonymousreply 8503/26/2011

Just out of curiosity for the people with 401K's, how did you avoid getting massacred in the markets during the dot com crash and the 2008 housing bubble/investment banking meltdown? Most people I know had 30 to 40 percent drops in their portfolios not once, but twice in less than a decade because of these crashes.

by Anonymousreply 8603/26/2011

I'm 50 years old.

I own my home, free and clear. I have a pension that will pay me $8K a month, if I retire at 65. I have about $500,000 in IRAs. I have $400,000 in other savings and investments.

Every time I run one of those on-line retirement planning programs, it says I'm very far behind in saving for retirement. It's freaking me out. I really don't think I can save much more than I currently am.

by Anonymousreply 8703/26/2011

R86: Look at this graph. %0D %0D Typically investments in 401(k) accounts are made over years or decades, not all at once at the very peak of a market only to sell all at once in panic at the very bottom of a crisis. %0D %0D Compare in the graph today's market by 5- or 10-year increments backwards in time over the course of a career and the more or less steady incremental investments in a 401(k) and the picture is not so bleak.

by Anonymousreply 8803/26/2011

R86, I did get drilled. For my job from 2006-08, I have a 401K account which I stopped putting money into when I left the company. That account in 2010 had less money in than I actually put in. So I'd have been better off if I hid the money under my mattress.

by Anonymousreply 8903/26/2011

R88, based on what I've read, the last decade has been the worst investment period in history. I understand that there are people who have been investing for more than this past decade, but there are still quite a few people in their 30's claiming that they that they have 100K+ 401K's and stock holdings. Assuming that these people started investing in earnest around the time they graduated from college, the total amount of time they could have been playing the markets essentially overlaps this past decade and its associated financial meltdowns.

by Anonymousreply 9003/26/2011

I hate you rich bitches.

by Anonymousreply 9103/26/2011

R49, here. I am a writer and a member of the Writers Guild. We get paid a nice amount when we work, but again, it's rare to get a rock solid gig and so you spend some months every year looking for work or writing scripts that don't sell. Thank god for my union. They made it possible for me to have such an up and down career over 22 years and still come out on the other end with a pension that will pay the basic bills. As soon as my house is paid off about five years after I retire, I will be fine without having to touch my savings. The truth is I will be giving a lot of that to my sister who hasn't saved anything.

by Anonymousreply 9203/26/2011

Right there with you R59.

39 with 50k to my name. No debt, no house though - I rent. I save about 6-7k year and within 10 years I hope to take that saving and flat out buy a house in a lower cost of living area and retire and die there at around 70.

by Anonymousreply 9303/26/2011

[86] I lost a lot of 403b value over the past few years (dropped from nearly 450K to about 300K at the lowest). I will be doing a 'checkup' with my TIAA-CREF advisor next month to seek his advice about moving some things around. I did have a good deal in their real estate social choice funds, but might move more into annuity now.

I'm a college administrator and the retirement benefits are one of the best things about the job. I put in 3% of my income, and my employer matches it with 12% (a 4:1 match).

by Anonymousreply 9403/26/2011

About $100K in retirement savings.

About $28k in liquid savings

About $4 million in a trust that will come to me upon the death of someone I love very much.

I'm 54.

by Anonymousreply 9503/26/2011

This will be me - if I'm lucky.

by Anonymousreply 9603/26/2011

R28, please take some of that money and buy some punctuation.

by Anonymousreply 9703/26/2011

58%0D %0D $1.2 mil in retirement account.%0D %0D About $50K in liquid savings (money market funds).%0D %0D About $9K in checking account.%0D %0D Some of this came from inheritances, although I did start saving seriously at about age 30.%0D %0D

by Anonymousreply 9803/26/2011

Do you mean after I sell my blender and microwave, OP?

by Anonymousreply 9903/26/2011

50, 100k in SEP, no debt. Not much in checking or savings accounts. I'm a freelancer and last year was a bad one, this year is a tad better.

by Anonymousreply 10003/26/2011

50K in savings, own a home in full (currently value 900K in a nice area, in Orange County, CA - but that means nothing if no one wants to buy it, or wants to pay that price). No debt, pay cash for everything. Car is also paid off.

I'm 42, and only make around 65K a year. I spend most of my money traveling the world, good food, wine, treating friends and family to nice things they may not otherwise be able to enjoy.

