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Went to see the financial advisor last week and this week. I'm switching jobs and will finally roll over the 401K's from my first two jobs, so, I needed to talk to him about that and I haven't seen him in, oh, 6 years or so. Well, hallelujah, I'm on track for retirement! <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/joy.gif" style="border:0px solid;" title="joy"><img alt="" class="inlineimg" src="/img/vbsmilies/smilies/joy.gif" style="border:0px solid;" title="joy"> Even if I don't add anything else to my current savings and we calculate a conservative growth of 7%. I'm probably going to convert 1 of my 3 401k's and my profit sharing plan to an annuity. My first 401k has the least amount in it and I'll leave it in the market to be able to get the full upside (or down side). The 401k I just left will stay where it is since the company is doing well and I like the CEO and I have a fair amount of company stock in my plan. I know this is not the way many would go. But, he's pretty darn dynamic and the darling of the financial industry right about now . . . so, it's probably easy to guess the company I've left. So, when he goes, I'll roll my 401k over. And my new company has an even better company match!! Woo hoo!<br><br>
Now (of course I'll still contribute to my new 401k), I can focus on building savings/investments for the kiddo's college funds.<br><br>
It's great to have this weight off of my mind.
 

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Good for you! One of my goals for the next year is to learn more about retirement savings. I still have some time, but I'd rather put lots of drops in the bucket than stress and cram at the end.<br><br>
How long has it taken you to build your savings?
 

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<div>Originally Posted by <strong>eirual</strong> <a href="/community/forum/post/15401368"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">Good for you! One of my goals for the next year is to learn more about retirement savings. I still have some time, but I'd rather put lots of drops in the bucket than stress and cram at the end.<br><br>
How long has it taken you to build your savings?</div>
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I've been working for 13 years. The first 6 were at firms that offered no 401k match or profit sharing plan. The last 7 were at a company that did; so, I have almost 3 x's as much saved by/for me from the company job (which are fully vested benefits) than I was able to do based solely on my own contributions when working for a law firm.<br><br>
Now, my cash savings is a whole 'nother story. With having been in a rehab for the last 6 years, I only have about 1 month of an emergency fund saved. I've spent/invested all of my cash into work on the house. I do have about $45K in company stock outside of my plans which I consider a start on the kids' college fund/emergency fund.
 
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