Wondering how on track for potential retirement in 3-5 years Hi folks wanting some cold eyes review. I’ve talked to a couple financial advisors and don’t find them super helpful honestly. Sorta canned answers. I’m 55. My company is shipping us all from SF bay area to Tennessee and I really don’t want to move due to my whole family being here so thinking to get laid off and get some simpler job that just …

Retirement Planning at 50 I’m really struggling with trying to determine how much money we will *realistically* need in retirement. Any suggestions on our retirement strategy would be greatly appreciated. I (50M) am married with a SAH wife and 7 kids at home (age 10 – 17). I mention our family size because our expenses are currently high but I would expect to decrease in…

How are we doing on our savings for retirement? Just need some reassurance that I’m doing okay with our savings or if I need to play some more catch up. Me (37M) and my wife (34F) make about 175k a year, with approximate 4% raises a year. Currently we have approximately 200k in retirement savings, approximately 13k in a 529 for our 10 MO, and about 13k in straight savings. Unfortunately we a…

Planning retirement as a 24 yo Not sure if this is the right place to ask but should I look for someone to do my retirement for me? I don’t have any debt, my car is paid off and currently still living with my parents. Im not sure if its better for me to look for someone or if theres any book/videos where i can learn about how to create retirement plan. My job does not offer a…

Union Retirement of Deceased First off, if this is the wrong place, please direct me where to go. My father had passed away in 2013, retired 2002. He was a member of a local union. Each time I call the union to get help regarding his pension I get no where. When he passed away, I packed up as much paper work as I could to help me recover personal property, bank accounts an…

Saving for a house or retirement? Hi guys! I’m somewhat new to saving my finances, but I’m in a tricky situation regarding how I should be distributing my wealth. I’m in my mid-twenties and I’ve been told by two different sources that I should buy a house as soon as possible so I can stop “throwing away money from renting”, or I should start putting away savings in a Roth IRA fo…

10 Concrete Ways to Save More for Retirement in 2025 Everyone wants to put more toward retirement. Here’s how to actually do it.

Transitioning Taxable Investment to Retirement Accounts I have around $200k in a taxable mutual fund. I’m thinking of starting to sell off some of the mutual fund every year so I can afford to max out a Roth 457b ($23,500) and a Roth IRA for both my wife and myself ($14,000). My salary is $89k and after HSA and 403b contributions, my taxable income should be about $60k. My wife stays home with our ki…

Question about retirement accounts Hey everyone, Today I set up my first real retirement account with my employer through fidelity. I don’t recall choosing my account type but fidelity asked me how much I would like to put toward my Roth and how much I would like to put towards my 401k, yet I can only find one account on fidelity with the correct employer. I’m just really confus…

I am just starting to plan and save for retirement, but I am 61! Where do I start? All my life I did just enough to get by, I never had any savings, IRA or 401k or even life insurance. Now my life is changing on a dime. I am selling my business for $350,000 as a lump sum and they acquiring company is hiring me at double the salary I was making before (60k). Where to I start? I figure I should get an IRA and contribute to 401k…

Over 50 and little to no retirement savings….what is your plan? For people who are over 50 and have little to no retirement savings what are your plans for retirement? submitted by /u/BraveG365

Max out retirement in my early 20s? Hi y’all! I am curious to see what you all think! I am currently in my early 20s and thinking is maxing out my IRA, I currently have about 2k invested in an Ira and would like to max it out then contribute about 400 a month going forward. I don’t make a lot so this would be a lot as it is. I plan on living and simple life and buying a smaller ho…

Cleaning up Wife’s Retirement Accounts I’m trying to help clean up my wife’s retirement accounts this year and I wanted to bounce it off of everyone on this sub. Wife currently has a 403b through her employer that she contributes to. She also has a Roth 401k and a Traditional 401k from a previous employer that she left over 4 years ago. All of these accounts are with Edward Jones. I…

Understanding the role of my 401k contributions in retirement planning I’ve been maxing out my 401k since I started my job seven years ago, and I currently have about $450k in it. I’m 43, married with three young kids. A colleague of mine in the finance department mentioned that my contributions are ahead of what most people are doing in the company. He said that even if I stopped contributing altogether today, I c…

Retirement Contributions – 401k or Roth IRA? What should the split of my contributions to 401k / Roth? Background, I’m mid-40’s, no retirement savings until 37. Just over $100k salary. Now, I’m up to $135k in 401k and $35k in misc . stocks. Employer matches up to 5% of my contributions, which, by default, are in a standard 401k. My % contribution goes up 1% every year automatically and is …

At 32 years old, I have no retirement planning I (32M) do not have any retirement setup. It’s not offered through my job, either. I have $70k in student loan debts, and able to save about $2k/mo after all of my living expenses. I have a savings of about $40k in a HYSA but I’m unsure of the next steps. Home ownership was a goal but with the current pricing and interest rates, it’s not in my f…

How do I start the road to early retirement? So I (24) maxed out my ROTH IRA for the year, I have $10k in savings which I will more then likely end up using about $8k total for a house I’m looking to purchase, no debt, my total money auto expenses are $399 per month, and I make about $47,000 per year. What should my next step be from here? I want to retire early and found that buying a bu…

All money into retirement accounts? I’ve been maxing out my 401(k) and saving about a Roth IRA-worth into a non-advantaged brokerage account. The argument for me to keep money in a more liquid brokerage account is obviously that I might want a bunch of money to, for example, buy a house one day. However, paying taxes on that brokerage account every year makes me sometimes wonder i…

30 yo, saving for house and retirement track I’m 30 yo, single, and wanting to save for a $350-400k house as well as retire by 65. How am I doing? Salary: $75k after taxes Roth IRA balance: $70k Emergency fund savings: $6k Current living: $1750/mo for rent + utilities Health insurance: $300/mo Discretionary spending: $500-700/mo (I’m hoping to spend around $500) I have no debt and would li…

Should I stop/reduce retirement savings while preparing for down payment? Me and my spouse are both first time homebuyers in our late 20s expecting to purchase a SFH during next summer. We are currently on track to save around a 20% down payment while continuing to max our Roth IRAs and contribute a little to our employer retirement plans for this year and the next year. With mortgage rates currently being near 7%, I …