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Looking back, our retirement saving really started in the mid-late 30’s. No kids, two incomes and finally above entry level salaries. Continued through our 50’
by jleyank 4y ago
Looking back, our retirement saving really started in the mid-late 30’s. No kids, two incomes and finally above entry level salaries. Continued through our 50’s. Only out of school mid 20’s and married a few years after than. No chance to really accumulate then.
- kelnos 4y agoYeah, it's interesting that this is getting treatment that sounds like it's a new phenomenon. I was born in 1981, my family was comfortably middle class. I left college in the early 00s with a decent chunk of debt, and couldn't really start saving until I was nearly 30. Yes, I get that many college graduates today are saddled with more debt than I had, and inflation and rising housing costs aren't helping, but is it really that different? It seems like the severity is worse, but the tune is the same.
- zwieback 4y agoSame here, by mid 30s savings started becoming meaningful. I always interpreted the "always save some" mantra (which was a mantra as long as I can remember) as a way to form habits, not to really accumulate any large amounts of retirement funds.
- jleyank 4y agoSaving is good. Getting the 401k match is good. Have no experience with the cash flow requirement of kids or of hitting the startup lottery. But find the balance between today and tomorrow because too much of either isn’t a win. And things might not be quite what you’d like tomorrow.