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Posts: 160

Don't you roll me! I'll just re-post. -- (link)

Posted by ty97 Nov 1 '17, 10:53

(No message)

https://twitter.com/JeanChatzky/status/925712870179995648 (twitter.com)

Responses:

Is that at 60 have 8x the salary you had when you were 30 or have 8x your current salary at 60? Why? -- nm - Max Nov 1, 11:20 2
- Your salary at the specific age is how I took it. - Will Hunting Nov 1, 11:26
- I assume it #X annual income at each specific age. -- nm - ty97 Nov 1, 11:25
At 40years old, at 2.5x, but given some conservative assumptions (2% raises, continuing 401k matches, 8% annual return) - Will Hunting Nov 1, 11:16
does this include equity in your house (value less mortgage)? -- nm - Beaker Nov 1, 11:10 2
- Unless you plan on taking out a heloc to fund your retirement, no. -- nm - znufrii Nov 1, 11:29
- see, this would be good! - Andie Nov 1, 11:13
heh -- nm - Mop Nov 1, 11:07
0*0=0 Not good. -- nm - Krusty Nov 1, 11:06 1
- I think I might be at the 30 level. Just 16 years too late. -- nm - JaxSean Nov 1, 11:08
What? LOL -- nm - JaxSean Nov 1, 11:06
counting pension contributions, I'm not *that* far off. -- nm - Reagen Nov 1, 11:00 1
- pen...uh,....pen....errr....sions.......what is this word? -- nm - ty97 Nov 1, 11:01
yeah, that's ambitious. -- nm - Andie Nov 1, 10:57
Hmm. If you factor in what my annual income was at 30, I think I just now got on track. -- nm - Beryllium Nov 1, 10:55 8
- I had only just begun to save when I turned 30. -- nm - znufrii Nov 1, 10:58 7
  - Basically the same here. I had a few small RRSP contributions, though. -- nm - Beryllium Nov 1, 11:00
  - I would be ahead of the curve if I hadn't gotten divorced -- nm - decline Nov 1, 10:59 4
    - Fortunately I got divorced shortly after I started contributing, so I didn’t have much of anything to lose. -- nm - znufrii Nov 1, 11:30 2
      - set me back 10 years, easily -- nm - decline Nov 1, 11:31 1
        
        Oof. -- nm - znufrii Nov 1, 11:34
    - yeah, that sucks :( -- nm - ty97 Nov 1, 11:00
  - this is the thing. a very large number of 20 somethings are just making enough to scrape by. -- nm - Andie Nov 1, 10:58
Yeah, I’m behind. -- nm - znufrii Nov 1, 10:54 13
- I was surprised the multiplier wasn't higher for my age group. - ty97 Nov 1, 10:56 2
  - Then again, I'm doing that math solely on my 401K, not considering my non 401K savings and investments. - ty97 Nov 1, 10:58 1
    - Right. Same, to an extent. -- (edited) - znufrii Nov 1, 11:31
- as are probably 90% of the country -- nm - decline Nov 1, 10:54 9
  - Don’t get me wrong, I’m probably in really good shape compared to most of that 90%. -- (edited) - znufrii Nov 1, 10:56 7
    - So. many. spreadsheets. -- nm - ty97 Nov 1, 10:57 6
      - 4, in fact. (Used to be 5) - znufrii Nov 1, 11:00 5
        
        oh, I have stock units vesting this month! - ty97 Nov 1, 11:00 4
        
        [deleted] 3
        
        I do consider all the other spreadsheets I could be building. -- nm - ty97 Nov 1, 11:15
        
        point of order: like he'd have been doing something productive with that time otherwise. -- nm - Reagen Nov 1, 11:04 1
        
        [deleted]
  - [deleted]

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