I have seen too many people die without having seen the world, without having lived with passion and adventure. And they have a lot of money in their bank accounts, but they're dead. If you can do all that AND have hundreds of thousands in the bank, good for you, but I don't make enough to do that, and prefer to LIVE as opposed to scrimping and saving. I saw my grandparents do that. By the time they realized all they had missed, they were too old to travel, explore and enjoy. It was heartbreaking to hear them talk about it. My parents got all of my grandparents $ when they passed, and are also a bit frugal, but not to the same extent. At least they have taken a few trips.

I know it sounds terribly wrong, but I prefer to live in the moment and on a wing and a prayer. Certainly I'll get a lot of shit here for living this way, but it's my honest answer.

by Anonymousreply 10103/26/2011

Jesus r98, what are you worried about? That the world's going to end before you can spend all that?

by Anonymousreply 10203/26/2011

43 yo...about $4 million in stocks bonds apartment (about 1.5 million, no mortgage) and weekend place (around $ 500,000).. plus about 5 million other real estate...

by Anonymousreply 10303/26/2011

Hey - R103 - wanna get hitched? I promise I love you for you. Honest.

by Anonymousreply 10403/26/2011

For all those who think the wealthy are easy pickings.....think again. The money was not amassed giving away treats to the needy.

by Anonymousreply 10503/26/2011

3,000 in checking. Own a restaurant that I will sell in a year or two for about 300,000. That's it. I'm 34.

by Anonymousreply 10603/26/2011

Why do you say you're "totally fucked," R106? Did you lose a lot of money in the restaurant? It sounds pretty impressive that you own a business at such a young age.

by Anonymousreply 10703/26/2011

R106, you are not totally fucked.

by Anonymousreply 10803/26/2011

I'm impressed with the restaurant thing but really, did none of you ever read about the depression? After the crash almost everyone was wiped out and they just tried to put their lives back together. You act like every one is suppose to have a million in the bank. You sound ridiculously silly to me...especially after what happened in Japan. You sound like children playing monopoly.

by Anonymousreply 10903/26/2011

R109, I agree 100%. One never knows what the future holds, which is why I live for today and don't let all the braggarts bother me.

by Anonymousreply 11003/26/2011

Well, there's no guarantee that it will actually sell. It barely makes a profit right now. I still owe the old owner about 75k. And, even if it does sell (after I pay the old owner off), then what? After taxes and my business partner's take, I'll have maybe 100k and no job. I have a degree, but spent my 20s pursuing an artistic pipe dream. I really have no skills other than owning a restaurant and I loathe it. Loathe it and won't step foot in another restaurant once I'm through with this one.

by Anonymousreply 11103/26/2011

R106, I hope things work out for the best. At least you tried...

by Anonymousreply 11203/26/2011

32, $458k in liquid assets, about $24k in student loans (might be slightly less, i dont keep an eye on it)

by Anonymousreply 11303/26/2011

Some of you guys are SO full of shit - especially those with nice round numbers.

by Anonymousreply 11403/26/2011

Savings 550K Checking 110K 401K 300K in cash Account Pension 2200.00 a month and SS $2100.00 a month. I'm older than dirt 69

by Anonymousreply 11603/27/2011

What the FUCK do you people do that have so much damn money? Really, I'd like to know.

by Anonymousreply 11703/27/2011

My ex is in his mid 40s, r117, and writes for television. Nothing that you've seen (though he is very talented and I wish one of his shows would actually take off). But he is worth over a million dollars plus a house that is valued at around 1.2 million. It's ridiculous. That's how people do it. They just find a way.

by Anonymousreply 11803/27/2011

r117, I work at a university (not as teaching staff) on pretty low pay but I invest in my spare time. (not in shares, i dont know shit about that stuff)

by Anonymousreply 11903/27/2011

[quote]What the FUCK do you people do that have so much damn money? Really, I'd like to know.

Real estate!

