The Emotional Shock of Retirement The end of your working life can bring conflicting emotions. Learn why retirement causes anxiety and depression, and how to prepare for the changes ahead.

Am I doing retirement and savings wrong? I’m 29, married, and trying to make sure I’m not massively missing anything important on retirement or saving. I’m in my state’s teacher retirement system (Alabama) which takes out 6%ish each paycheck. Wife is also a teacher in the system. Pension info says it takes the average of the last three years of salary and has a 1.65% multiplier. I also…

Am I really now behind on my retirement savings? 37, make $97k and contribute 17% to my 401k (including employer match). It’s always been in Vanguard “Target 2050” fund. I have $146k saved in my 401k currently. Vanguard is saying I am going to be $1100/month short and couple other ones are saying similar. How did this happen? I contribute a good amount and historically it’s always said I was…

Credit in Retirement Not my situation (anytime soon) but curious how people get approved for mortgages/loans/credit cards when in retirement, is the income just based on investment income/SS/etc? submitted by /u/mdwstnr

SAHM and retirement – Am I missing something? I (62F) see a lot of posts here as people struggle to figure out if they can afford to stay at home with the kids. I am also recently retired and subscribe to various retirement subreddits and Facebook groups. Some posts there are heartbreaking: A woman in her 50’s loses her husband to death or divorce and suddenly finds herself impoverished as …

Am I behind on retirement? I was reading on my Fidelity 401K that I am behind on retirement savings and should have 3 times my salary by 40. I am currently a 39 year old male and have just over 200K in retirement accounts. This is between 150K in my 401K and 54K in my ROTH IRA. This doesn’t include my HSA and brokerage accounts. I make 100K per year as my base salary befo…

Late to starting a retirement, but I have a jump start now. I’m self-employed and fast approaching the half-century mark in years. My original plan was work until I couldn’t anymore. I have a good amount of savings, meaning I can cover being out of work for 3 to 6 months. Now I’ve received an inheritance that I could use to jump start a retirement plan. It’s 3 or 4 times what I make in a year. It’s a lot…

Parents with no retirement or assets What happens to someone in their late 60s with health issues, no money saved for retirement, and no assets aside from a house with a mortgage? What type of public assistance is available? My husband and I each have one parent and they are likely a few months to years away from being in this situation and we are worried about what will happen to…

Focusing on saving for retirement first? I live in an HCOL city and see absolutely no point in buying a house any time soon as a childfree 32-year-old. My plan is to save 500k in my nest egg before 45 (hopefully sooner than that) before starting to save and buy a home. I am married, and our household income is about 200k before taxes with no debt. We did not make much in our 20s, so we…

How do I start preparing for retirement? Hi everyone. I’m 25 years old, I make 65k a year and I have 1k in savings. I found out that I only have 10k in my 401k and I was contributing 4%. I recently raised it up to 9% but I think that only goes up next year. My take home is usually $3800-$4000 a month. I spend monthly $1290 on rent. $250 max on all utilities $180 car payments and ha…

Retirement withdrawal question I have a question about how to calculate an appropriate withdrawal rate using multiple sources of retirement income. I am good at math and at Google, but haven’t found an appropriate strategy yet. I am 42, single, in a U.S. state with no income tax. I make $70k/year. I am not likely to increase my income much, but it will probably keep pace wit…

I can’t tell if I am doing enough to save for retirement? I am a 25M who makes 70k a year, I have a Roth IRA, HSA maxed and have a Roth 401k that is set to 10% contribution and I am getting a company match of 6%. I see a lot of posts on here and other subreddits about maxing your 401k, and while I could probably put a few higher percentage points from my paycheck I’m not really sure I need to and I wou…

Turning 40 with no retirement. So, my life has had a rather chaotic path which included being injured in Iraq, several medical hardships, homelessness, as well as going back to school as an adult. Over the past several years, I’ve been back in the workforce and building up personal emergency savings in the event of another medical event or, god forbid, unemployment. I’m final…

Advice for my parents retirement. Im 20f and my dad 50M recently took out his 401k and he screwed himself over pretty bad with taxes. He took it out because he was unhappy in his workplace and he said the amount of money was going down anyway. He’s an immigrant and didn’t have a lot of knowledge about how everything works. He took everything out and didn’t put it into another re…

Am I Oversaving for Retirement? I currently work for a state government and am working for a pension that, by the time I hit retirement, will pay around 51% of my highest (avg 5 year) annual salary each year. With this I plan to retire at the age of 54 as I currently have no plans to leave the state due to benefits, etc. My current salary is $65k, though I 100% expect that to …

Is there any point in trying to set up retirement now that I’m 33 and have no savings or retirement account? Honestly, I’m very discouraged. I guess my real question is, is there any possible way I will ever be able to retire, or should I just accept the fact that I’m going to be scraping by and working until I’m dead? Everything I see tells me that i should have started at 18, and I’m basically fucked now. I only make 44k a year, and my expenses are a…

How do you save more for retirement? Once you’ve maxed a 401k ($22,500) and maxed your IRA ($6,500 between traditional and ROTH) are there any other ways to save for retirement in a tax advantaged account? What am I missing? submitted by /u/garrettshannon

Parent – No Retirement I was hoping for some advice. My father is 60 years old. He has no retirement but has historically had high paying sales jobs ($80k – $150k) so has never struggled to pay for anything until the last company he worked for closed down. This was about 2 years ago, and he avoided finding a new job for a long while and lived off his savings (yes, he …

15% Retirement Savings Question Do you include bonus in your gross income for the 15% or just base salary? submitted by /u/Bovacious

Am I woefully behind on retirement? We started saving late in life. Late 30s now and only have about 35k in our 401k combined. We make about 120k per year including passive income from an investment property. I only have one home that I rent out but that’s almost completely paid off (owe less than 20k). It’s worth around 240k. I know our 401k is very very behind. Does the prope…