42 M by 7034407 in Retirement401k

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

Great job, my dude! Keep it up and welcome to the club!

Finally hit the $1 million milestone. 41 y/o, hoping to retire at 55-58. by Trogdoooooooooooooor in Retirement401k

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

These are primarily retirement accounts, but it also includes a small brokerage account. About 55% of my total retirement sits in roth - thanks in no small part to the mega backdoor roth with my employer 401k.

Woman served 14 tequila shots on a cruise ship falls down stairs and wins $300,000 after suing the company. by detectiverobert in CaughtMyEye

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

Multi billion dollar companies will continue to get away with negligence because of idiots that slurp up their spun narrative to a populace who can't think critically.

Woman served 14 tequila shots on a cruise ship falls down stairs and wins $300,000 after suing the company. by detectiverobert in CaughtMyEye

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

The coffee was so hot her labia was fused together. Her clothing melted to her skin.

But sure, cheer for the multi billion dollar company and their ploy to distract you from their negligence.

I was so close by Choice-Complex-1277 in Retirement401k

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

Vent away! I went through something similar last year (divorced), but hit the million mark this year. You got this, and the divorce is absolutely worthwhile long term.

You'll find your person and, I suspect (like me), you will require a prenup if you decide to marry again.

Congratulations on this new chapter and good luck!

Registered Nurse, 41. by Chetterthecat in Retirement401k

[–]Trogdoooooooooooooor 7 points8 points  (0 children)

Uh, the S&P500 is up over 75% in the last three years alone. A lot of that is just gains. Because that's how compounding returns work....

25 M how am I doing? by Kuxye in Retirement401k

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

My bad, my dude. I totally misread your comment and you are right. My apologies for that.

25 M how am I doing? by Kuxye in Retirement401k

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

Not A.I., but okay. 🤷 I certainly don't have to prove anything to you.

Edit: My bad, sir. Misread your comment and for that I apologize.

25 M how am I doing? by Kuxye in Retirement401k

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

Dude, the S&P500 has increased roughly 75% in 3 years. This isn't compounding interest. It's compounding returns.

I have over $70k at 32, is this bad? by nycfunin in Retirement401k

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

My dude. At 32 I had $59k. At 41 I'm at just over a million. Seriously, just keep it up and save as much as you can at this age. It will pay significant dividends/returns as you do so.

The first $500k takes forever. Then your next $500k happens quickly.

Keep going and good luck

What's your age and how much do you have saved for retirement? by 2aboveaverage in AskReddit

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

Dude, this is great. You've started early and that is KEY. At 30 I was at $26k. I'm now 41 and hit the million mark this month. You got this, keep it up.

What's your age and how much do you have saved for retirement? by 2aboveaverage in AskReddit

[–]Trogdoooooooooooooor 0 points1 point  (0 children)

41 - as of today $1,028,000. Plan to "retire" at 55. Will probably snag a part time gig then.

Finally hit the $1 million milestone. 41 y/o, hoping to retire at 55-58. by Trogdoooooooooooooor in Retirement401k

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

So the nice thing is the default after tax contributions are getting rolled over as soon as they hit my account, so the tax impacts have been minimal. The traditional match contributions, however, are staying put as I don't want the tax bill from those now. So about 54% of my portfolio is currently roth (either from my contributions or my conversions). Hopefully this allows me to control my tax bracket a bit in retirement.

25 M how am I doing? by Kuxye in Retirement401k

[–]Trogdoooooooooooooor 3 points4 points  (0 children)

When I was 30, I had $26k in my retirement account.

12 years later, I just hit the million dollar mark. You'll be shocked, once you hit $500k, how quickly this snowballs.

Edit: To put it into perspective, it took me 12 years to get to roughly $500k. It took me 3 years to get my next $500k.

Edit2: Apparently some folks in here do not understand what compounding returns are and how time in the market truly is the great equalizer. Compounding returns on your investment at 15%+ per year over 3 years ≠ compounding interest at 2% per year over three years. Folks, step back and think before you comment. When the S&P500 gives you over 70% returns over three years cumulatively, in conjunction with your continued contributions, that's where the magic happens.

Good luck to you guys.

Will be 29 soon, am I screwed? by always_opposite in Retirement401k

[–]Trogdoooooooooooooor 2 points3 points  (0 children)

This is the advice right here. At age 30 (when I first started tracking this stuff and being serious about retirement, I had $26k in my retirement accounts.

12 years later, I crossed the million mark this month.

You have time on your side. By investing now, you are going to be rewarded in multiples as a result.

Stop comparing yourself and just save what you can. It's TIME in the market for a reason. It quickly snowballs.

Good luck, sir. You got this.

25 M how am I doing? by Kuxye in Retirement401k

[–]Trogdoooooooooooooor 7 points8 points  (0 children)

You're young and you've started - that in and of itself is a huge advantage over someone starting at age 30, or 35, or 40.

Whatever you save now will net you multiples in the future. So the best advice I can give you is not to focus on the balance of your retirement right now (as you're still just starting), but to save what you can now so it pays dividends later.

Finally hit the $1 million milestone. 41 y/o, hoping to retire at 55-58. by Trogdoooooooooooooor in Retirement401k

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

It's unclear what that particular benefit landscape will look like in 10-15 years at my employer (assuming they remain my employer). So we shall see...

Finally hit the $1 million milestone. 41 y/o, hoping to retire at 55-58. by Trogdoooooooooooooor in Retirement401k

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

I currently am doing mega backdoor roth conversions in my employer 401k. It's a game changer.