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No. of Recommendations: 3
The 80k works out as follows:
45k - Retirement Accounts
16k - Cash Efund High Interest Account
9k - Stocks
6k - Stock Buying fund
4k - Short Term Cash/Bank Acct

No debt, credit card or otherwise. Car in good shape no need for any major expenses forseen. I'm also single and no kids.

My biggest vice is that I spend 5k each year on a nice vacation. No immediate plans to change that.

I make about 55k/year currently. I currently save 10% for the retirement accounts. My goal is to retire early/mid 50's with at least 1million total net worth excluding a home if I buy one.


The numbers you gave are a bit hard to put into perspective without knowing your expenses. For example, how many months' expenses is that $16K? If it's 3 months' expenses, that's good. If it's 6 months' expenses, it's great. If it's more than that, you might want to invest the amount above six months' worth.

Also, as someone else who plans to FI/RE at age 50, I think 10% is much too little for retirement savings. I currently save ~20% of my gross and I'm trying to inch that up to 25% of my gross. Of course, YMMV.

-Steph
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