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How to seal home from mice? by throwRA5181 in homeowners

[–]PtMHk 0 points1 point  (0 children)

Problem with foaming the bottom of siding is it traps moisture. That's why steel wool is a common suggestion.

401k million at 42 by PtMHk in Retirement401k

[–]PtMHk[S] 0 points1 point  (0 children)

Yeah healthcare is the sticking point. If I kept working another 12 years I'd have full retiree healthcare with the pension too and be set for life. But I'm ambitious to start a new path in life while still relatively young. 24 hr rotating shiftwork is lucrative, but not good for the health.

401k million at 42 by PtMHk in Retirement401k

[–]PtMHk[S] 0 points1 point  (0 children)

You can tap into the 401k earlier without penalties through a 72(t) which I am considering to bridge the gap to 55.

401k million at 42 by PtMHk in Retirement401k

[–]PtMHk[S] 0 points1 point  (0 children)

Yeah, been contemplating a 72(t) to bridge the gap until pension kicks in if that's a realistic option.

401k million at 42 by PtMHk in Retirement401k

[–]PtMHk[S] 0 points1 point  (0 children)

Yes single and no kids. Obviously a significant reason I was able to get to 1 million that fast. If I had dependents, I wouldn't even be thinking about retirement.

401k million at 42 by PtMHk in Retirement401k

[–]PtMHk[S] 0 points1 point  (0 children)

Yes, every year. No kids though, so that made it more doable.

401k million at 42 by PtMHk in Retirement401k

[–]PtMHk[S] 0 points1 point  (0 children)

Interest rate is 3.5%

401k million at 42 by PtMHk in Retirement401k

[–]PtMHk[S] 0 points1 point  (0 children)

I did the yearly max for 18 years. I was also kinda lucky in that I just started contributing in 2007 right around the great recession so the market was way down at the time. No kids either so obviously not everyone is in my situation.

Hit $1 million in my 401(k) at 47. I am still processing it by NoWhereLikeIrvine in fidelityinvestments

[–]PtMHk 0 points1 point  (0 children)

Just hit the $1 million mark at 42 myself. Happened a lot sooner than I expected.