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Sorry to hear that
Author:
WoodstockIrish
(14677 Posts - Original UHND Member)
Posted at 3:15 pm on Jun 25, 2025
View All
(no message)
Replies to: "Sorry to hear that"
Vanguard average and median 401(k) balances...I mean, wow.
[
LINK
]
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NedoftheHill
- 9:32pm 6/24/25
(12)
[View All]
Unless the law changes, if you are 50+, catch-up contributions have to be Roth in 26
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LanceManion
- 6:27am 6/25/25
We are not a nation of savers
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WoodstockIrish
- 8:03am 6/25/25
At even the highest payment rate, if you get individual SS at 62, it is around $2800.month.
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LanceManion
- 11:48am 6/25/25
You need 401K plus maxxing out Roth in your 20s to have a decent retirement in your 60s.
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iairishcheeks
- 4:05pm 6/25/25
Not smart taking it at 62..it goes up 8% each year you wait.
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WoodstockIrish
- 3:15pm 6/25/25
Yes and no.
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jakers
- 12:37pm 6/27/25
If I was 62 I'd take it and invest it in crypto.
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iairishcheeks
- 8:57pm 6/25/25
Agree. Waiting is the way to go.
[NT]
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LanceManion
- 3:24pm 6/25/25
At age 63, Social Security and home equity is all my wife and I have
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MarkHarman
- 11:08am 6/25/25
Sorry to hear that
[NT]
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WoodstockIrish
- 3:15pm 6/25/25
If you ever do a reverse mortgage, try to do it when interest rates are low. Higher rate means
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LanceManion
- 11:44am 6/25/25
Thanks for posting this…kids in H.S., and certainly in college need to understand that basic concept
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TyroneIrish
- 10:23pm 6/24/25