The day I bought my first house was the day I started building wealth. If I'd just relied on salaried income I would be screwed, as my employment history is extremely uneven, and working for corporations (which are disfunction entities) drives me nuts.

by Anonymousreply 12003/27/2011

it seems a lot of people have tens of thousands in savings (like 30-70K).%0D %0D My questions is: where do you put it? is it in a checking account? savings? CD? Money market? Under the mattress?%0D %0D are you including any kind of taxable investment account in the savings figure?%0D %0D I don't have nearly that amount, but I am trying to save up 6 months of expenses in an emergency funds. Right now it's in an online savings account (which WAS paying high interest but not anymore)

by Anonymousreply 12103/27/2011

I have $412K in my 401k plus another $40,000 or so in a Roth IRA. Another $50K in savings bonds inherited from a relative, though the value may have gone up. Plus $75K in savings, checking etc.

We owe $230K on the house, with equity of $200K or so, depending on whatever the market is saying now.

I'll have a small pension when I retire. But my partner and I will both inherit. Probably $500-600K total.

And no, I do not feel this is enough of a cushion going into retirement. I'm 55, and I'll have to work forever.

by Anonymousreply 12203/27/2011

[quote]Some of you guys are SO full of shit - especially those with nice round numbers.

Hee, hee. You ain't kidding brother. My bullshit detector went off the charts reading r101.

by Anonymousreply 12303/27/2011

It's funny how threads about how much DL'ers have in savings invariably read like this one.

On the other hand, threads about how people are struggling (with the poor economy, with unemployment, with finding jobs, etc.) invariably end up describing how barely DLers are making ends meet.

Either DLers are the most economically polarized group on earth or something is amiss.

by Anonymousreply 12403/27/2011

I'm 36 and only have $300 in savings and $20,000 in a 401K. I have $15,000 of credit card debt and I'm thinking of taking that amount in a 401K loan. Has anyone ever done the 401K loan? Please tell me your experience.

I will make about $90,000 this year and I'm ready to do a debt diet and should be able to pay back about $1,700 a month.


by Anonymousreply 12503/27/2011

Do not do a 401k loan. You will take out pre tax dollars, but you will pay it back with money that has already been taxed. When you finally do take out the 401k money as a distribution on your retirement, you will pay taxes on the money again, as if the money were never taxed in the first place. I.e., you will be taxed on the money twice. Not a good deal.

Furthermore, the money in your 401k is protected from creditors; there's no reason to use that money to pay back unsecured debt.

by Anonymousreply 12603/27/2011

[quote]Hee, hee. You ain't kidding brother. My bullshit detector went off the charts reading [R101].

Why, because I'm not rich? Or because you can't possibly believe a gay man doesn't give a shit about amassing wealth?

by Anonymousreply 12703/27/2011

I guess I'm the worst off. Am 63 -- maybe have about $150,000 in savings. Work is pretty much over.

If Social Security works, then I'll be okay because I really don't need much to live on. But if it goes insolvent, then it's over for me.

by Anonymousreply 12803/27/2011

lol at the people who are disbelieving this thread. You think that because you are terrible with finances it means that everyone else must be too? It's entirely possible to make money and still have time to waste on DL.. I'm off to facebook now..

by Anonymousreply 12903/28/2011

I have 23p, some lint and a squishy/melting with leg heat Everton mint in my right jeans pocket.%0D %0D I'm old enough to know Everton mints ruin your teefs but young enough to still have teefs to ruin. :)%0D %0D x%0D %0D

by Anonymousreply 13003/28/2011

Less than zero.

by Anonymousreply 13103/28/2011

everton mints are gross, try tic tacs

by Anonymousreply 13203/28/2011

cant count it at the moment as eating pizza i guess bout 5 dollars but im happy enought

by Anonymousreply 13305/30/2011

A lot less after that trip to Italy, but it was worth every cent.

by Anonymousreply 13405/30/2011

I've had a few "windfalls" since the 1st of the year - which really added to my savings. However I don't have the type of position where I get a steady paycheck (commission based) or benefits like a 401K, so I save a lot when I do get big checks.

And R134 - Italy is awesome - I was in Europe recently for nearly 2 months. Traveling is definitely one of those things that is worth every dime.

by Anonymousreply 13505/30/2011


1,023,000 in cash, 401K, real estate. etc.

Due just over 1 million from my father.

