Poor guy. Hope he figures out a plan for retirement only making $300k a year

Jun 13, 2021
6:41:33pm

Zak All-American

I’m 49, my wife is 34, we have 4 kids and $2.3 million saved. I earn $300K a year but ‘lose a lot of sleep worrying about tomorrow’ — when can I retire?

Have a question about your own retirement savings? Email us at HelpMeRetire@marketwatch.com

https://www.marketwatch.com/story/im-49-my-wife-is-34-we-have-4-kids-and-2-3-million-saved-i-earn-300k-a-year-but-lose-a-lot-of-sleep-worrying-about-tomorrow-when-can-i-retire-11621991357

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Zak

Previous username: ZShaners
Bio page: Zak
Joined: Sep 25, 2007
Last login: Jun 16, 2024
Total posts: 14,575 (3,093 FO)

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Messages

Author

Time

Poor guy. Hope he figures out a plan for retirement only making $300k a year

Zak

6/13/21 6:41pm

LOL. 2.4 million saved at 49. Makes 300k per year. Worried about retirement?

LiveCoug

6/13/21 6:43pm

LOL. Oh, and an additional 72 k in rental property, so plenty of real estate

LiveCoug

6/13/21 6:44pm

I mean to be fair his $2.3 million can only generate $90k via the 4% rule, which

BYUFootballisBack

6/13/21 6:47pm

One thing people overlook though is expenses going down in areas during

bluecougar1985

6/13/21 6:56pm

Oh I know, was being facetious. The dude could retire now if he wanted to.

BYUFootballisBack

6/13/21 7:01pm

Only 2.3 million saved and 300K a year? How will he survive?

cougaman

6/13/21 6:43pm

Rice and Beans.

JohnnyC

6/13/21 6:49pm

That doesn't sound like its that big of a problem. They are saving up and doing

cougaman

6/13/21 6:53pm

Yes, modest lifestyle. They have a spending problem. They spend too much money

JohnnyC

6/13/21 6:57pm

A modest lifestyle of $130k+ per year... $72k in rental income and almost

BYUFootballisBack

6/13/21 7:07pm

Depending on where they live and how much their home is, 130K might not be much

cougaman

6/13/21 7:55pm

That sounds rough... He should talk to his Butler and driver for advice.

BYUtka

6/13/21 6:45pm

A butler and driver on $300K/year?

Colorado

6/14/21 9:21am

This is akin to my wife’s thin/attractive friend complaint about being so fat in front of my wife’s fat friends.

Zach Morris

6/13/21 6:47pm

RE: This is akin to my wife’s thin/attractive friend complaint about being

ABCoug

6/13/21 7:12pm

Your wife has fat friends? How embarrassing

Memmo

6/13/21 10:10pm

He’s probably super worried about unmasking too

Heath Squashwell

6/13/21 6:47pm

His fault for violating the 1/2 + 7 rule. No mercy for his soul.

TCuz

6/13/21 6:49pm

Is my math wrong? 1/2 + 7 = 31.5 and she is 34.

LiveCoug

6/13/21 6:52pm

They have 2 kids that are 2, so probably been together 4-5 years. He was close,

cougaman

6/13/21 6:53pm

Oh, right. I knew I was an idiot somehow, and that would do it.

LiveCoug

6/13/21 6:54pm

Depends how long he’s been married. More than 4 years and he’s toast.

TCuz

6/13/21 6:55pm

Sounds like a CB humblebrag.

WDaddy

6/13/21 6:53pm

RE: Poor guy. Hope he figures out a plan for retirement only making $300k a year

WhirleyPop

6/13/21 6:56pm

"approximately eight rental properties"?

The Shazad

6/13/21 7:01pm

There are a couple of major issues with retirement calculations

Nat Gas Man

6/13/21 7:01pm

"That's a shame"

TNT

6/13/21 7:01pm

I'd love to be in that situation. My plan is to retire at around 72.

Belboz

6/13/21 7:06pm

His biggest achievement is having a wife 15 years younger than him. Well done

Non-mo Coug

6/13/21 7:06pm

Especially helpful as she can to totally keep working after he retires.

LiveCoug

6/13/21 7:08pm

<< Deleted >>

All-American

6/13/21 7:11pm

This guy is winning at life - $2.3 million saved, $300K per year, young wife

Medute

6/13/21 7:22pm

One CB’er posted recently that we better have $10M saved for retirement

UVCoug

6/13/21 7:24pm

Just laid off at 49. Took 7 months to get a new job. I get his concerns

LaserCoug

6/13/21 7:27pm

This should've been a Babylon Bee article.

Shore10

6/13/21 7:53pm

If I ever ran into this guy…I might punch him in the throat. Idiot.

m0resn0w

6/13/21 8:18pm

He’s annoying and out of touch, but you definitely would not do that

molodyets

6/13/21 10:22pm

RE: He’s annoying and out of touch, but you definitely would not do that

m0resn0w

6/13/21 10:32pm

This is like some of the posts we see on CB.

SFarkus

6/14/21 3:59pm

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