Who uses a financial advisor?

[trophy8]

My hat is off to him for doing so. Todays salaries are much more now than than when I was 27. Sounds like he is well on his way to an early retirement.

Also, my guess is that is a combined amount with his wife.

Nope. Only me. She has her own. And all pre tax. I started putting in there December of 2012. Till today. Set it all up on my own. I make a decent amount of money but nothing crazy.

[trophy8]

If you have as 401k through your company the plan admin can help you set up your 401k and guide you in your personal account as well. The company pays then plenty to manage the 401k so usually they will advise for free

I don't want that. I have assets coming from 3-4 places. My old employer, my wife's old employer (Both 401ks) and I'll put post tax into it as well. I will keep my current company 401k as is. But I want someone to help with overall budgeting too.

[Kdog]

Can't hurt to talk to a few and come to your own conclusions either.

[trophy8]

Can't hurt to talk to a few and come to your own conclusions either.

That's a given. And I have some meetings set up. This post has been pretty helpful.

[GIL HUNTS]

Lots of good info to consider and ponder on in this post.

[Huntindad]

Nope. Only me. She has her own. And all pre tax. I started putting in there December of 2012. Till today. Set it all up on my own. I make a decent amount of money but nothing crazy.

my bad. You're doing well. keep it up.

[44mAG]

Nope. Only me. She has her own. And all pre tax. I started putting in there December of 2012. Till today. Set it all up on my own. I make a decent amount of money but nothing crazy.

With the average household income being around 55K per year, I would say your making more than decent money lol. Unless you're living on bread and crackers I guess. That's awesome though. Keep it up.

[texansfan]

what I want to know is how you got $75k into a 401k in 4 years legally as a 27 YO.

About $1,000 per month in a decent 401k will get you there
If he had employer match dollar-for-dollar only $500 per month would come out of his pocket.

[trophy8]

With the average household income being around 55K per year, I would say your making more than decent money lol. Unless you're living on bread and crackers I guess. That's awesome though. Keep it up.

Double that

But I worked hard to get there. And still working hard to make sure I stay here and keep going up lol

[trophy8]

About $1,000 per month in a decent 401k will get you there
If he had employer match dollar-for-dollar only $500 per month would come out of his pocket.

Yep. DCP matched dollar for dollar up to 6% plus an additional 4% in retirement. Current folks are at 4%. I forget how much is earnings at this point in my 401k. I'd have to look but it just started really doing well the past year or so. Growth was slow before that.

[nchunter]

I don't want that. I have assets coming from 3-4 places. My old employer, my wife's old employer (Both 401ks) and I'll put post tax into it as well. I will keep my current company 401k as is. But I want someone to help with overall budgeting too.

Call fidelity or vanguard and tell them to help you rollover into an IRA. Then pick a target dated fund. Then forget about them for 30 years. Set up a brokerage for post tax.

[lilavidhunter]

Yep. DCP matched dollar for dollar up to 6% plus an additional 4% in retirement. Current folks are at 4%. I forget how much is earnings at this point in my 401k. I'd have to look but it just started really doing well the past year or so. Growth was slow before that.

Consider yourself blessed. I have a similar plan

[lilavidhunter]

.

[trophy8]

Consider yourself blessed. I have a similar plan

For sure. I am blessed for being where I am and what I am able to do. I didn't realize how good I had it with that DCP 401k either haha. But I wasn't happy working there

[d_e_smith]

We use one. He does a lot of different things, estate planning, tax planning, investing, etc.