I think I'm ok.

by Anonymousreply 13605/30/2011

44, legally married. One house we owe 427k, have about 700k in equity. Have 26k in savings and about 400k in a money market, but we are about to put 250k down on another house plus do work on current house to convert it to a rental. That will drop the money market to about 150k. Have a little under 500k in our 401ks plus partner's government pension. I still worry, but I'm a pessimist by nature.

by Anonymousreply 13705/30/2011

poor people are so cute!!!!!!

by Anonymousreply 13805/30/2011

30 yo %C2%A33.5k in savings, but minimal debt.

by Anonymousreply 13905/31/2011

[quote]I guess I'm the worst off. Am 63 -- maybe have about $150,000 in savings%0D %0D %0D hahahahahahaha

by Anonymousreply 14005/31/2011

ok, we know how little cash most of us have; now I'm curious how much flash we put out there.

by Anonymousreply 14105/31/2011

41, male

$160k 401k (maximizing annual limit) $40k pension $3k roth ira (maximizing annual limit) $5k savings $80k mortgage for $170k townhome no other debt

tip: prolong marriage and kids

by Anonymousreply 14208/13/2011

R141, start a new thread rhen

by Anonymousreply 14308/13/2011

I am 28. My husband is 30. Together we have 2.3 million in savings and our house is paid off.

by Anonymousreply 14408/13/2011

60k in savings...owe 50k in student loans...that's it :( 31 years old

by Anonymousreply 14508/14/2011

Have you ever noticed that when the IRS starts one of these threads, the early posts are quite modest, but by page 3 we start really getting up there? btw I'm not saying.

by Anonymousreply 14608/14/2011

I'm 30 years old, and am a bit disorganised and have small amounts scattered all over the place. All amounts below in Australian dollars unless otherwise stated:

equivalent of AUD$15,000 in one overseas savings account $9000 in my Australian savings account approx. $30,000 in retirement(which I can't access in any shape or form until I'm 55 due to the way Australian pension plans are structured) $2000 in investments $100 hidden in a desk drawer at home around $10 in coins stuffed in a pocket of my messenger bag $35 in my wallet a friend who owed me cab money and drinks 'jokingly' paid me back with a 20 Euro note, which is worth AUD$25 if I cash it in

Then there's the $5300 in credit card debt which I was about to pay off all at once, but then I just lost my job yesterday so I'm looking for a new one. Once I've settled into a new job, I'll knock that one off.

Also chasing up a couple of tax rebates which will hopefully get me back $2700.

I think in one of my old jobs which I didn't really stay all that long for, there was a separate private pension that used to deduct money from my pay every month. Don't know what's happened to it and need to chase it up, but I think they have $500 in retirement for me(which I can't touch until I'm 55).

Fairly certain I have a bank account from another old job that has $70 in it that I need to close down(it's not charging me any fees though, but that $70 would be handy).

I have enough food in the fridge and pantry to last me a week.

Have been broke before with $18,000 in credit card debt and $100 in cash and it's taken me ages to rebuild my savings and chip away at the debt.

I have no mortgage and no hope of being able to buy a house in Australia right now or within the next 10 years.

I have to work really hard to catch up with my peers, all of whom have easily double or triple of what I have in savings and investments(though some with hefty $300,000+ mortgages). I was very undisciplined and did not budget carefully during my twenties which I really regret now as I could have been in the same position.

Reading this thread has been really helpful and I hope to get my act together within the next few years and be in a comfortable position by the time I'm 40 or 45 years old.

by Anonymousreply 14709/03/2011

Savings? WTF is that?

by Anonymousreply 14809/03/2011


by Anonymousreply 14904/18/2012

I'm a high school dropout who has worked factory and clerical jobs since I was 15. I didn't really take retirement seriously, thinking I'd never make enough to put anything away. Ten years ago I started a 401(k). I have $100K in there now, no savings, and I live paycheck to paycheck. I'm the poorest one in my crowd. But I like the job and my boss is great - worked with him for 10 years (a litigator). I rent an inexpensive apartment in the countryside surrounded by mountains and lakes. Bliss. I can live on my meager retirement, never been much of a spender, obviously.

by Anonymousreply 15004/18/2012

My name is Elmer Fudd. I own a mansion and a yacht.

by Anonymousreply 15104/18/2012

I'm 35 years old. I have $315,000 in my 401 k. My home is paid off and is worth around $350,000. I also have a condo which I am in debt $150,000 for. Savings account I have $96,000 and my checking has around $8,000 a month.

by Anonymousreply 15207/30/2012

39 19K savings. 100k pension. I am screwed!!!

