Just initiated a 401K rollover for a very sweet couple, both aged 63. They both spent the last 17 or so years working at Wal Mart. Not in corporate, but in regular ol' stores. Stocking shelves, receiving, some management, you name it.
They said "we were just careful with our money, we never had to buy the newest stuff, we lived within our means and stayed humble with our money". That's their big secret.
Totals of their 401K's:
Husband: $287,729.57
Wife: $211,898.10
Separate Roth IRA's at Edward Jones:
Husband: $42,114.52
Wife: $43,001.58
Total retirement portfolio: $584,743.77
After our meeting today, they left for a week-long camping and fishing trip with friends, celebrating the start of their comfy retirement. Just bought a cool new red Honda four-wheel-type thing for the trip. They like driving through streams.
So long Wal Mart, hello striped bass.
.
They said "we were just careful with our money, we never had to buy the newest stuff, we lived within our means and stayed humble with our money". That's their big secret.
Totals of their 401K's:
Husband: $287,729.57
Wife: $211,898.10
Separate Roth IRA's at Edward Jones:
Husband: $42,114.52
Wife: $43,001.58
Total retirement portfolio: $584,743.77
After our meeting today, they left for a week-long camping and fishing trip with friends, celebrating the start of their comfy retirement. Just bought a cool new red Honda four-wheel-type thing for the trip. They like driving through streams.
So long Wal Mart, hello striped bass.
.