Guidance for savings and retirement as a 23y/o Hey all, Context: I’m 23y/o and currently work remotely full-time (40hrs a week). I currently make $59,900 USD per year (gross). I get paid bi-weekly (around $2,300.00 gross per pay-check). Breakdown of current funds: Fidelity 401(k) A: Total balance: $10,578.96 Entirety of 401(k) is in VLXVX – VANG TARGET RET 2065 I contribute 5% of every p…

Total saved for retirement by 30 When people say that you should have one years salary worth of savings for retirement by 30, does your emergency fund and other money in your hysa count? Or are they just talking about money invested into things like roth and 401k? submitted by /u/bearjs

Retirement question 401k vs IRA? Apologies for my ignorance, currently in the process of learning about everything. I’m just turning 25 and make $102,000 annually my employer is offering 25% for my contributions and up to 20% of my income. Is it better to stick with the traditional 401k or open a IRA? I would like to retire at 60. Any advice is greatly appreciated submitte…

How do I save for retirement and invest my money. I’m saving through my employer (winco) and put back 10%, but beyond that I don’t know anything. I’m 20, been employed for about 5 months, I make about 1500~ a month (CA). It’s not a lot I know, I live with my ma and have about 150-250 a month left over after bills. I’m looking for another job, a second one, but this is what I’m stuck with for th…

Retirement 401k vs investments question Hello, I am 30 and make 200K a year with no debt. My 401(k) is at 60k Investments are at 160k I live in a very expensive city and I don’t think I’ll be able to afford to purchase any homes so I will continue renting for the time being but at some point I want to be able to purchase a home in the next five years. Should I be investing more of …

Stressing over retirement in a single income house… Just wanting to get input from others regarding retirement. My wife and I choose for her to be a stay at home mother when we had our first child. We current have two kids and she has been at home for 10 years now. Our youngest is getting ready to go to kindergarden so she’s going to possibly start job hunting for something to do while kids are i…

32 y/o Retirement Investments Recently started to pay attention and care about retirement saving! I know I’m a little behind and should’ve done this out of college but here I am. Luckily I’ve always taken advantage of a 401k and employers match but was ignoring the IRA. Going to do a backdoor roth asap but have a few questions. My 401k was in a target date fund and I recentl…

How to max out retirement without going over Work contributes $500/year divided by paycheck to my HSA. Somehow last year they ended up putting in $500.11. I’m contributing $3,796/year in addition to that to make sure I don’t go over.I’d also like to max out my 401k of $23,500. Last year I made $103,00 but my bonuses fluctuate and it might be less this year but I’m also getting a raise. It …

Retirement savings tracker & projector I’d been trying to find a suitable savings calculator/projection spreadsheet, and got tired of finding *mostly* what I wanted, so I decided to take a stab at making my own over the weekend. It should be good for people to utilize right out of the box, but I’d also love to get feedback on ideas for things I should change or add (or remove). Here’…

Setting SAHM wife up for retirement My lady works extremely hard as a SAHM. I don’t make a lot but I have a 401k that I started contribute to for myself. I’d like to set her up something that I can put some of my paycheck into that’s just for her. She’ll probably be a SAHM the next ten years or so and then go back into the workforce but she is autistic, so it’s harder for her to w…

Saving for retirement – should I start a Roth? I moved to the US four years ago and would like to understand whether I am saving for retirement efficiently. In particular, I’d like to know whether I ought to be contributing to a Roth. I would guess that my income in retirement should be lower than today, which makes me think a Roth is not worth it. But I know a Roth has some other benefits t…

Not sure how to start thinking for my sister’s ‘retirement’ I am 25, my eldest sister (whom I currently live with) is 53. She has a slew of health issues related to bad lifestyles choices, and she continues to not take care of herself. I estimate within the next decade or so she will be unable to work or quite possibly kicking the bucket. She is bad with money, has negative credit, has 100K+ medical debt…

Found retirement money, what to do? I (54M) was recently contacted because there was a pension plan (!!!) I was enrolled in over 30 years ago at an old job. It’s only about $30k total, so I’m not looking at property in the south of France or anything. The pension is being dissolved, and I am being given 3 options for my money at the end of the year. First is just a lump sum distr…

Straightening Out Dorked-Up Retirement Savings The Situation: We’re a childless couple in our mid-30s, no consumer debt, and 12-ish months of living expenses in the bank. We have a mortgage on our current home and a mortgage on our old house, which we are renting out. Rental income covers the mortgage and most of the maintenance. I recently landed a new job with an enormous salary increase a…

What to do with retirement money? Let’s say I hypothetically have 3 million in retirement and no debt. What do you spend your money on at this point aside from food and experiences? submitted by /u/Reddituser123940

Starting retirement savings as a 40-year-old. Hi everyone. I’m hoping “Better Late Than Never” is a truism here, too. I’m looking to start setting up an IRA and get some other retirement instruments started. I’ve never had a traditional job, have no 401k and haven’t had regular salary to invest a portion of. Instead, I’ve had a bank account. Ha. Not ideal, I know. I’m considering starting…

My winter shade is ready for retirement 😭😭 My winter shade is ready to be retired 😭 Well it’s finally too light to use 😭 also this is a slight update post to how can I make my looks my evident! Still working on getting some brighter eye shadows. Product list – sky high mascara shade very black – elf camo liquid blush shade pink(not actual shade name but it’s the pinkest one – Elf lip oi…

Retirement Fail or Bail? I (58F) have worked as a teacher for 28 years. I am seriously considering quitting now and finding other work while I still have work-life in me, or continue working as a teacher to hit the 30 year mark to get the insurance subsidy benefit (50% insurance premium) for 5 years before transitioning in Medicare. I would love to hear what other teach…

How to start saving for retirement at 45 My husband and I are in our mid 40s and we have one child. Due to considerable health issues prior to having our child we have little savings (10k) and no retirement. All of that being said, my health is stable and we would like to catch up on our savings for retirement.My husband’s income is 150,000. We have no work benefits because he works fo…

How should I manage my retirement contributions I’m 29 with 75k in my 401k and really no other savings. If I stop my contributions for several years will this still compound enough to become a substantial amount by the time I retire? I think it’d be a good idea to build up my regular savings. I’m 5 years into a 30 year mortgage and don’t have much of an emergency fund. Also I’m kinda stuck in…