What's your age, net worth, and retirement age/goals?

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2 days ago 09/05/2025 5:09pm EDT

re: whats your net worth

Nearly 50 y/o

401k / pension accounts (aka taxable retirements): $1.8m

Roth: $35k lol

Personal account + savings: $100k

HSA (which I'm using as a retirement account): $90k

House equity: $1.6m I'd guess (I live in a big coastal city)

I'm married and my wife has a 401k/IRA accounts but I have no idea what's in them. I'd guess maybe $750k.

Kids college is pretty much all covered by 529 savings and will have the mortgage paid off in 4 years.

I'd love to retire early but not sure what's possible since we live in an expensive area. In theory it would be simpler if we sold up and moved somewhere cheaper but I'm not sure if we want to make that trade.

1 day ago 09/05/2025 9:34pm EDT

re: Yanomami

Yanomami wrote:
Rinse and repeat wrote:
you do realize btc is valued in us dollars, right?
if the dollar fails btc will follow right along with it.
Uh, no it won't. BTC is similar to gold, it will still be worth something.

actually it doesn't follow gold at all but nice try

1 day ago 09/05/2025 9:44pm EDT

re: BTSEE

BTSEE wrote:
That is incorrect. BTC is a store of value, the dollar just happens to be the easiest form of value/work/energy to convert. It(BTC) isn't really a currency at this point...at least not a highly accepted one. Will it be? Yes I do, as the dollar starts to tank more and more. Also, due to it being divisible into sats, it could easily be one. The dollar isn't going to collapse in one dark day, it will die a slow death. Not to mention in all this, BTC is global every currency can be converted.
There are only 21 million BTC that can be mined. It's finite and did I mention it is global. Not to mention there isn't an overseeing governing body to BTC. No one can control it. Back when money was being seized during the Canadian truckers convoy. BTC was the only asset that was unseized because it was impossible. Trudeau might be the BTC salesman of the decade...maybe him and Peter Schiff.
I'm not trying to criticize, but that is the thinking that is going to keep many people without any BTC when it starts to take on a bigger role in society. I have a friend that is the exact same way, stubborn as a mule and thinks BTC is a ponzi scheme. When in fact fiat is the biggest ponzi ever to go down. They (govt elites) are literally stealing your money out the back door through inflation. This is why the rich get richer, its a scam.

doubtful that btc holds any more value than anything else.

you are correct fiat is a ponzi scheme. the us dollar only remains stable due to the perceived strength of the US govt... unfortunately trump is very rapidly eroding that stability.

what you miss is that btc is the exact same thing... only has value because folks like you think it does... well, until it crashes

same for gold, yet it does have a long track record so perhaps it will hold value when the us dollar tanks

i do question that though because if the S hits the fan and there are bread lines... no one will be trading gold or btc for food because both are worthless when it comes to surviving.

so i give you partial credit for understanding part of the situtation

btw, if i had to choose between gold (an actual thing) and btc (a made up thing)... i'd pick gold every time.

1 day ago 09/05/2025 10:05pm EDT

re: whats your net worth

42, 68k cash, self employed, first year hitting over 100k in annual income, averaging avout 30 hours a week work. About 10 of those hours each week I spend learning about finances and business. Next year plan to work even less and earn more.

Retirement is somewhat a myth. Was a able to travel a lot in my 30s and had a ton of fun, met a lot of older people trying to travel and spend their reitement doing youthful meaningful things and they all said "I wish I did this when I was younger".

Retirement might eventually be sitting somewhere with a nice view of nature, rocking chair, friendly neighbors, grow and hunt your own food. Make things out of wood.

