Domain: tiger-web1.srvr.media3.us How old are you, and how much is in your 401K? | Page 3 | O-T Lounge
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re: How old are you, and how much is in your 401K?

Posted on 2/10/20 at 1:15 pm to
Posted by Displaced
Member since Dec 2011
33014 posts
Posted on 2/10/20 at 1:15 pm to
quote:

33

2x my salary

Ditto.

My wife is 31 and has about the same amount in hers but that is only about 1.7x her salary.

Fidelity says we are "on track"
Posted by HT713
Galations 4:16
Member since Jan 2011
10028 posts
Posted on 2/10/20 at 1:16 pm to
anyone who responds to this with anything besides mockery and sarcasm is a huge homo. just my .02
This post was edited on 2/10/20 at 1:17 pm
Posted by Adam4848
LA
Member since Apr 2006
19727 posts
Posted on 2/10/20 at 1:16 pm to
quote:

You know you can contribute $19,500 per year, yes?


You know how I know you're single.
Posted by Tiger in Gatorland
Moonshine Holler
Member since Sep 2006
9539 posts
Posted on 2/10/20 at 1:19 pm to
I’m 44.

No 401k. Have $239.43 in my savings account. Once I get it to $300, I’m quitting.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71663 posts
Posted on 2/10/20 at 1:21 pm to
1) 30
2) $350
Posted by Displaced
Member since Dec 2011
33014 posts
Posted on 2/10/20 at 1:23 pm to
quote:

just my .02

Lol, you poor.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36390 posts
Posted on 2/10/20 at 1:24 pm to
quote:

How many people do you think contribute 20k or can even afford to?


Even if you don't make that much when starting your career (I didn't) you should force yourself to contribute some. At a minimum enough to recognize the max company match.

A dollar contributed when you're 22 is going to be worth many times what a dollar contributed when you're 40 is worth.

And before I get hit with the "can't afford to contribute", I'll just ask how much is spent on an iphone, expensive cable bill, unnecessary food/drink, etc. People can afford to contribute something, they just don't want to...to their own detriment.
This post was edited on 2/10/20 at 1:28 pm
Posted by dash-right-93-berlin
Midway KY
Member since Jan 2006
996 posts
Posted on 2/10/20 at 1:24 pm to
47
Whatever is in there I’m betting on Brennan winning the Heisman next year
Posted by 4Ghost
Member since Sep 2016
8565 posts
Posted on 2/10/20 at 1:29 pm to
62. Retired Marine and still chopping wood. 401, too much is never enough.
Posted by TT9
Seychelles
Member since Sep 2008
91793 posts
Posted on 2/10/20 at 1:31 pm to
Posted by Boring
Member since Feb 2019
3792 posts
Posted on 2/10/20 at 1:32 pm to
quote:

Use this chart


Kinda think that chart is bullshite.

Let's say you have a 30 year old who has been working/saving since 25

Year 1: 40,000
Year 2: 40,000
Year 3: 45,000
Year 4: 60,000
Year 5: new job paying 100,000

He should have saved 120,000 by this point, according to the chart. Which is about 42% of his earnings. I highly doubt the average young person is saving 42% of their income, especially in those first years when most people are paying back student loans.

Also, mad jelly of everyone with 401ks in here.
Posted by Centinel
Idaho
Member since Sep 2016
45129 posts
Posted on 2/10/20 at 1:32 pm to
quote:

Democrats coming after peoples retirement that they have saved for decades is how you start the next armed revolution


Now when the majority of voters don't have a retirement saved up to come after.

We're already there by the way.
This post was edited on 2/10/20 at 1:34 pm
Posted by GeauxGutsy
Member since Jul 2017
5922 posts
Posted on 2/10/20 at 1:35 pm to
401K plans are for suckers
Posted by Jumbo_Gumbo
Denham Springs
Member since Dec 2015
5965 posts
Posted on 2/10/20 at 1:35 pm to
37-$17K
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71663 posts
Posted on 2/10/20 at 1:35 pm to
quote:

ad jelly of everyone with 401ks in here


I'm occassionally bitching about not having enough saved and an old guy I work with always corrects me. He said when he was my age, nobody had shite saved
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53359 posts
Posted on 2/10/20 at 1:37 pm to
quote:

401K plans are for suckers

I get a 100% match on up to 6%. I'm doubling my money immediately.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 2/10/20 at 1:39 pm to
Looks like I am ahead of schedule.
Posted by FulshearTiger
Member since Jul 2015
5295 posts
Posted on 2/10/20 at 1:40 pm to
quote:

401K plans are for suckers


yeah free money suckzzz


Go put your tin foil back on and get back in your bunker.
Posted by Snipe
Member since Nov 2015
16363 posts
Posted on 2/10/20 at 1:41 pm to
quote:

how much is in your 401K?


Nice try Bernie....

Posted by auzach91
Marietta, GA
Member since Jan 2009
41309 posts
Posted on 2/10/20 at 1:41 pm to
28 and not nearly enough. But just started contributing 3 1/2 years ago
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