Personal Finance and Investing

GreenMask

(48 posts)

11. Younger guy here...

Reply to Common Sense Party (Original post)

Fri Jul 13, 2012, 10:20 AM

Jul 2012

I haven't made more than $50k/year yet, but am out of debt (other than house) and employer-provided insurance. Maxed out my 401ks, used ROTH IRA's, and highly diversified (which is the common problem in many 401k's) - I have accounts which didn't lose money and some which dropped significantly, but have about 6 figs saved up in various retirement facilities. Which reminds me, I need to roll over an old 401k into a traditional IRA...

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

12 replies

= new reply since forum marked as read

Highlight:

Secrets of the 401(k) Millionaires [View all] Common Sense Party Jan 2012 OP

Save more, save consistently, save longer...and you'll have a bigger nest egg. Submariner Jan 2012 #1

When did you retire? Common Sense Party Jan 2012 #2

Too much money.... AnneD Mar 2012 #6

"You can only begin investing a a certain income level." Common Sense Party Mar 2012 #7

Depends on the individual's circumstances but.... AnneD Mar 2012 #8

It definitely depends, since I know people earning less than $20,000 who are saving 3-5% of their Common Sense Party Mar 2012 #9

Again, you can save at any level.... AnneD Mar 2012 #10

Only with steady employment supernova Jan 2012 #3

What's that part about the 3.5% annual raise? JustABozoOnThisBus Mar 2012 #4

So would the 7% annual returns. Common Sense Party Mar 2012 #5

Younger guy here... GreenMask Jul 2012 #11

You sound like you're doing well. Common Sense Party Jul 2012 #12