Hellobee Boards

We have our 401k's and IRA's but they haven't exactly been making any money recently. I know theoretically they are long term investments and should go up over time but we've seen many stories of retirement savings being wiped out recently.

Plus, with college education costs skyrocketing, I would like to be able to save for that, too, but it is hard to have your regular savings buffer, retirement savings, and college savings. I know there is nothing wrong with school loans but it was REALLY nice that my parents were able to pay for my college so that I was not saddled with any debt once I graduated and was able to start saving money right away once I got a job. So much to think about!!

Let's see, I have a 401k, that I put only 6% in because that was the amount my company matched. I also had a stock purchase plan, but all my options for that are completely worthless, and the value has really taken a nosedive since the 2007.
I recently got a letter from my former employer informing me of my payout for my pension...I started working in 1997 and then the company stopped the pension later that year. I am entitled to a whopping $197. So yeah, the focus needs to be on our retirement, and I don't consider owning your home to be retirement savings.

We are very well invested in our retirement. Both of us put the max we are allowed into our 401k's every year as well as money into our IRA's. We also have already started college funds for the 4yr old and will start another as soon as the next one is born. If all goes well we should be all set!

We have RRSP's (Canada), but at the moment aren't putting any extra in them, We'll start again in a year.

We both put about 10-15% away in our 401Ks and max out our IRAs annually. We've been able to build monthly savings without having to change our retirement plan so once babies are here, the plan is to dip into the monthly savings pile as needed if we are short with monthly spending money. We will do our best not to change our retirement plans from now.

right now, we're both saving for retirement, but i'll be a SAHM soon, so maybe i'll just contribute to my IRA or something. hubby will probably keep his stuff the same. right now, the markets suck so bad, i feel like i'm throwing money out the window.