Post by Velar Fricative on Dec 5, 2014 22:45:12 GMT -5
I was prepared to just cry but...I'm actually not *that* far behind where I should be in terms of my 403(b) contributions (I've never worked somewhere that offered a company match). I'm also counting on a decent state pension upon retirement so keep your shit together until I retire, New York.
This is a tough chart for us because our HHI has more than doubled in the past 5 years. So we would have been on track before, but are not because of the big income change. We are working on it.
Huh, I'm not doing to bad. I'm on track with my current part time salary and not too far off my regular salary. Apparently having a low HHI works for me here.
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DH has a little more then recommended, but it's the lowest salary anyway, so there's that. I have a big fat zero. Hopefully that will change if I can find work.
Yeah, we're behind quite a bit, but our income has increased dramatically over the last ~5 yrs and we contribute double the assumed amount, so I'm going to call it good.
I'm on target but DH is pretty far behind so I'm not feeling too comfortable about it. Plus fyi, plenty of people make about 20-30k in my area (heck, I don't yet make 50k to be frank) so I'm kind of irritated that they set the lower benchmark at 50.
the most important factor to look at is the percent times your salary. So at 30, you should have 1x your salary saved, at 35 1.5x your salary, regardless of what your salary is today. I would disregard any thing that tells you to have less than 1x your salary saved by the age of 30.
I was hitting the benchmark no problem for 30, but now I'm 34 and somehow I think I might be a little behind again. Time to crunch the numbers. A good suggestion is to take your yearly raise and put that into your 401(k).
So for the last 2 years I've worked part time. Do I base it off of my part time salary or should I use what would be my full time salary? The majority of the years I've been saving, I worked FT.