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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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Well, how much do you have in your 401K and how old are you?
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<p>[QUOTE="Anonymous, post: 3632245"]Thanks for the 401K info. With downsizing I had many different positions and when a position was downsized I was not totally vested. One job, small pharma, gave me $9000 in the rollover which I put into a Vangaurd IRA, which was a mix of stocks and bonds. That is worth no more than $15,000 now. Mine did not grow as you mentioned, sure wish it had. I always took advantage of the 401Ks when offered but the vesting was an issue as well as what i could afford to have deducted. My last position paid better and that is where I got the most put away, about $60,000, and then that tanked with the market. At my age I think my only option now is to get the expenses cut way back to afford to retire on my SS of $1800 a month, my pension of $200, and then income from $60,000 in 401Ks and do something with my mutual funds and stock to turn them into income. It might be possible. It would be wonderful if the mortgage could go way down and then i could be home free. My house actually is fine. I built it in the 1990s for $150,000, and now only have $90,000 left on the mortgage. The house is easily worth close to $300,000 in this bad market and had been close to $400,000. It is on an acre in a very desirable location and the house is in great shape, only 12 years old. But, I want to stay there. I probably could not rent for what I pay in mortgage, about $600 a month.</p><p><br /></p><p>I think I am close to being able to retire but it is really close. No trips to the Bahamas etc are in my future!! but, that's ok, just being out of this rat race will be worth it.</p><p><br /></p><p>When I can fit in time to do it, I need to see a financial planner I guess.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 3632245"]Thanks for the 401K info. With downsizing I had many different positions and when a position was downsized I was not totally vested. One job, small pharma, gave me $9000 in the rollover which I put into a Vangaurd IRA, which was a mix of stocks and bonds. That is worth no more than $15,000 now. Mine did not grow as you mentioned, sure wish it had. I always took advantage of the 401Ks when offered but the vesting was an issue as well as what i could afford to have deducted. My last position paid better and that is where I got the most put away, about $60,000, and then that tanked with the market. At my age I think my only option now is to get the expenses cut way back to afford to retire on my SS of $1800 a month, my pension of $200, and then income from $60,000 in 401Ks and do something with my mutual funds and stock to turn them into income. It might be possible. It would be wonderful if the mortgage could go way down and then i could be home free. My house actually is fine. I built it in the 1990s for $150,000, and now only have $90,000 left on the mortgage. The house is easily worth close to $300,000 in this bad market and had been close to $400,000. It is on an acre in a very desirable location and the house is in great shape, only 12 years old. But, I want to stay there. I probably could not rent for what I pay in mortgage, about $600 a month. I think I am close to being able to retire but it is really close. No trips to the Bahamas etc are in my future!! but, that's ok, just being out of this rat race will be worth it. When I can fit in time to do it, I need to see a financial planner I guess.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Industry Veterans
>
Well, how much do you have in your 401K and how old are you?
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Industry Veterans
>
Well, how much do you have in your 401K and how old are you?
>