My husband and I just did our annual retirement financial inspection while preparing our fed taxes.
Both of us have deposited the max since our first jobs and that has been around 30 years. Plus there is some company rollover money.
It totals right under $300,000 – sure glad we have a few more years to save because I’d hate to retire on that!
My point is that I feel sorry for anyone who didn’t start saving early because it sure builds up slow. Our deposits to IRA / Roth have always been considered priority and I can assure you we have never driven anything like a BMW or thought we could buy a house in Irvine.