1 day ago 09/05/2025 10:58pm EDT

re: help desk

help desk wrote:
BTSEE wrote:
That is incorrect. BTC is a store of value, the dollar just happens to be the easiest form of value/work/energy to convert. It(BTC) isn't really a currency at this point...at least not a highly accepted one. Will it be? Yes I do, as the dollar starts to tank more and more. Also, due to it being divisible into sats, it could easily be one. The dollar isn't going to collapse in one dark day, it will die a slow death. Not to mention in all this, BTC is global every currency can be converted.
There are only 21 million BTC that can be mined. It's finite and did I mention it is global. Not to mention there isn't an overseeing governing body to BTC. No one can control it. Back when money was being seized during the Canadian truckers convoy. BTC was the only asset that was unseized because it was impossible. Trudeau might be the BTC salesman of the decade...maybe him and Peter Schiff.
I'm not trying to criticize, but that is the thinking that is going to keep many people without any BTC when it starts to take on a bigger role in society. I have a friend that is the exact same way, stubborn as a mule and thinks BTC is a ponzi scheme. When in fact fiat is the biggest ponzi ever to go down. They (govt elites) are literally stealing your money out the back door through inflation. This is why the rich get richer, its a scam.
doubtful that btc holds any more value than anything else.
you are correct fiat is a ponzi scheme. the us dollar only remains stable due to the perceived strength of the US govt... unfortunately trump is very rapidly eroding that stability.
what you miss is that btc is the exact same thing... only has value because folks like you think it does... well, until it crashes
same for gold, yet it does have a long track record so perhaps it will hold value when the us dollar tanks
i do question that though because if the S hits the fan and there are bread lines... no one will be trading gold or btc for food because both are worthless when it comes to surviving.
so i give you partial credit for understanding part of the situtation
btw, if i had to choose between gold (an actual thing) and btc (a made up thing)... i'd pick gold every time.

You may NEED help if you think shltcoin holds the same value as anything else. Gold is something tangible and useful as are commodities and companies that actually produce something. Shltcoin is just a bunch of hot air for those whose heads are filled with more of the same. What keeps it going is the enormous amount of retardation in the world.

1 day ago 09/05/2025 11:02pm EDT

re: whats your net worth

18,

unemployed,

$10000 in cash,

8000 in stocks,

5000 in student loans,

5000 in auto loans

1 day ago 09/06/2025 6:33am EDT

re: bogus millionaires

I suspect not. You would be blown away by my net worth. I was an engineer in Silicon Valley for almost 40 years and was lucky in my career and financial choices.

1 day ago 09/06/2025 7:21am EDT

re: oldmanriverhere

Wife and I are both 40.

Current NW = 7.1m w/ 1.2m of that in home equity

HHI = Spiked from 600k to 2m in the last 1.5 years. Took senior executive role at a mega corp.

Retirement Goal = 2-3 years or whenever we hit 8m liquid. Will likely pursue a secondary career as a teacher.

1 day ago 09/06/2025 7:29am EDT

re: whats your net worth

Damn, looks like I'm just poor white trash.

1 day ago 09/06/2025 7:37am EDT

re: Net Present Value

I'm 29 with 1.2m, 375k income per year as a swe at FAANG. Up a lot on B1tco1n

1 day ago 09/06/2025 10:59am EDT

re: whats your net worth

whats your net worth wrote:
Usane wrote:
Well what did the numbers come out to be?
that's what I'm asking as someone can do it for me?

You’ll have about $3 million. In 20 years that won’t be a whole lot

1 day ago 09/06/2025 12:02pm EDT

re: most won't believe it

Just turned 54. Work for local government.

$850k in 401k.

$400k in CDs, checking, etc.

$450k house, owe $80k on a 2.5% mortgage

Qualify for a pension at 55 that will pay around $40k per year.

Can't decide it I want to retire at 55 or not.

