The Avg 45 to 50 year old has how much in cash and investments

I'm guessing most that post here are fairly proud of themselves and it compels them to post. So if you're reading this and feel behind, it's because you're likely seeing the more successful people on these boards contributing to this thread.

Here's where I'm at:

Salary: $50k take home

Family: wife and 3 kids under 10 yrs old

Home equity: $250k (Only because of market inflation. I owe $35k less on it than when I bought it 8 years ago)

Checking/Savings: $8k

401k: $85k

Own one car worth about $7k and have a $250/mo payment on another vehicle worth about $20k ($10k equity in it).

I know, it's a little tight. We don't have a budget other than "don't buy things we don't need"

^38 yrs old

But what's your 5k PR?

He's probably right, but it's not relevant. More import is the fact that Edward Jones charges big fees and sells complicated investments. You'd be better off reading up a bit and then indexing on your own.

Rather than joking all the previous posters as I previously did, in all seriousness, life insurance is a must if you have people who depend on you. Whether that is whole or term life insurance research them heavily and just get one. Personally, I have term insurance because I invest my money in different ways but there are certainly pros and cons to each.

As for money wrapped up in the stock market, everyone should have some sort of IRA or 401k/403b. I don't put much more money in the market other than retirement. I can get a better return than the market with my business so I choose to invest more on that side of things. Everyone's situation is different but in the end if you do not have diverse investments, you will greatly regret it when you are older.

30 yrs old

$40k brokerage account (up 26% from original investment)

$50k 401k (up 1% over 7 years, thanks Biden)

$90k annual salary earnings

own vehicle worth $6k and maybe $10k total other assets

The less you have saved, the more dependent on the government you'll be. Just like DC wants.

The average middle aged person doesn't have jack in bank. If you have enough to not work for a year at that age and survive, you are above average for sure.

I am interested in this.

Not looking to slam you in any way as I FULLY believe there's more than one way to skin a cat, and with you owning 7 rental homes that generate income, sounds fine by me, but, what I am interested in is the $500k in cash.

Actually, here are all my questions:

1) Does that $500k have an intended specific purpose? You appear to be someone who invests money to make money (rental homes, some in the market, some other investments), so what's with $500K sitting on the sidelines?

2) Why do you own 5 cars? I own 3 cars (likely to go down to 2 soon), so it's not like 5 is that many more, but do you have people in your household who drive them? Are they collector cars?

3) Curious about the value of your rental homes and what you owe on them in total.

Again, not planning to slam or even question your decisions here at all. I am just honestly curious.

Thanks.

This may have been good before inflation but not sure about it 15 to 20 years from now. Prices are going up in everywhere. Only solution left is to move to lost cost of living states or country.

Damn bro it’s like you just learned you live in America.

Calling BS on this unless help from Daddy, Mommy/rich uncle. Especially with the house on that income.

24 years old:

Salary: $99k

401k: ~$25k

Mutual Funds + ETFs: ~$7k

Checking/Savings: ~$4k

Own a car that's paid off but don't think a 2011 Honda CR-V adds much here

Total: ~$35k

43

1mil brokerage

700k in Tsp

600,000 cash....

The sheer volume of Fed Employees on here is shocking.

Doing well at 46. Life insurance is a must and I’m hoping my occupational disability insurance is my worst investment.

My husband and I's net worth is 5.6M. We are making around 450K right now, but I don't work consistently (took 1+ years off after each of our kids were born), so our income is often more like 250K. About 1.3M of that is property equity. A huge portion is in accounts like Roth IRA, 529, HSA, etc. My husband has had a couple startups pay off for him, and we both starting investing young. I was putting money in the market when I was a 22-year-old PhD student living off 22K in a dorm room.

I should add that we don't have an "investment advisor." We mostly invest in index funds. I like to play the market a bit for fun, but only with small amounts of money.

Great to see so many with really great savings. So important to start early. To those who chose to downvote posts on people who have saved money- either your jealous or don’t understand the importance of saving.

Semi-recent grad.

32 y.o.

90K in RRSP, 40K in TFSA (Canada), both in equities and both down quite a bit YTD

About 60K in corporation cash reserves, just created the corp this summer.

About 15K cash on hand

Owe about 115K on a professional student LOC at Prime - 0.25. Owe another 35K in zero interest student loans.

Owe about 960K on two properties (? maybe 1.1 to 1.2 million value right now)

Still feel awash in debt but climbing out pretty well. Corporation brings in around 400K per year and paying myself a salary of around 225K. Plan to start investing within the corp soon.