Current Events > How much do you guys have in your retirement/401 k fund?

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Makeveli_lives
10/14/17 4:57:25 PM
#1:


And how old are you. I'm only 27 so I have no idea how much I'm "supposed" to have. Just got my update letter, I get one every 3 months, saying I have about 4800 right now. I have no idea if this is good or horrible or what.
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Uncle_Drew
10/14/17 5:06:02 PM
#2:


$0

I'm 23
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ChrisHanson24
10/14/17 5:07:08 PM
#3:


i invest in a taxable account because i intend to retire way before age 59
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Naysaspace
10/14/17 5:08:13 PM
#4:


My company doesn't contribute to RRSPs and pays poverty-line wages

No idea. Its stagnated for about 3 years. Probably nothing.
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NoMeLx22x
10/14/17 5:10:17 PM
#5:


I have 2 from my past 2 jobs that are probably about 7k combined. Wish I knew what to do so I can roll it into one or something with it since I don't work with those companies anymore.
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g980
10/14/17 5:12:41 PM
#6:


ChrisHanson24 posted...
i invest in a taxable account because i intend to retire way before age 59


Why not both
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g980
10/14/17 5:13:38 PM
#7:


Makeveli_lives posted...
And how old are you. I'm only 27 so I have no idea how much I'm "supposed" to have. Just got my update letter, I get one every 3 months, saying I have about 4800 right now. I have no idea if this is good or horrible or what.


Better than nothing but not even close to enough

Do some retirement calculators and save more when the fear sets in
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NightMarishPie
10/14/17 5:15:33 PM
#8:


I've only been working my first real job for about 6 months and have like 1000 in it. 23 btw
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NES4EVER
10/14/17 5:19:48 PM
#9:


21k in my registered accounts. Not sure about my work pension but I've been paying into it for 7 years.
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emblem boy
10/14/17 5:22:22 PM
#10:


Ive been working full time for about 2 years now and I'm 27 as well. I have 43k in my 401k. I've maxed out Roth IRA the past 2 years
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realnifty1
10/14/17 5:24:10 PM
#11:


To help TC out with the supposed(suggested, very few hit these, but they are good goals) goals are:
at 30 50% of one years salary
at 40 twice your annual salary
at 50 4 times your annual salary
at 60 6 times

and that is the goal for your total retirement savings, not just 401k, so once you settle down in your 30's you will want to start into other types of investments as well.
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AmonAmarth
10/14/17 5:24:55 PM
#12:


somewhere between 30-50 k.
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Makeveli_lives
10/14/17 5:25:12 PM
#13:


NoMeLx22x posted...
I have 2 from my past 2 jobs that are probably about 7k combined. Wish I knew what to do so I can roll it into one or something with it since I don't work with those companies anymore.

Better figure it out. When I lost my last job they sent me a check in the mail for the retirement funds I built up with them after like 2 years. Had to pay taxes and fees on it since it was cashed out so early so I lost half of it. That wasn't much either. g980 posted...
Makeveli_lives posted...
And how old are you. I'm only 27 so I have no idea how much I'm "supposed" to have. Just got my update letter, I get one every 3 months, saying I have about 4800 right now. I have no idea if this is good or horrible or what.


Better than nothing but not even close to enough

Do some retirement calculators and save more when the fear sets in

Only had my job for 2 years, assuming I'm putting in a percentage of my paychecks, contributions are going to be about 40% higher in a year and change.
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Yaridovich
10/14/17 5:26:03 PM
#14:


0 doubt I'll have anything ever in it
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