Which is smarter for retirement? Hey everyone! I’m a bit confused about retirement. I have just been putting money into my 403b for about 4 years. My current job offers a match of 50% of my contribution and up to a max of 2% I make about 95k a year as a nurse. And currently have 40k in my retirement I’m 26 years old. My questions are what does 50% of my contribution with a max…

vanguard small business retirement alternatives Just got a letter today that Vanguard that they will be transitioning small business retirement plans (individual 401k, etc) to Ascensus. This defeats my purposes, including why I moved my IRA to Vanguard when I established solo/individual 401k (both traditional and Roth). Vanguard funds are good, low fees, etc and wide variety of choices. But t…

Where do I stand overall for retirement at 52 It seems that anytime I try to have open discussions about finances and savings and retirement that most people become guarded and closed and are not open to talking about their situations or outlook. I am trying to get a general feeling on how I am doing and how the future looks considering my current financial outlook at 53 years of age. Curre…

I don’t understand retirement funds I’ve only now started to look at retirement funds, and I’m way too late to the game, and don’t understand them. My company says they will match my 401k at 50%. Okay, I get that. So I invest 4%, I get 6%. Here’s what I’m confused about. It also has this bit: If you meet the eligibility requirements, you will receive an Annual Retirement Contribut…

Saving for retirement when not necessarily staying in the US Hi all, I’m an international Ph.D student, 29 y/o on an F-1 visa, and have at least 3 more years in the US. I have a monthly stipend from my institute. I don’t know if after my Ph.D I’ll stay here or not – and as such I’m not sure it makes sense to open a retirement account in the US. My old retirement account in my home country does not allow c…

Thinking about retirement at 55 I am a few years away however, thinking about taking the retirement at 55 if my employer allows it (I think they do) and draw from my 401k. Most likely will continue to do side work or consult on my time. ​ When taking 401k draws, is there a minimum/maximum per month or year? submitted by /u/methos3000bc

Planning for retirement I’m currently 45 years old and working on trying to figure out how aggressively I need to be saving for retirement right now. I currently make 115K and am single with no children. I am vested in a pension plan which will provide me at least $5400/month in retirement even if there are no major changes in my salary other than yearly COL raises (I …

Best Retirement for Vanguard Got out of the military this past year and had to start a new retirement plan, I am not to familiar with this because I would use TSP. I have about 1k allocated to VTTSX from my new job working there for 6 months. Would it be safe to leave it as is or allocate it to another fund? submitted by /u/Specialist_Ad534

How am I doing with my finances? Worried about retirement. All, first time post here. Been lurking around. Finally decided to post. I am worried if I can retire well or not in 17 yrs. I am 43 years old. Married with 2 kids. Am I going to be able to retire? I started late in college, worked in restaurant for a few years before starting community college, then transferred to university and finished my bac…

Catching Up on Retirement Savings I’d like some advice on how to catch up on my retirement savings. I have about $103,000 in a pre-tax 457, which is well behind where I should be. I’m 50 years old and my annual salary is about $105,000. Long story short: I have a severe disability and I wasn’t sure I would make it to 50 (much less 65), so I didn’t prioritize saving for retiremen…

I don’t have enough saving for retirement and worried about futures I am currently 58 years old, worried about not having planned properly for retirement and needing to support my family, and my financial situation includes $300,000 in retirement savings, a $500,000 paid-off house, $20,000 in cash with no other debts, earning about $1,000 a month part-time while my husband earns just over $7,000 a month after ta…

Do we save enough for retirement? 28 (M) and 27 (F) with 2 kids under 5. My job pays $79,000 per year with a bonus that ranges from $5,500-9,000 each year. My wife is a teacher and makes $44,500 per year with 3 additional bonuses of $1,200, $3,000 and $6,200. Total household income of approximately $140,000. We currently have no debt other than our mortgage. $144,000 owed and ho…

How’s my retirement looking? I’m worried I’m behind on my retirement for my age and goals. I am 27 and would like to retire at the age of 55. My salary is currently $58k annualy plus a $4000 yearly bonus. I can afford to max out my Roth IRA annually and save an additional 12% towards my 401k. I also add around $120 per month to an HSA. Based on this information does it look…

52F and Have No Retirement. NONE. I have worked as a veterinary technician (we don’t make much), and in media, and in some other fields. I have a master’s degree and loans and about 20K in credit card debt. I secured a really nice paying job for the first time in my life and have about 10k in my bank account. I am scared to do anything with that money. As someone who had to live…

Tips for being your parent’s retirement plan I (26M – living in the US) recently found out how that one of my parents (64) has literally $0 to their name. My parents are divorced, and COVID basically knocked out this parent’s income streams, but they never stopped spending. They used to earn a lot of money (>$200K/year), and have continued spending $10K+ per month over the last 4 years and…

65 year old, no retirement I don’t know if this is the right place for this, but I thought I’d give it a shot. My mom is 65 years old and has no retirement. She came to the US in her 20s from Mexico and has had odd jobs sine then. She has some social security from some of the work, but no retirement investments. She recently sold an investment property that she had with a…

401 k what else can I do to save for retirement So I currently work with the state (CA) . I have a 457. What’s other ways to start saving for retirement. 401k? I also have a pension submitted by /u/Padilla24

Have cash but no retirement If you had 20k saved, but no retirement fund (middle aged), what steps would you take to build a nest egg? Imagine all bills are paid, no debt and an emergency fund is established. submitted by /u/UrAntiChrist

Not sure how to go about saving for retirement I hope I’ve come to the right place. I (22F) started a full time job 3 months ago, I currently make 16/hr (~33k/yr). My job uses empower for retirement stuff but, I have no idea what I’m doing honestly. Idk if this is an employer issue but in the portal, it’s showing 2 tabs under accounts. One says 457 plan, the other just says

Don’t understanding “vesting” in retirement contributions/”Are we saving enough?” This post started as a simple “are we saving enough?” but has evolved by having a wrench thrown into this that I don’t really understand. My wife and I are in our mid-20’s, and together make good money but live in a MCOL/HCOL area. Due to a couple of emergencies and life circumstances (as well as, I’ll be honest, some unnecessary discretionary t…