[continued from previous message]   
      
   over my 50 year working career.   
      
      
   Hunter   
   11 hours ago   
   For the 65-74 group, they state that the "Average retirement savings" is   
   $609,230.  If that is true, I'm about 50% above that.   
      
   Then they talk about the "Average Net Worth" for 65-75 year olds being   
   $1.78M.  In that category, thanks to recent market drops, I'm only at   
   about $1.1M.  Thankfully, I haven't had the need to access any of those   
   Roth or brokerage accounts.  Yet.   
      
   Andy   
   13 hours ago   
   I think the US Dollar is being devalued by inflation faster than the   
   official numbers reflect. And increasing GDP only matters if trickle   
   down is still a thing - but people like Musk and other Master of the   
   Universe with their $1T pay packages leave very little for their   
   investors and even less for the workers (which they don't need anymore).   
   Things are bleak - $1M won't mean much in the near future.   
      
      
   Big Blue   
   13 hours ago   
   401k's are a fairly modern retirement fund so a lot of the people   
   retiring didn't have a lifetime of work funding it.  The next generation   
   to retire will, and you'll see "most" people hitting that million mark.   
      
      
   J   
   13 hours ago   
   They always throw in that "maintain your standard of living". Let me   
   tell you from experience, money isn't what changes your "standard of   
   living", Father Time does. Parts wear out, the rubber on the tires isn't   
   as thick as it used to be and there is no such thing as a "20 minute oil   
   change". So, if you want to "party hearty", ya better get it done early.   
      
   Frank   
   2 hours ago   
   We focused on income stream.  In my fifties, I set my sights on a career   
   that would provide a pension and decided to draw SS at 67.  Friends   
   thought I was crazy to work for less money but, now that I'm retired,   
   we're living off of annuities from 401k, a modest pension, and SS.   
   Those three sources come to around $90k/year.  To maximize that income   
   stream we moved from CA to SC and currently have no debt, with house and   
   car paid for.  Our available cash, $350k, is invested in low risk low   
   return products.  We feel like our decision to approach retirement by   
   being frugal was better for us than pushing to earn/invest.   
      
      
   Ω2A   
   15 hours ago   
   Considering that I worked 45 years and didn't make $1M in the totality   
   of my working, and most people are in the same boat, the number of   
   people is very low.  Anyway, by the way things are going, instead of $1M   
   for retirement, you will need $1B in another 45 years to equal the same   
   amount.   
      
      
   srt   
   1 hour ago   
   I think it’s better for individuals to focus on their finances and   
   retirement goals instead of looking at everyone else. If your fiscally   
   responsible throughout your life which includes investing and of course   
   have some sort of career you’ll be fine   
      
      
      
   1 hour ago   
   That 401K is just one part of our retirement plan. Even though we have a   
   net worth of 6.5M with no debt at 53, none of our 401Ks by themselves   
   are at 7 figures yet since we left them in our previous employers’   
   plans. The other parts of our retirement plan also include Roth   
   401K/Roth IRAs, brokerage accounts, HYSA, and no debt with a home we   
   paid off a decade ago. The next part of our retirement plan was   
   transitioning our professions to the public sector for the pensions   
   about 8 years ago. We took a pay cut but the tradeoff is we will retire   
   at 60 with 120k from our pensions alone. The final part of our plan   
   began 6 years ago after becoming debt-free.  We started spending all our   
   net income after maxing our Roth 401Ks/back door Roth IRAs and upgraded   
   our lifestyle to enjoy life and see the world with our kids.   
   Time/health aren’t guaranteed and no amount of money can change that.   
   Do your research and take advantage of all avenues available to you.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)