sugarcubesea
Dryer sheet wannabe
Just turned 56 and I hope to be able to work for 10 more years. Husband lost his job in 2010 at age 52 and has been unable to find direct hire work since then. So we have had at least every year since then half a year of unemployment with him.
I'm currently saving my max in my 401K, I have 2 kids to get thur college and have only about 208K in our 401K for retirement as we had to use husbands 401K to live on for a few years after he was downsized.
We will have one pension that will give us $15K a year and one that will give us $1,200
What can we do know to save more? Husband currently has a contract job till September and then I will have to reduce my 401K contributions due to paying all the bills again. He has not contributed to a 401K since 2010.
I have suggested selling our house to have less costs. I looked on the SS website and I would get $2,500 per month & husband would get $2,000
I'm currently saving my max in my 401K, I have 2 kids to get thur college and have only about 208K in our 401K for retirement as we had to use husbands 401K to live on for a few years after he was downsized.
We will have one pension that will give us $15K a year and one that will give us $1,200
What can we do know to save more? Husband currently has a contract job till September and then I will have to reduce my 401K contributions due to paying all the bills again. He has not contributed to a 401K since 2010.
I have suggested selling our house to have less costs. I looked on the SS website and I would get $2,500 per month & husband would get $2,000