This retirement savings outlook really changed over the years. I was lucky to get started in 1981 but I wasn't very smart in my investing or even in the fund maintenance as I borrowed from my account a few times and took a distribution to pay for kid's college and other things. So, at 70 I retire with about $1 million in my account and feel I have to be conservative with my investments. I figure conservative investments will bring in 5% a year (so far this year) which covers the RMD and also hedges against sharp turndown as my state-sponsored savings plan has a fixed fund option (3%) with which I can ride out any major downturns in the market. If younger, I'd follow the good advice given in other posts about contributing to the max, particularly if there are matching funds, and leaving the money in the accounts, with investing reevaluation as conditions warrant. I don't know how I compare with other baby boomers, but I'm glad to see younger folks doing so well.
Submitted April 13, 2019 at 03:26PM by Hard2Beeleve http://bit.ly/2XbQ34K
