Single income household, 1 kid in college, another in HS. Goals: Retire by 60, simple life in California. Hopefully no mortgage by then. NW 900k incl 401k. Excludes partial equity in home and 100k in crypto. TC 330k HCOL (not in tech area @meta) #misc #retirement #finance
How come your NW is so low being at Meta?
Non tech, joined recently. Was at industrial company before
^Congrats!
Sounds like a question to a financial advisor Iβm wondering why your NW is 900K when your TC is 300K.
Start to enjoy life more. 50s is probably the last decade of good health.
Health !!
Diversify as much as you can without paying extra taxes. Do not hold any Meta stock, if a downturn comes your job and your investments are in trouble. Try to make use tax advantaged accounts like mega backdoor Roth etc.
Maximize income Spend only on important things Maximize tax advantage investment like max 401k with catch up Move to LCOL when ready to retire
Health.
I agree. At least I'm not worried about dying young π.
Move to tax haven place and live life peacefully
Not considering as we have a good social circle here.
How much you think your net worth should be to retire?
Probably 3M should be good outside of home equity. I (and spouse) expect to live till 85. We both are the same age.
Not easy and risky investment to achieve that. Best bet focus on Meta and get promoted to the top.
Focus on increasing your income so you enjoy your retirement at 60