Retirement Talk
Out of context: Reply #10
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- kona0
43 and have been thinking about it (ok, my Dad has been jamming retirement down my throat) since I was 18.
Unfortunately, things haven't always gone as planned and I haven't stayed at a company for more than 4 years for a number of reasons. That being said, when applicable, I've always put 12% of my income into any 401k a company has offered.
Since 2005, I also have put the max amount per year into a roth ira which I set up through Ameriprise financial on top of everything I've saved into multiple 401ks.
I'm in talks with my money manager as how best to join my 401ks together into one... it's just such a pain in the ass.
My wife however has been at the same company for 18 years, absolutely killing it. Through the advice of my father she's been saving 12% per year and her 401k makes all my 401ks wet their pants.
Together her and I also utilize MSN's money guy, whom is a personal friend, to manage a couple investments we made a few years ago when her mom unexpectedly passed and left $.
I think we're ok but with 3 kids, fuck, I dunno. Thank God they're all pretty smart so hopefully there's a scholarship or two in their future.
- I need to chat with you on FB. 12% sounds like a shit-ton, and you've got 3 kids.mg33
- Yeah man. 3 kids. 2 car payments. Weekly daycare for 2 of our kids. Mortgage... My wife and I joke that once our kids are in school and our cars are paid offkona
- we'll have more $ than we know what to do with. It will be something stupid like an extra $3300 a month. It's absurdkona
- We definitely do the "when they're out of daycare" thing because what's that on average for two kids a year, like $23k?"mg33
- She handles that, I literally don't know what it costs a month.mg33
- 30k a year. I guess we're paying for the "academy" part of the daycare's name.kona