36 single female. I work a less than $15/hr job. I really enjoy it and get lots of OT. But my checks are between $400 and $1000 after taxes, health(173.85) dental(7.00), mortgage(150.03), and $49.97 savings, 15% Roth 401k. Biweekly.
Monthly bills: Property tax: $125 (sinking fund) Insurance: $131.59 (house & car) Internet: $74.99 Electric/gas: $100 Water: $150 Living: $350 (cat, food, gas, miss)
I live comfortably frugal and my house will be paid off in October (foreclosure bought for $45,000 after 08 housing bubble burst) but I only have about $100,000 in retirement. I max out Roth IRA every year and in years I have a HDHP available I max out my HSA. My employer matches 25% if I put in 6% but it gets matched in an ESOP plan. Most of my funds are Roth and in VTSAX & vanguard TR2055.
I live off about $12,000_$15,000 a year very comfortably but I understand my costs will be higher in retirement.
I keep hearing by the time I retire I'll need between 1 & 3 million I'm not sure if that's even possible or necessary on my income. Any thoughts?
Submitted September 09, 2021 at 02:49AM by Brokewest https://ift.tt/3EaPIWe
