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MissB

(15,806 posts)
32. Multiple retirement streams are likely.
Wed Feb 6, 2013, 11:45 PM
Feb 2013

Dh has a 401k, to which he contributes the max each year. He is in his early 50s and has worked for the same employer as an engineer for 25 years. He has a small pension with them, but they switched to the 401k after he'd worked there for 5 years. We jokingly call the pension one our future beer money. Assuming SS is still around, he will get a fair chunk.

I'm in my early 40s and work as an engineer in the public sector. I have a pension and three other retirement accounts, only one of which I contribute to. The other two are set up by my employer (and aren't part of the defined benefit and I can't contribute to them - my employer did or does, depending on which one). I will get a decent amount of SS.

The house will be paid off when I'm in my early 50s. If dh were to lose his job before then, we could pay the bills strictly on my salary.

I know we are fortunate. Part of our fortune is that dh has worked for the same employer. Part of it is that we've always put the max into his 401k each year, even when the market sucked and even when we really could've used the money. I'm grateful for where we are. I don't expect to be taking European vacations when I retire. But I do think we will have a retirement similar to what our grandparents (regular working class folks, not technical/white collar) had. And that's fine with me.

it's not looking good liberal_at_heart Feb 2013 #1
Are they discontinuing the PowerBall lottery? jberryhill Feb 2013 #2
I hope not, because that's basically my retirement plan. smirkymonkey Feb 2013 #5
lol, what nest egg? nt redqueen Feb 2013 #3
42 and I have no nest egg Marrah_G Feb 2013 #4
Right there with ya. n/t X_Digger Feb 2013 #7
I'm 33 and I fear retirement will no longer be an option by the time I turn 65. Initech Feb 2013 #6
Nest egg? KansDem Feb 2013 #8
Mine was poached jberryhill Feb 2013 #9
Lets just say the word retirement is probably not in my future. libtodeath Feb 2013 #10
Just over 40 and I'm starting to worry. pa28 Feb 2013 #11
That's about the size of it! I thought my nest egg was just great until I got the bill for my CTyankee Feb 2013 #15
I didn't vote Broken_Hero Feb 2013 #12
I'm screwed. alarimer Feb 2013 #13
Where in NC are you? JanMichael Feb 2013 #16
Other: working on it. politicat Feb 2013 #14
Things are good here FreeJoe Feb 2013 #17
are you joking? Liberal_in_LA Feb 2013 #20
No FreeJoe Feb 2013 #21
Ok, I thought maybe this statement: I'll rest easy when I'm in my late 90's and I have 10 times my Liberal_in_LA Feb 2013 #22
I can see how you'd take it that way FreeJoe Feb 2013 #24
I got screwed laundry_queen Feb 2013 #18
I should have my wife read this! FreeJoe Feb 2013 #25
Yes, please tell her laundry_queen Feb 2013 #40
Here is the AARP Retirement Calculator... IcyPeas Feb 2013 #19
My house will be paid for nobodyspecial Feb 2013 #23
Nest egg? I haz none. bunnies Feb 2013 #26
I like Ramen Noodles anyway. hrmjustin Feb 2013 #27
I'm counting on my ramen noodle perpetuated diabetes to take me out before I Ed Suspicious Feb 2013 #28
I'm on the I will be working til I am dead plan... Kalidurga Feb 2013 #29
OK, I'm a little older than your group...56. HooptieWagon Feb 2013 #30
Curently 42 and plan to retire in 2014 (thanks to Obamacare making HI afordable). So, looking good! kelly1mm Feb 2013 #31
Multiple retirement streams are likely. MissB Feb 2013 #32
In my thirties have to get a new career, one that pays. Retirement what's that! trublu992 Feb 2013 #33
Putting money into a down-market can work out well for younger workers. hughee99 Feb 2013 #37
I’m thinking about writing a cook book donco Feb 2013 #34
All I have is a 401k LostinRed Feb 2013 #35
I am too old for your poll...! nt MADem Feb 2013 #36
It will be eaten in my omelette tomorrow u4ic Feb 2013 #38
I'll have to work until I am 102. bigwillq Feb 2013 #39
I'll be working until I'm dead, then 40 years after. Apophis Feb 2013 #41
kick PETRUS Feb 2013 #42
Ha! PD Turk Feb 2013 #43
What nest egg? HappyMe Feb 2013 #44
Somewhere between options 2 and 3. Javaman Feb 2013 #45
ha. i cant answer. if it was me, piece of cake. my hubby has higher expectations and seabeyond Feb 2013 #46
Im mid 50's and not feeling good at all. DCBob Feb 2013 #47
Latest Discussions»General Discussion»If you are between 30-50 ...»Reply #32