38Chevy454
Thinks s/he gets paid by the post
I am an engineer, work on things that make big mushroom clouds. Starting out was not able to max out the 401k/403b, but did make the contributions and got company matching at minimum. As career progressed I have not only maxed the pre-tax, but also have increased after-tax savings. My guess is near 40% total savings rate currently.
Moving out of high COL CA and to lower COL NM has had a significant effect. I have much lower housing cost (mortgage) than previous. Additionally pay less taxes, so both enable a high after-tax savings rate compared to before. I am in about OMY until retirement, but plan to transition to part-time in spring 2015.
Moving out of high COL CA and to lower COL NM has had a significant effect. I have much lower housing cost (mortgage) than previous. Additionally pay less taxes, so both enable a high after-tax savings rate compared to before. I am in about OMY until retirement, but plan to transition to part-time in spring 2015.