by Anonymousreply 15308/10/2012

Age 54 wife is 51 720,000 in 401k and IRA's. When I was 19 I tarted with a IRA then moved to a 401k in 1981 or so. 55,000 in bank 220,000 home payed off No CC Debt. have a 30,000 car loan One kid has his PHD and on his own, his twin flunked out and living with us. the youngest is starting college soon. I Have maxed out 401k every year since 1981. Helping things, I have worked at the same company since 1978 averaging 50 to 60 hours a week. I have been doing this for the last 34 years. I am getting tired and looking forward to something else.

by Anonymousreply 15408/15/2012

Married age 39 325,000 401k/403b 100,000 cash 50,000 stock/mutuals 40,000 saved for kids Only debt is 15 year mortgage current balance 165,000 with 13 years remsining.

by Anonymousreply 15508/18/2012

68, nearing retirement. About $3 million, including about $2.5 million in various retirement accounts.

I didn't really start seriously saving until I reached 50.

by Anonymousreply 15608/18/2012

Savings + Checking is around 50k.

IRAs/401ks probably around double that.

Which at my age is definitely NOT much.

by Anonymousreply 15708/18/2012

46. $250K in 401K and IRAs. $10K in savings. $110 remaining on my condo mortgage will be paid off when I'm 55. $20K in student loan debt, but no consumer debt. Partner of 6 years is same age as me, but has only about $80K in retirement savings and no debt.

Overall, I'm well below where I thought I'd be at this stage of life. But all things considered, I'm doing reasonably well. I received no assistance from my parents for college or law school and borrowed $80K to pay for both. I also went through an unexpected career change 10 years ago that allowed me to save only $13K for retirement from 2001-06.

by Anonymousreply 15908/18/2012

Between all savings, checking, 401K and pension I have about $ 650K. I'm going to be 49 next year.

by Anonymousreply 16008/18/2012

I have 600K in savings and investments, 300K in an IRA, and a pension that will pay me $9K a month if I retire at age 65. House is paid for.

I wish I had more. Should I be worried? I'm 52.

by Anonymousreply 16108/18/2012

Married, 56 and 54 yo. $750K in retirement funds; one small pension $100K and one annual teacher's pension $65K. Still have mortgage on house but plan to pay it off before retirement. Plan to work until 70. Worried still.

by Anonymousreply 16208/18/2012

I've never made more than 21K in a year. Still I managed to save 12,000 but I'm pretty old. Just never was able to get a good job.

Oh well I guess there's no point saving I'll just get an iPad and a year pass to Thugs4Sex

by Anonymousreply 16308/18/2012

Who the hell does the OP think he is, asking people how much they have in savings and their age? What an uncouth asshole.

by Anonymousreply 16408/18/2012

My partner and I have about $2 million in investable assets and will each receive about $22k per year in pensions. We are retiring next year when we will be 56 years old.

by Anonymousreply 16508/18/2012

46 years old. 130K in 401 K; $15K in cash savings; $60K in company stock program to vest, with an average $25K granted annually; and $250K in trust. My home, almost paid off, would be worth $650-$800 based on sales in the neighborhood. I expect by the time I retire it will be worth close to a million, if not a little more. Aiming to work the rat race till, say, 55 and then 5 - 10 years being paid less but doing work that is more meaningful, before retiring.

by Anonymousreply 16608/18/2012


by Anonymousreply 16708/18/2012

I am 31. Have a house worth $320000. Mortgage for $170000. In saving acc.$ 30000.00 and checking $1500.00. Know well the diffrence in needs and wants..20$/Hr i get paid dont know what would be my financial Position when i am 60???

by Anonymousreply 16808/22/2012

My husband and I are 28. We have about $160,000 cash in the bank/money. We have about $220,000 in our 401K (combined). We have about $30,000 in a Roth IRA.

We have $50,000 in school loan debt.

We are considering buying a house for $500,000.

How stupid are we?

by Anonymousreply 16911/01/2012

29. I think I have about 15K in 401K and 110K in savings, but I don't own a home/car/etc and am in a very unstable profession, so that's why I'm afraid to spend money.

by Anonymousreply 17011/01/2012

$150,000 in savings, no investments currently. House has about $25K left on the mortgage, and I owe about $20K on a car loan, but everything is current and my recurring expenses are very low.

