50 upvotes, 3 direct replies (showing 3)
View submission: Living with no Retirement money
As a single person with a paid for modest home. SS pays all the bills. I didn’t have any money for retirement until I got my last job, after never working for more than two years before a layoff. I’ve been through eight layoffs a couple at the same place. I contributed to a 401k at age 36 and put half my raise in every year until I was doing 20% a year. Finally laid off at 60 for the last time. This last part is off topic but shows starting at 36 you can still save more money than you can spend in retirement. Today my 401k went up $3800
Comment by westcentretownie at 06/02/2025 at 01:20 UTC
8 upvotes, 0 direct replies
Say it louder for the people in the back. 👏👏
Comment by BraveG365 at 06/02/2025 at 03:07 UTC
6 upvotes, 1 direct replies
Your SS must be pretty big to pay all bills and not have to touch your 401k
Comment by nwf1 at 06/02/2025 at 23:49 UTC
2 upvotes, 1 direct replies
You were putting 20% per year into retirement and have $3800 in there?