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Re: Anyone in the age group of 30-39?
Old 07-31-2006, 02:58 PM   #21
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Re: Anyone in the age group of 30-39?

When we were 30 we had a negative net worth.
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Re: Anyone in the age group of 30-39?
Old 07-31-2006, 03:43 PM   #22
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Re: Anyone in the age group of 30-39?

I'm 32 and DH is 36. We currently own a couple investment properties in various stages of "flip" and therefore we have a slightly negative net worth. In another year or so we'll be in the positive.

I hope to retire between 50-55, but I'll be taking some time off in there to have and raise some kids, and then perhaps work part time while they are in school. I need to be full time when then kids are in college in order to get the 75% tuition discount. Ok, I don't need to; I'm choosing to, and this could all change.

DH doesn't talk about retirement. His ADD brain needs to be busy all the time and he really loves his work. I'm hoping that will change, too.
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Re: Anyone in the age group of 30-39?
Old 07-31-2006, 03:45 PM   #23
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Re: Anyone in the age group of 30-39?

Same applied to us. When we were 30, our net worth is around -30K, mainly because of student loan.
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Re: Anyone in the age group of 30-39?
Old 07-31-2006, 08:02 PM   #24
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Re: Anyone in the age group of 30-39?

Quote:
Originally Posted by SLC Tortfeasor
Wow, well I feel like a big loser compared to the rest of you here. I'm 30, with a net worth of about $90k.

I'm not sure I want to be fully retired until I'm at least 70 -- I think it will be good for me to have a little something going on workwise no matter how much money I have. But I'd like to leave the rat race and just work part time at low stress, relatively fun jobs in my mid 40s. My plan is to save and invest as much as possible between now and then.

Where do I plan to retire? Not sure at this point.
SLC,

Don't feel so bad, I didn't get my sh** together and a real job/career until I was 28, and then we had 2 kids. I'm 31, and we've got around $35 K saved so far. I've got no idea when we're going to retire. We're just working on sticking to the budget now.

- Alec
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 09:24 AM   #25
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Re: Anyone in the age group of 30-39?

Heck, if you want to feel bad, take a look at some of the folks on this board who bought properties in NYC, joined the right investment bank/hedge fund/PE firm, or inherited a bunch (though I haven't really seen anyone admit to that one), and you'll feel a lot worse. Some of them are millionaires before they are 30.

Remember, this board is filled with the top 5% in terms of drive, education, luck, and/or street smarts. (Yeah, try to dispute that one. No, we're an undriven, uneducated, unlucky, and stupid bunch!)
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 10:30 AM   #26
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Re: Anyone in the age group of 30-39?

I'm 36, single, have about $330K saved up in various accounts, and I'm 1/3 owner in a house that I owe about $85,000 on, and in today's market is probably worth about $600K.

I've been maxing out my 401k lately, and doing the Roth IRA thing. I had been putting in $1300 per month into mutual funds on top of that, but I'll probably have to cut that back as I'm starting to get a little cash-strapped with some home projects that are coming up.

Right now my goal is to be retired by the time I'm 45. Earlier would be nicer.

As for where I want to move when I retire, I honestly have no idea. Part of me would like to stay where I'm at, but once I don't have to work anymore and most of my older relatives in the area have passed on, I'll probably go on to someplace cheaper and less crowded than the Maryland suburbs. But I really haven't given much thought to where. One thing I like about where I am is that I'm close to DC, Baltimore, and Annapolis, but looking out my front door it looks like you're out in the middle of nowhere. Well, if you ignore the spot where the road goes from a 30 foot right of way to 90, and the McMansion orchard off in the distance. :
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 10:39 AM   #27
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Re: Anyone in the age group of 30-39?

35, DH is 43. Plan is for him to quit at 50, then me at 50. We'll stay here in Charleston but plan to do a good bit of RV and boat travel.
We have about $100k in retirement (401ks & IRAs) and will have the house pd off in 5 yrs (worth maybe $450k). We are saving about 50% now, but got a late start thanks to a lot of fun in the past 15 years that I do not regret.
Sarah
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 10:48 AM   #28
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Re: Anyone in the age group of 30-39?

Im almost 34. DW is older* We are on track to retire in 2010 -2013 . Basically if nothing terrible happens and the market does 0% or better we should retire in that time frame. Of course you cant predict what will happen but then again it beats not planning at all Obviously any kind of long term bear market will change that!
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 10:57 AM   #29
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Re: Anyone in the age group of 30-39?