I just turned 57.

by Anonymousreply 17111/01/2012

125k in my SEP, 45k in savings, apt. paid off, car paid off. Very little debt. 52 yrs old.

by Anonymousreply 17211/01/2012

2 million in brokerage account, 500K in 401(k). House is modest, worth maybe 120K. 57K annual pension upon retirement, which I think will be next year. (I'm 57.)

by Anonymousreply 17311/01/2012

I'm 60, have been retired two years. My net monthly pension is around $6K (gross is just over $100K annually.) I have about $175K in cash savings, plus around $250K in two retirement accounts that I don't plan on using anytime soon. I owe less than $30K on my $300K house, and around $185K on a $285K house I rent out. No debt, other than the two mortgages.

I do have a dilemma, though. I need to plan for my eventual passing, and my only close relative is my mother, who is in her 90s and will likely predecease me. After that, I only have cousins (no living siblings, no children, no nieces or nephews.) I'm thinking of leaving some to friends, but most to charity. Any thoughts?

by Anonymousreply 17411/03/2012

R174, I do have some thoughts; thanks for asking(us.) I would leave a little something o at least one cousin; friends, too, and whatever you want to charity. If I had any money (was bad with it; am on disability now, have a few thousaands only 'cause brother "manages" my money); ANYway, that's what I want(ed) to do(single) - my brother or nieces; 1-2 friends; the rest to charity.

But as someone who used to be a paralegal, with a teensy bit of experience in trusts and estates (not my main background): you'd be surprised how relatives, even cousins, even DISTANT cousins can get greedy when a relative dies leaving any amount of money. I have seen will contests. Usually whoever has the most money to "fight" the wlil (i.e, to pay lawyers to do so) forces some sort of settlement.

So leaving - $2K? $5K? to one or more counsins might be prudent. I know this sounds paranoid, but as mentioned, I have worked on a couple of will contests - and they were NOT pretty.

You sound very frugal and sensible!

AND: 161 and 173: wow! In fact, a lo of posters, I am very impressed. So much for people thinking gay men spend money frivously.

by Anonymousreply 17511/03/2012

R175 Thanks for your insight and advice. I guess I don't fit the stereotype of being a spendthrift, but in retrospect I wish I had been less conservative with my money. Now that I have time and money, I don't really have the energy or desire to travel as much as I used to. So, I guess the real answer is, don't be overly conservative or overly reckless, but do try to enjoy your hard-earned money when you're young.

by Anonymousreply 17611/03/2012

Im 42

24K in savings

115K in Retirement

85,000 Equity in house

25K in Debt

No kids and make about 150K a year

I feel I am in pretty good shape but only have to work until im 70

by Anonymousreply 17711/05/2012


160K in retirement

12K Savings

Less than 10 K Debt

Married no kids husband much younger I think we should be fine.

100k equity in house.

Any thoughts

by Anonymousreply 17811/05/2012

40k. 36yo, NYC. I'm starting to freak out that I don't have enough in retirement: 8k.

How am I doing?

by Anonymousreply 17911/05/2012


$316,000 in IRA/Savings 40,000 in 529s for daughters' college (5) and (3)

by Anonymousreply 18011/12/2012

r178, why do you think you will be fine? Will you have a pension?

by Anonymousreply 18111/12/2012

#14. Yes some people "bragging". But others I believe have never been taught what should have been. Money. I think some people are genuinely confused as to if they are on the right track or not. That's all.... That's my case anyway. I honestly don't know if I'm behind , on track , or ahead. ?

by Anonymousreply 18311/16/2012

51 and 54 guys.

350K in retirement plans. 40K in savings, and 15K in checking.

We are both from middle-class roots, and we do not expect any inheritance when our mothers pass.

We have 100K in equity in our house. No loans other than mortgage (100K remaining).

We are not planning to retire until age 75 or so.

by Anonymousreply 18411/16/2012

35, 760K saving, 400K house, no debt. No job at the moment, do I still need to look for it?

by Anonymousreply 18511/24/2012

34, 2 kids, house, -20 k in savings on LOC, earn 60 k a year, all my debt is from my wedding. I save about 3 000 per year and spend 1 000 every year in bank fees.

If I never spent 20 k on a stupid wedding that no-one enjoyed and just bought a ring and a dinner, my life would be perfect.

