- 10 years ago
- Wedding: September 2010
@crayfish: Thanks for the unsolicited financial advice; however, I think my financial situation is different from most. I currently receive 1 tax free pension that is modified every year based on inflation and cost of living. When I retire, I’ll have another pension (this one taxed, but adjusts as well). I max my IRA (5K) and my 401K now (16K). To me, it doesn’t really matter whether or not I could have made more money in the stock market because I’m not dependent on the stock market to retire and live the lifestyle I live now.
Further, just because we can stomach different levels of risk, does not make me financially uneducated, just means I invest at the level that is comfortable for me.
I am not sure how much I have in my current job since I have only been there 7 months. But I contribute 5% and they match it at 9%. My previous job had either 2-3k in it because I wasn’t doing much with how much I was allowed to contribute. I really do need to roll mine over though.
I go out on a limb…. well i did !! I worked for a national retail chain that was bought out by another one … that has a red star in their logo. Anyway i made out like a bandit. My PATHETIC 401k split and i walked with a good amount. Now i’m more conservative, but then .. i played the riskiest investments … and Contributed the most i could afford. They matched up to 6% but after i paid off my car, I put in the amount i was paying for the car to the 401k. The time to play the risky game is when your young. AND put in as much as you can afford.
I needed a transmission so i pulled out some money from that .. and repaid it with in 30days … so no penalties
I have about $15K in my 403(b), which is the non-profit organization equivilent of a 401(k). And I have about $1K in a Roth IRA I just started a couple months ago.
My fiance is 26 and has about $27K in his 401(k) and $3K in his Roth IRA.
Sad thing is, we both graduated from college the same year! But I was unemployed for an entire year a couple years ago, and that really screwed up my investments. 🙁
Im so jealous of all you ladies! I didn’t know what a 401k was until (literally) about a months ago and I have been at my job for almost 4 years. Im 24 and only have about $150 in mine lol
I started mine about 2 years ago and I contribute $1k a month (10 months a year). I also right at the beginning put $5k into a ROTH IRA. I don’t keep very close track but I guess I must have a little less than $20k, plus the IRA. I wish I would have started sooner (I’m 30, started at 28ish) but at least I’m doing it now. I have a 403b instead of a 401k because I’m a teacher so no matching : (. Do companies still do that anymore?
I started my 401K when I was 25. I started with 5% of my paycheck and now, I am up to 20% (which is our maximum).
Do it as much as you can because you won’t see any of the benefit.
I only contribute 2% of my paycheck into my 401K. My employer doesn’t match and I’m still in my 20s.
I’m not sure the total amount in my 401k accounts, probably around 60k. I’m 30 and have been putting in 10-15% continuously since age 22.
I stopped following it too closely when it took a massive beating in 2008 – too depressing.
I also have a Roth IRA with about 10k in it.
Between 5 and 10k. I’m 26 but I’m a lawyer which means I didn’t start working until about 2 years ago. I also cut my contributions down significantly this year to help pay for the wedding. After the wedding both my Fiance and I are going to seriously up our auto withdrawals.
(also, its not a 401k, but a traditional IRA. Lawyers don’t get 401Ks… boo.)
I have $18k fully vested in my 401(k). I have another $5k that is not vested from my firm’s profit sharing plan (we get a lump sum on top of our individual contribution rather than a match).
If we are counting Roth IRAs (I rolled over my former employer’s 401(k) because their fees sucked) I have about $10k from my rollover in my roth, and $5k that I socked away on my own.
I am 23 and am extremely Type A. I grew up in a pretty poor household (in $$$ only… my parents are two of my best friends and did the best they could) and promised myself that my kids would not have to live through what I did.
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