Retirement Accounts at Highs - BEWARE! 401ks and IRAs may be up in value, there is still a concern.

[@robynetaylor6605]

Not including employer match, my (now Ex) and I were at 20% for years. It drove his spending mentality crazy. We’re divorced, he’s deep in debt and I’m debt free with retirement savings. We live in a spending culture and there is a lot of shame around living on less.

[@angieharris8015]

But how do these brokerage-houses know how much someone REALLLLYYYY have saved? What if you have multiple accounts? What if you have a pension (or multiple pensions)? Rental property? Royalties? Various other accounts? I-EE bonds? Precious metals? etc. Get the point? I mean, do they really have the resources or band-width to cross-check every individual and then tally ALLLLLLLLLLL of their accounts?

[@Dolphinfinancialgroupfl]

@@angieharris8015 Fidelity is using data on only the accounts for which they are custodian. So there is a limit to this data.

[@angieharris8015]

@@Dolphinfinancialgroupfl Thank you for responding. That is what I figured, therefore these numbers are grossly-inaccurate. I see data like this reported everywhere and I often wonder how they would know what someone as invested. smh Thank you, again 😁

[@runeatexplorer7796]

Nothing is ever accurate. I guess for the most part, people only have 1 brokerage. I do and most of my friends do too. Remember, many americans hardly have any retirement savings at all. So those with many brokerage accounts are balanced out by those with barely anything at all. So these data are still useful. Just my 2Cents.

[@angieharris8015]

@runeatexplorer7796 thank you for your kind response.. 😃

[@52CA]

I did the opposite in my last 5yrs. I mashed the peddle down. But I’m also not planning on any distribution for 7 yrs after retirement. So a 70/30 or even 80/20 is just fine with me. Baked into the portfolio is 300k in cash and T Bills so if shit somehow hits the fan before I get to SS then I can fall back on that stuff. Unless a person doesn’t have much and their monthly needs are high I say stay the course.

[@josefj1776]

Not including my employer 3% match I am doing 10% 401K and 10% Roth ira