Instead it's 3 jobs, no savings, nothing for the kids to save for college, all to make my wife happy and have a stupid wedding with 50 relatives that we never talked to again not even christmas cards because we're so poor we eat kraft dinner

by Anonymousreply 18611/29/2012

42 and 41, kids 10 and 5 Income is 140K and 90K

700K in retirement (401k and other) 200K in Cash 300K in personal stocks, kids' 529Plan etc. ~300K in house, paid for 5 yrs ago.

Planing to retire earlier.

by Anonymousreply 18712/01/2012

I have nothing but my health. That may sound sad however I can say one thing is true, Death is in fact the great equalizer.

by Anonymousreply 18801/05/2013

$200,000 total. Age 54. I'll be working until the day I die.

by Anonymousreply 18901/05/2013

Yeah, I agree with the more cynical people posting here. This kind of thing draws people who've saved a good bit, so they can brag about it, but also trolls who simply talk crap.

by Anonymousreply 19001/09/2013

I got my end-of-year statement yesterday, and I only have $30,081.34 in my IRA. It only earned $58.39 in 2012, and I did not make any additional deposit. My home is paid off, and I also have two very modest vacation/retirement properties which are paid off also. One for hunting/camping in the woods, and one for fishing/camping on the lake. It is a good thing that wealth is not the most important thing in life for me, because I don't have much of that.

by Anonymousreply 19101/09/2013

I'm 46. No retirement funds. About $1,500 in a savings account. Maybe $3,000 in checking. Condo completely paid for. No health insurance. No debts.

by Anonymousreply 19201/09/2013

I just turned 60. I have just over $400k in 401k's and regular savings. My partner (61) has about $200k.

by Anonymousreply 19301/09/2013

Okay, I'll tell my situation. I'm almost 56, haven't worked in years, wife earns modest amount of salary, have just over $106,000 in total savings (all liquid), modest home paid for, cars paid for and no debts; so far both of us healthy. (We had virtually no savings 7 years ago). I'm amused hearing these 30-40 year old somethings saying they have all these assets and also claiming they're screwed because it is not enough. I'm not worried, as long as we stay healthy. (I admit I didn't read all the posts, only the first and last pages as these things get rather repetitive.)

by Anonymousreply 19401/09/2013

41. $110k in retirement accounts; $4k in checking and savings. $11k in stocks. No debt but still rent.

Could be a lot better. Could be a lot worse.

by Anonymousreply 19501/09/2013

I'll be looking for someone's couch to sleep on when I hit retirement age. I have $100K, little debt, a car that has about $13K to pay off, and no pension or mortgage equity. Did I mention I'm 60?

by Anonymousreply 19601/09/2013

$0 and I'm 38. $37,000 in credit card debt.

Has anyone mentioned how much you need to be able to retire somewhat comfortably? I know there are a lot of variables, but if you somehow get an inheritance or something that is $800,000 after taxes, could you invest it in something that would earn $80,000 a year or so in interest that you could live off? Sorry, I'm clueless, obviously.

by Anonymousreply 19701/09/2013

I have $9 billion in savings.

by Anonymousreply 19801/09/2013

65 years old. Will get $2600 a month for SocSec. Have about $250K in savings. Rent my place==but it's cheap.

The rest of my life is going to be very, very frugal.

by Anonymousreply 19901/09/2013

Wife and I are both 55. We have $626k in retirement accounts. Wife is retiring in 2 yrs, I will work until age 60. House is paid off. We have a vacation home in the Adirondacks that will be paid off when we sell our primary residence before retirement and move there permanently. We will then rent the vacation home from Jan through March and winter in Florida or some other warm place. Hate to wish my life away, but I wish it was 2017 and my ass was on the beach.....oh well, soon enough I guess.

by Anonymousreply 20001/14/2013

$110,000 in savings+stocks

$5,000 Roth IRA

$172,000 in 401k

SUV is paid off

own a townhouse worth about $105,000 that I bought in 2003 and still have a mortgage on it

Single female, 39 y/o

I could save a few thousands more a year, but like to travel while I am still young

I am sorry many people are not doing well financially, but so many have so much that they don't need. I only buy what I need, plus travel. I am also planning to work until I drop dead, like Betty White.

by Anonymousreply 20101/17/2013

On the way to $2.5M by 65, home paid off, single income family. If you are age 50 with nothing, read Wealth Virtues and find out how to make at least $800K before age 65...or, just live within your means and be happy!

by Anonymousreply 20201/27/2013

I'm never sure where to put my dollars. (44 years old)

I have about $230K in my employers 401k. $40K in an old pension that i cant touch (unless i leave the company.) i have $100K in my Roth. So none of those get touched other than contributions.

