Recent content by saltydog

We are 33 this year, two kids, one more on the way very shortly. NW at 225K inculdes three college savings plans. Currently saving 37% of pre-tax for all needs, not just retirement. Don't have a house or mortgage (in the military). Would like to call it quits about 50 and head to the woods...

Thanks for the insights. I wasn't looking for the benchmarks in order to pat myself on the back, I was just looking for another way track my forward progress. I've done the comparison of life earnings...at about 50% for single income with three kids, but since I am in the military and do not own...

Does anyone know of benchmarks for personal net worth? I saw an article years ago that stated them, but can't recall beyond something like 3-5x annual gross income for someone at about 35. I know the wealth accumulation formula from the "Millionare Next Door", but that is not neccessarily the same.

Currently at 37% of gross income. About 20% of GI goes into tax advantaged accounts. The reaminder heads towards 529s for three younings, non-tax advantaged savings, and some short term savings. I have no housing expenses (nor a house either) and am eligible for a pension in 9 years at which...

A few years ago I came across an article that gave benchmarks for personal net worth stated as "x" times your annual income. The benchmarks were stated for age brackets (30s, 40s, 50s, etc), and I vaguely recall that for someone at about 35, the benchmark was 3-5x gross income. I know from...