Long time lurker, first time posting.
Ever since I started working, I've always contributed to my retirement account but never aggressively. Its always been 6-10%. I'll be 47 in a few months and just this year I realized how close I am to retiring. Years are now flying by...
I'm currently at $435k in my retirement accounts ( $385k in IRA, $4k in a Roth IRA(which i just started this year), $43k in a NQDC plan, and $3,500 in savings).
I've been working hard this year towards becoming debt free (except for the house). Paid off two credit cards and one car this year and should have my truck paid off in another year or so.
I just started hardcore saving this year. Once I cap out my Roth and have about $10k for an emergency fund, I plan to open a taxable investment account and put all I can in a low expense index fund.
Between my NQDC plan (which I hate because it pays out in full when I leave the company) and the money I put in Roth and the taxable investment account, I should be able to save around $40k per year.
I hope to retire at 60, but that may depend on the markets of course.
Am i really as far behind as I feel. I worry about it frequently and kick myself every day for not focusing on retirement goals earlier in life.
Ever since I started working, I've always contributed to my retirement account but never aggressively. Its always been 6-10%. I'll be 47 in a few months and just this year I realized how close I am to retiring. Years are now flying by...
I'm currently at $435k in my retirement accounts ( $385k in IRA, $4k in a Roth IRA(which i just started this year), $43k in a NQDC plan, and $3,500 in savings).
I've been working hard this year towards becoming debt free (except for the house). Paid off two credit cards and one car this year and should have my truck paid off in another year or so.
I just started hardcore saving this year. Once I cap out my Roth and have about $10k for an emergency fund, I plan to open a taxable investment account and put all I can in a low expense index fund.
Between my NQDC plan (which I hate because it pays out in full when I leave the company) and the money I put in Roth and the taxable investment account, I should be able to save around $40k per year.
I hope to retire at 60, but that may depend on the markets of course.
Am i really as far behind as I feel. I worry about it frequently and kick myself every day for not focusing on retirement goals earlier in life.