1 day ago 09/06/2025 5:49pm EDT

re: Dunnohow

Dunnohow wrote:
help desk wrote:
doubtful that btc holds any more value than anything else.
you are correct fiat is a ponzi scheme. the us dollar only remains stable due to the perceived strength of the US govt... unfortunately trump is very rapidly eroding that stability.
what you miss is that btc is the exact same thing... only has value because folks like you think it does... well, until it crashes
same for gold, yet it does have a long track record so perhaps it will hold value when the us dollar tanks
i do question that though because if the S hits the fan and there are bread lines... no one will be trading gold or btc for food because both are worthless when it comes to surviving.
so i give you partial credit for understanding part of the situtation
btw, if i had to choose between gold (an actual thing) and btc (a made up thing)... i'd pick gold every time.
You may NEED help if you think shltcoin holds the same value as anything else. Gold is something tangible and useful as are commodities and companies that actually produce something. Shltcoin is just a bunch of hot air for those whose heads are filled with more of the same. What keeps it going is the enormous amount of retardation in the world.

seems your reading comprehension needs help. that's what the guy you replied to said.

23 hours ago 09/06/2025 7:15pm EDT

re: Lefty Larry

Lefty Larry wrote:
Just turned 54. Work for local government.
$850k in 401k.
$400k in CDs, checking, etc.
$450k house, owe $80k on a 2.5% mortgage
Qualify for a pension at 55 that will pay around $40k per year.
Can't decide it I want to retire at 55 or not.

Why cut it that close. Work until 62 or 65 keeping your brain active and challenged and your 401k may be closer to $1.5m. You then won't have to worry about money in retirement. Don't forget about health insurance costs from 55-65.

23 hours ago 09/06/2025 7:33pm EDT

re: whats your net worth

to not be crucified by Catholics, Jews, Zionists, Nazis, Police, Democrats, Republicans, Muslims, environmentalists, atheists, or anyone else every again. Did I miss someone?

22 hours ago 09/06/2025 8:00pm EDT

re: chgray

chgray wrote:
Lefty Larry wrote:
Just turned 54. Work for local government.
$850k in 401k.
$400k in CDs, checking, etc.
$450k house, owe $80k on a 2.5% mortgage
Qualify for a pension at 55 that will pay around $40k per year.
Can't decide it I want to retire at 55 or not.
Why cut it that close. Work until 62 or 65 keeping your brain active and challenged and your 401k may be closer to $1.5m. You then won't have to worry about money in retirement. Don't forget about health insurance costs from 55-65.

Health insurance is the big question mark. My wife is 6 years younger than me and I can go on her insurance for quite a bit less than buying coverage on the open market. That's the hope, at least.

Really want to buy a second home and that may keep me working for a bit longer.

11 hours ago 09/07/2025 7:13am EDT

re: Lefty Larry

Lefty Larry wrote:
chgray wrote:
Why cut it that close. Work until 62 or 65 keeping your brain active and challenged and your 401k may be closer to $1.5m. You then won't have to worry about money in retirement. Don't forget about health insurance costs from 55-65.
Health insurance is the big question mark. My wife is 6 years younger than me and I can go on her insurance for quite a bit less than buying coverage on the open market. That's the hope, at least.
Really want to buy a second home and that may keep me working for a bit longer.

6 years younger? Wow. When did you meet her

10 hours ago 09/07/2025 8:29am EDT

re: Lefty Larry

8 hours ago 09/07/2025 10:09am EDT

re: Doctor22

44, married to another doctor, 2 kids. didn’t start as an MD until 40, worked as a paramedic previously.

Only recently started saving, unfortunately, didn’t make much money until recently.
assets:

400K retirement including wife.

50k cash.

50k in 529.

liabilities:

800k house.

250K med school loans.

50k/yr for private school, older child has autism.

not good for early retirement lol. planning to work until I’m 70 if possible. hopefully don’t drop dead of an MI or get cancer.

combined income right now is 440k, wife is part time and I’m at an academic medical center, but thinking of leaving for more $$$.

8 hours ago 09/07/2025 10:24am EDT

re: oldmanriverhere

oldmanriverhere wrote:
I'd love to retire early but not sure what's possible since we live in an expensive area. In theory it would be simpler if we sold up and moved somewhere cheaper but I'm not sure if we want to make that trade.

I'm with ya. We could probably sell our apartment for a couple mill, buy a palace in Nebraska and have a ton of $$ left over...but we'd be in Nebraska.

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