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Message
1
Posted on 2/20/15 at 8:15 pm to Major Dutch Schaefer
I'm 41 and just crossed over 500k in my 401k.
Posted on 2/20/15 at 8:16 pm to KG6
100k at 30 is great man. Good for you.
Posted on 2/20/15 at 8:20 pm to I Love Bama
quote:
100k at 30 is great man. Good for you.
yep. that's awesome. Hell bama you are only 31 and doing great in RE. Good to see younger folks doing so well.
Posted on 2/20/15 at 8:21 pm to KG6
congrats! while i am not a huge fan of these due to control issue(yes i still have one 
), good job anyway!
), good job anyway! Posted on 2/20/15 at 8:30 pm to Fat Bastard
quote:
Hell bama you are only 31 and doing great in RE
Not where I want to be but making strides for sure.
I'll be posting another R.E. success story soon. House is purchased and is being rehabbed. I can't wait to show yall the pictures and the numbers. Best one yet...
Posted on 2/20/15 at 8:39 pm to I Love Bama
quote:
Not where I want to be but making strides for sure.
same here. you started way before me age wise so you will be ok. just keep grinding.
quote:
I'll be posting another R.E. success story soon. House is purchased and is being rehabbed. I can't wait to show yall the pictures and the numbers. Best one yet...
great. please share. We need to get our own RE thread sticky here.
Posted on 2/20/15 at 8:45 pm to KG6
quote:
I'm not quite 30, so I feel I'm doing okay.
You are doing extremely well. Keep it up. You'll retire a millionaire a couple of times over.
Posted on 2/20/15 at 8:45 pm to KG6
Awesome. Congrats man. It's all about starting early and sticking with contributions. A nice match helps too.
As for age, it's more about where you finish and what your pace is for retirement age. There's been several rules of thumb posted for various milestones.
As for age, it's more about where you finish and what your pace is for retirement age. There's been several rules of thumb posted for various milestones.
Posted on 2/20/15 at 9:08 pm to TrapperJohn
quote:
I'm 41 and just crossed over 500k in my 401k.
holy fuk that is sweet
Posted on 2/20/15 at 9:12 pm to KG6
quote:
Reached 100k in my 401k . What's considered a good age to get there? I'm not quite 30, so I feel I'm doing okay.
Im at 87K but with the oilfield like it is i cant put in what i want.
Posted on 2/20/15 at 11:33 pm to lynxcat
quote:
I'm 26 and nowhere near 100k in my 401k but that is not my only savings vehicle...it is only 25% of my savings, actually.
I care more about net worth than a specific vehicle that got me there.
Duly noted, thanks
Posted on 2/21/15 at 12:38 am to Lou Pai
OP- Obama wants to tax any 401k savings plan in excess of $3,400,000. When will you hit that number?
Posted on 2/21/15 at 7:54 am to KG6
Excellent that you already got there. I evaluate my personal financial situation in terms of net worth. Keep up the good work
Posted on 2/21/15 at 8:21 am to kaaj24
Net worth is more than my 401k, but my wife's student loans put a dent in that. We'd be over 250k if it wasn't for that.
Its been said a thousand times here, but any student needs to be careful taking out loans. We are doing just fine, but we could be living the high life if it wasn't for them. We've been dropping almost 2k a month on that crap. Would be nice to have that sitting in investments right now.
Its been said a thousand times here, but any student needs to be careful taking out loans. We are doing just fine, but we could be living the high life if it wasn't for them. We've been dropping almost 2k a month on that crap. Would be nice to have that sitting in investments right now.
Posted on 2/21/15 at 10:58 am to KG6
I hit 100k right before I turned 30 then read an ot esque thread basically having everyone say they were there in their early 20s
Posted on 2/21/15 at 2:47 pm to CE Tiger
Congrats to the OP, that is great.
I'm 29 and currently have about 50k. So when i'm 30 i won't be at 100k, but hopefully not long after that.
I'm 29 and currently have about 50k. So when i'm 30 i won't be at 100k, but hopefully not long after that.
Posted on 2/21/15 at 3:47 pm to CE Tiger
Lol. It seems like that would be almost impossible to get to 100k before you are 25. I should be at 100k by the end of next year. I'll be 31. I think I'm doing ok. I'm sure that's well ahead of the avg person.
Posted on 2/21/15 at 3:58 pm to LSUEEAlum
Average person? Son the average person at retirement has 35k. That's it. Plenty have NOTHING!!!! You are the 1%. Lol.
Posted on 2/21/15 at 4:03 pm to Boh
I prefer using net worth and monthly passive income to measure where I am instead of just what I have currently in my 401k or Roth ira or my dividend paying stocks. Majority of my investing efforts go into RE.
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