I have about $200K in other money - 65% in stocks & mutual funds, 25% in savings, and 10% in CDs. I feel like I should transfer some of that around, but I continually change my mind not knowing where the market is headed.

Almost done with my mortgage... So I may look to upgrade to a bigger home, or look for a second home/vacation rental.

I feel like I'm on an OK path for retirement, but I tend to be very careful with my money. Not cheap, but I get the most out of my purchses (car, appliances, etc.).

by Anonymousreply 20301/27/2013

Last night on Suze Orman a woman asking "How Am I Doing?" was 48 years old, had about 1.5 million in assets and wanted to retire at 65. Suze gave her a D minus. Bitch.

by Anonymousreply 20401/27/2013

Just a lot of great memories, and the knowledge of which stocks will be going up 10,000 percent in the next deacde, which means that once I get around $4-6k into the markets, I'll be set in twenty years.

When I was younger I never tucked away money or wasted time on the corporate ladder so I could enjoy life. With a satisfied middle-age, it's easy to work all the time, socializing isn't a distraction, and the money is just starting to pile up. I think that's how it should be, though it does pay to give children money as they can hold for a long time.

Our economy favors speculation because if you go broke you can wipe out your debts and go on the dole. If you have $2k to your name, and risk all of it, you might multiply it, but if you don't, you'll spend it. Even if you lose it, the government will get you back on your feet again. Literally free money.

Oh wait, that's what the millionaires do. Silly me.

by Anonymousreply 20501/27/2013

So basically you're all a bunch of selfish bastards intelligent people should ignore.

by Anonymousreply 20601/27/2013

I just tallied it up today. We are 55 and have $2.3 million and a paid off house. We will both have small pensions, ~$23k per year each if we draw them at age 58 and 60. We won't take SS until 66.5 at the earliest.

I can retire in May on my 56th birthday. I see no reason to wait. My partner isn't sure when she will retire but she says it will be sometime this year.

I plan to do a lot of backpacking while I am still able.

by Anonymousreply 20701/27/2013

I am 51' 351,000 401k plan to retire at 62?

by Anonymousreply 20802/02/2013

I am 35 and just inherited 6.4 million, and a condo in Florida on the gulf coast. Wife and I are now retired. I've been in the work force since getting out of college and SO GLAD I can now call it quits. My grandparents were quite well off (gramps was a physician) and I am their only grandchild. Sad he passed away last fall, but I gotta admit I don't miss working one bit. Keep on saving the rest of you, I'll be lounging on the beach this winter.

by Anonymousreply 20902/03/2013

I can never understand how people with any disposable income at all make do without an investment councilor. Over twenty years, mine has made me a millionaire several times over, starting from (more or less) scratch at age 50.

by Anonymousreply 21002/03/2013

$140K in savings and investments and I'm 29. I have been off work (due to depression and trying to change industries) for the last two years, though, so I would have a lot more if I was working :S

by Anonymousreply 21102/03/2013

31 years old

$100,000 in pension fund $35,000 investments $42,000 in savings

I also own a condo and the mortgage has been paid off. Not really worth much, just about $300,000

by Anonymousreply 21202/03/2013

Age 44 and married into a ton of money when I was 28. I don't work. I just go to the gym and keep myself fit for my wife. Least I could do since I don't ever have to work...........feel sorry for all you poor slobs. It must be hell having to work and scrimp and save for a retirement that will probably never come.

by Anonymousreply 21302/03/2013

52 years old

$151,000 retirement

$15K liquid - checking, non-retirement mutal funds and savings.

Owe $14K more on the house.

I'm happy with that.

by Anonymousreply 21402/03/2013

25 years old about $24,000 in 401k about $17,000 in savings car(new) paid off, student loans paid off

unfortunately I was just laid off, glad I followed my dad's advice, if you can put  to 401K and  to savings if you hope to retire comfortably

by Anonymousreply 21502/03/2013

R213 (eric) it must be nice living off the hard work of others instead of being a productive member of society. and we're the slobs?

by Anonymousreply 21602/03/2013
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