How much do you have in your 401K or similar retirement plan anonymous poll

[spartanmanor]

How much do you have in your 401K or similar retirement plan?

I just heard the average American savings it a tax deferred retirement fund is $80K

This is an anonymous poll.

No politics please.

 

[240sx4u]

You almost have to add a poll for age too for it to have any meaning IMO.

Oh, and there is no poll

 

[spartanmanor]

You almost have to add a poll for age too for it to have any meaning IMO.

Oh, and there is no poll

This is all anonymous and really is just a curiosity thing. I know the older you are the more you should have in savings.

The poll is up it took a couple of minutes to fill out all the spaces. You have to make the poll after you post.

 

[240sx4u]

Ahh okay.

 

[spartanmanor]

I personally would like to have my house paid off and have between my wife and myself 8 years of our combined income saved.

 

[hjames]

Still working on paying off the house - but - we started late!

 

[mfhale]

We're nowhere close to being able to retire, that's why I play the lottery. :thmbsp:

 

[Dee Mento]

I have billions to retire on if I convert my money to Rwandan Francs.

 

[usedto]

I don't have a 401K. I invested my money in property. Does the value of the dirt count?

 

[gearhound]

My wife and I paid off the house 2 years ago.
Between SS, my wife's 401K, and my RR pension, we *SHOULD be good-to-go.
*Baring SEVERE medical problems, weather related 'acts-of-God, etc.


Steve

 

[RichPA]

You do really need age to make it meaningful, but it's an interesting question.

 

[spartanmanor]

I don't have a 401K. I invested my money in property. Does the value of the dirt count?

We have both.

 

[jsisk]

When the recession hit I had to drain my 401k to keep my business afloat.

 

[anytune]

I own my home and car outright. No outstanding debt of any kind. $100k in 457 retirement; $80k in separate investment account. I make max monthly contributions to deferred comp and Roth IRA. No wife, no kids, no worries -- and please, no hurricanes.

 

[uxwbill]

I have no money in a retirement plan, because I spend it all on stupid stuff from eBay.

That's a joke. At around age 29, I'm on the low end of the scale thus far, but not doing too badly. My daily driver is paid for (and unencumbered by any sort of lien). I'm about halfway through paying for my "Roach Palace" house and the two lots it sits on.

(The Roach Palace isn't livable, but it was effectively "free" given what I paid for the two lots it sits on. I'll knock it down in the near future and put something nicer up as time and money allow.)

I'm saving money in other places as I can do so, and have gotten through an episode of being stupid with credit cards.

Just an observation on the data collected so far--I'm surprised that the $0 option is leading the pack!

 

[Splatter Pak]

My first 401K was up to about $6,000 when the recession hit, and the money evaporated. My second was about $1,600 when I quit, and given what happened before, it cashed it.

 

[usedto]

We have both.

I mean for your poll - or do you just want 401K money?

 

[spartanmanor]

I mean for your poll - or do you just want 401K money?

Just 401K. I am with you though our best savings has been with real estate.

 

[similost]

I got a little.. I've never had jobs that had 401's until about the last 12 years... I had to take the cash last time I wasn't working, but then found out I was better off than I thought, so I really didn't need to have taken the money.. HOWEVER... I put a chunk of it in saving, so it actually made a little interest rather than lost a lot when the markets went bottom up...

Honestly, I don't expect to make it to retirement.. or at least be able to retire and live on savings.. I like spending money too much.. or at least like stuff... and with as much as I smoke and drink, I figure internal parts will give out before my mind and hands do..

If nothing else, there's always the federal retirement plan to fall back on.. .you find a federal bank... and grab your walker, and go in and tell them you want all their money.... You'll be sure to be set for the rest of your life with three hots and a cot, along with some medical..

 

[RossW]

I just started putting money in my 401k this year because my company started offering matching. I'm only 25 though so I have plenty of time.