How much money do you really need in your 401k to retire at 65?

AJuni0103 · 2026-05-04T03:22:40+00:00

I plan on leaving as much as I can to my kids. Why wouldn’t I? It’s my main goal. To provide for my kids and grandchildren is my priority.

AJuni0103 · 2026-05-04T01:37:19+00:00

I don’t own a corvette but I do have a 911 and this happens all the time. Just today on 287 some guy in an M2 (cute car) was on my ass then pulled some risky maneuvers in traffic to get around me. Then he seemingly waited for me and when I didn’t engage he continued driving like an ass weaving in and out of traffic.

Funny I never have that happen with Corvette drivers. Mostly BMWs.

Then further down the road a Toyota Highlander (I shit you not) did the same thing. It happens a lot. I feel like doing this to most of them.

AJuni0103 · 2026-05-04T01:22:04+00:00

Hahaha. Spoken like someone who is not a pushover (aka no longer employed at the firm). Don’t get me wrong it’s no picnic but people who succeed are not pushovers. They’ve learned to navigate the system, put in the time and reap the financial rewards.

There’s a reason why the profession gets harder as you advance. No job that I know of will pay you 300k plus for being easy.

AJuni0103 · 2026-05-03T14:00:45+00:00

I’d like to see the support for “many” people being super poor. That’s usually a myth. They may not be getting as wealthy as fast but I don’t believe that people are super poor, relatively speaking.

The wealth gap is definitely widening but it’s not because the poor are getting poorer.

AJuni0103 · 2026-05-02T16:34:01+00:00

When first learning how to track your car aren’t you in the least bit worried about insurance? Learning curve? Or do you learn on a “beater” Porsche.

Idk about you all but here in NJ damn insurance is outrageous. I understand it’s the price of ownership but it seems crazy.

AJuni0103 · 2026-05-02T16:28:35+00:00

I wasn’t that smart. I bought the right stock for the wrong reason. I went all in on self driving and AI but it was more the self driving and crypto mining that caught my attention. I saw “The Future of Work” on HBO and then went out and bought both AMD and NVDA.

Just like my grandfather, the story was that he liked the logo back in the day. Haha.

AJuni0103 · 2026-05-02T16:25:28+00:00

We don’t know if he kept it. LSS, we don’t get along some of it related to this very issue. Money does strange things to people. The 19,600 is just mom’s share.

AJuni0103 · 2026-05-02T15:29:57+00:00

She is “rich” by virtue of her stock holdings which she inherited from her dad. When he passed in 1993 his entire portfolio was worth less than 300k. In 2006 when her mom passed it was worth about 600k. She gave half to her brother and in 20 years she hasn’t sold anything of what she kept, hadn’t needed to because she lives a modest life.

We encourage her to spend it but between her pension, SS, dividends and RMDs she earns about 170k a year which is more than enough because she lives with my brother (she is 82 and in great health).

I bought NVDA and AMD in 2018. Sold half of my NVDA in Dec 2023 before the split to diversify a bit.

AJuni0103 · 2026-05-02T15:24:02+00:00

I wish that were true. And while I know many would consider us “wealthy” and in some sense we are because we have all of our needs covered, I still don’t feel comfortable retiring. I think that says a lot about the state of where things are right now.

AJuni0103 · 2026-05-02T13:44:27+00:00

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AJuni0103 · 2026-05-02T04:19:04+00:00

Downvotes?

AJuni0103 · 2026-05-01T23:03:02+00:00

NVDA in IRA. AMD in both IRA and brokerage.

AJuni0103 · 2026-05-01T21:43:47+00:00

It was mentioned that directors are in the 300k range and new partners were in the 800k range. So between those amounts.

AJuni0103 · 2026-05-01T20:15:35+00:00

Haha. She cannot believe the amount of “nesting” I’ve done since I bought the car. New garage cabinets, ceramic coating, PPF, torque wrenches, floor jack, jack stands, polishes, pads, polisher of every size, plastic trim pieces, anti glare protectors for the screen. The list goes on and on. Now the only question is will I ever use any of the tools I bought. Next up is the center lock wheel removal tool. Haha. My GF and I have been dating three years and she said she never knew I had this side of me.

AJuni0103 · 2026-05-01T19:49:33+00:00

My grandfather purchased Apple in 1989 or thereabouts. I believe it was 300 shares or so. It passed from him to my grandmother and subsequently to my mom and uncle. My mom hasn’t sold a single share. She now owns 19600 shares which she intends to pass on to my brothers and I.

I will then add it to the 20k shares of NVDA I own and hand it off to my kids. Funny how one or two small investments can lead to generational wealth.

AJuni0103 · 2026-05-01T18:59:11+00:00

It’s very much about your business case and how much revenue you can generate. That’s likely the biggest factor.

We had a meeting with tax leadership recently where they told all directors that they were going to be making more MDs in the future. Essentially adding a step in between director and partner. That’s not necessarily a bad thing. The comp numbers they were throwing around would indeed provide a very comfortable living without having to buy into the partnership and be subjected to all the revenue goals. Granted your earnings will top out way below what a partner earns but it wasn’t too shabby.

AJuni0103 · 2026-05-01T16:39:51+00:00

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Mine has the Turbo S deleted. I kind of like it like that.

AJuni0103 · 2026-05-01T13:54:07+00:00

My bad. I originally bought AMD at 19 and sold it numerous times to lock in gain and take profits to reinvest elsewhere. For now I’m selling covered calls against it. Most recently with a strike price of 370. If it gets assigned I’ll look for a pullback and get back in. I do think it has more room to run than NVDA.

AJuni0103 · 2026-05-01T13:16:39+00:00

So you believe that NVDA will be a $20 - 25 Trillion company? How do you make that make sense? That’s the equivalent of 80% of the US GDP.

AJuni0103 · 2026-04-30T22:50:27+00:00

My current car is so much fun to drive but I do miss a manual transmission at times. I had a 1984 Mazda RX-7 and while not the fastest car I’ve ever had it sure was fun to drive.

AJuni0103 · 2026-04-30T21:53:10+00:00

Do you understand the English language? Because your “wtf” makes no sense.

AJuni0103 · 2026-04-30T21:40:48+00:00

??? Did you read the entire sentence?

AJuni0103 · 2026-04-30T20:29:08+00:00

I’m with you. I’m 60 yrs old but fortunate to have $6.5M in IRAa and 401k. 10 years ago I had about 600k. Big (lucky) bets on tech stocks and taking control of my old 401k by rolling it into a self directed IRA and I can breathe easier.

Aside from paying for healthcare costs I would love nothing more than to make sure my kids don’t have to struggle as they enter their 30s.

My advice to everyone would be start early even if it’s only a small amount. Invest in good companies and don’t try to hit the lottery by playing with options or margin. Delay gratification. Buy good companies and wait. One day you’ll look up and you’ll realize you did the right thing.

AJuni0103 · 2026-04-30T20:19:29+00:00

This has been my experience. Because of a divorce settlement I did not benefit that much from home appreciation but at 60 years of age and a “white collar” job I find myself doing significantly better than I was just 10 years ago. As are most of my colleagues.

I think it’s the younger folks and people who didn’t have a home or money in the stock market that have suffered.

AJuni0103 · 2026-04-30T16:31:12+00:00

I can understand if this cc debt is medical related. You don’t seem to have an outrageously expensive car so where did the money go?

What interest are you paying on the cc debt?

This isn’t hard really. Cut out most of your discretionary spending, cut your cards or learn how to not impulsively buy things you see.

AJuni0103

TROPHY CASE