31 (for 17 more days!) DW is 30, our net worth is ~$375k BUT over $250k of that is home equity, so measure that how you want. We have three scenarios for ER, one has us out when I'm 45 (very optimistic) one has us out when I'm 50 (doable) and one has us out when I'm 55 (worst case scenario - the house will have been paid off for 6 years at that point).
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 11:04 AM   #30
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Re: Anyone in the age group of 30-39?

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Remember, this board is filled with the top 5% in terms of drive, education, luck, and/or street smarts.
Good statement....I think that pretty much sums it up.....
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 12:01 PM   #31
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Re: Anyone in the age group of 30-39?

I turned 30 this year and so will DW.
Our NW is just north of 275k, and we're trying to be diligent with our savings.* Would love to chuck it all at 40, but it's hard to say, with youngins, the market, and the constant issue with the health insurance industry.* Maybe we just work part-time... hard to say at this point.* But it doesn't stop me from kicking it around in my mind a lot.

Savings give you options... and in my mind, that is what is important.
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 12:37 PM   #32
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Re: Anyone in the age group of 30-39?

Quote:
Originally Posted by xmanz3
At what age are you planning to retire?

What is your retirement plan and how is your net worth today?

Where are you planning to retire?
I am 37.

I plan to retire at 52 and my current NW is about $700K.

Probably a small town in NH.

Karen
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 01:39 PM   #33
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Re: Anyone in the age group of 30-39?

Oh the planning where to retire part. Well not in California. We will sell the house make a nice profit and move someplace that isnt quite as expensive. I know everyone gripes about Californias moving to their state but look at our housing prices you can tell why! :
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Re: Anyone in the age group of 30-39?
Old 08-01-2006, 06:19 PM   #34
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Re: Anyone in the age group of 30-39?

I'm 38 and my old lady is 35...I hope to exit this game at 50.

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Re: Anyone in the age group of 30-39?
Old 08-02-2006, 03:15 AM   #35
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Re: Anyone in the age group of 30-39?

I'm 36. I'd love to retire before 50, but last time I did some realistic forecasting 50 is highly optimistic and 55 isn't guaranteed. Maybe by the time I get there 60 will be "early".

Plus I'm not married and may want a wife & kids, so there are too many things that could happen between now and then to even "plan" on retiring at a particular age.
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Re: Anyone in the age group of 30-39?
Old 08-02-2006, 12:02 PM   #36
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Re: Anyone in the age group of 30-39?

BMJ, can I set you up with my cousin?
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Re: Anyone in the age group of 30-39?
Old 08-02-2006, 12:07 PM   #37
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Re: Anyone in the age group of 30-39?

I'm 34, and hope to retire at about 45. I have about $200K in the bank (thanks to a big profit on a home sale), and save about $1400/mo. I will retire probably in Va, but would like to travel LOTS during retirement.
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Re: Anyone in the age group of 30-39?
Old 08-02-2006, 05:34 PM   #38
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Re: Anyone in the age group of 30-39?

Quote:
Originally Posted by Laurence
BMJ, can I set you up with my cousin?
Sure, send a photo...of her retirement account statements.

She doesn't mind that I have no job and live with my mom, does she? (Both true but temporary.)
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Re: Anyone in the age group of 30-39?
Old 08-04-2006, 12:02 PM   #39
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Re: Anyone in the age group of 30-39?

Quote:
Originally Posted by BigMoneyJim
Sure, send a photo...of her retirement account statements.

She doesn't mind that I have no job and live with my mom, does she? (Both true but temporary.)
Ah, you'll never hear from Laurence or his sister again.

Let's try to phrase your situation differently. Currently independently employed as a consultant. Housing situation: non-traditional. Looking to expand into diverse areas of business. See, same crap, much better wrapping.
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Re: Anyone in the age group of 30-39?
Old 08-04-2006, 01:45 PM   #40
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Re: Anyone in the age group of 30-39?

Eh, you would thank me for setting you up with high velocity lead projectiles. High maintenance is putting it lightly. She's six feet tall and pretty rockin' (it's my wife's cousin, not mine, so I'm allowed to say that), but she's a single mom (to a cute little girl a little older than Tori), negative net worth, can't settle on a career path in her late 20's.

....but she really likes older men!
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