36 - waiting for 59.5
Some background:
Age - 36
Married (SAM) - 2 children (3 and 6)
Annual Income - $150,000
Current Retirement Savings - $380,000 (all tax deferred)
Emergency Fund - $30,000
Debt - Mortgage of $275,000 and $600 car payment for another 3 years
Yearly Savings - $45,000 to 401k (including employer contribution)
Allocation - 80% S&P Index - 15% Small Cap - 5% Bond fund
Desired retirement age 59.5
Desired retirement income - $100,000 (in todays dollars)
I feel that I am on track but most retirement calculators and paid financial advisors seem to want me to save more. I am skeptical of the financial industry advising me to save more since I feel they have significant financial motivation to get me to invest more.
Some background:
Age - 36
Married (SAM) - 2 children (3 and 6)
Annual Income - $150,000
Current Retirement Savings - $380,000 (all tax deferred)
Emergency Fund - $30,000
Debt - Mortgage of $275,000 and $600 car payment for another 3 years
Yearly Savings - $45,000 to 401k (including employer contribution)
Allocation - 80% S&P Index - 15% Small Cap - 5% Bond fund
Desired retirement age 59.5
Desired retirement income - $100,000 (in todays dollars)
I feel that I am on track but most retirement calculators and paid financial advisors seem to want me to save more. I am skeptical of the financial industry advising me to save more since I feel they have significant financial motivation to get me to invest more.