Thread regarding AT&T layoffs

How much have you saved for retirement so far? What's your age? What's your target retirement age?

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Post ID: @OP+1jzpqcxw7

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36, $4.2 M … I day trade most days from the office and make 2-3x my salary doing it in a good year. I just use my working salary to cover life expenses.

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Post ID: @cc+1jzpqcxw7

@ 1.7 M between wife and I at 55 years old. Not bad, but should be more. Did some d-mb things with money in 20s and 30’s.

At least my house is paid off and I have no other debt. Was also able to get 2 kids through college with no debt.

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Post ID: @cb+1jzpqcxw7

Retired at 66, living on my $6.9 million 401k & just took out my $4.1 million Roth! Paid off 2 houses, my yacht & my Ford Raptor.

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Post ID: @ca+1jzpqcxw7

@bs,

Don't beat yourself up. Make sure you are placing your money in funds that show real world performance over last 5 years. It's easy to see this right on fidelity website. Once you hit 50 you can do catchups as well. Pay yourself first.

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Post ID: @bz+1jzpqcxw7

I am my best self when in the office working at T. I never plan to retire. I want my funeral reception to be held at Discovery District.

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Post ID: @by+1jzpqcxw7

@br More work, More Money! Congratulations 🍾

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Post ID: @bv+1jzpqcxw7

Boy, got a lot of catching up to do.. In the late 40s with less than $600K in 401K and IRAs between wife and less than $90K in pension. Will need to manage finances better.

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Post ID: @bs+1jzpqcxw7

45, L2, $3.79m - no pension plan, about $800k of that is 401k (I started late), yes I’m bored to death at work, but it’s easy money. Wife won’t let me quit just yet. Too young to retire. I make more money outside my job than I do working here.

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Post ID: @br+1jzpqcxw7

$3.50

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Post ID: @bq+1jzpqcxw7

59, $2.5M in 401(k), $55k in a Roth, and $28k in an HSA. I'm also pension eligible, lump is currently about $825k, annuity would be about $55k/yr. My already retired wife has another $750k in a 403(b) plus a pension.

Every time we got raises, we split the take home amount with our retirement savings, for 30 years. This fattened retirement well as well as limited lifestyle creep.

We have zero consumer debt, and a 2.45% mortgage with three months left 'till paid.

We live in a high cost of living area and don't plan to move, so I'll probably work another year or two.

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Post ID: @bp+1jzpqcxw7

58 with $2.5M in Company 401K plus $500K pension, plus additional investments/savings. Assets value significantly greater than debts. I will be out at 59.5, or the next severance surplus, whichever comes first.

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Post ID: @bn+1jzpqcxw7

51 year old tech at $2M with expected pension lump sum. Leaving end of year regardless of surplus buyouts. Monte Carlo simulation shows 92% success rate

We're planning on using our bridge fund + SEPP RMD calculation to make it to 60.

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Post ID: @bm+1jzpqcxw7
ll be working here till I’m 70, if I don’t get surplussed.

You're ahead of most people with $750k. It'll be worth at least $1M by the time you're 59.5.

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Post ID: @bk+1jzpqcxw7

$20M. 65, retired. Golf time with tmobile retirees. Enjoy life. You will get there.

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Post ID: @bj+1jzpqcxw7

I’m 53, a tech and between my wife and I , we have about 750k combined in our portfolio and about 40k total debt. We definitely don’t have enough to retire on. I’ll be working here till I’m 70, if I don’t get surplussed. No one to blame but ourselves for not saving more.

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Post ID: @bh+1jzpqcxw7

None of yer business.

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Post ID: @bb+1jzpqcxw7

$1.9 M @ 47 working until I turn 50 to meet Modified rule of 75 or welcoming Surplus at this point.

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Post ID: @b9+1jzpqcxw7

$2.2 million @ 50 years old.
Retiring within next 2 years or if I get a surplus offer.

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Post ID: @ac+1jzpqcxw7

I don’t know. I just got here.

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Post ID: @a4+1jzpqcxw7

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