I barely know what a 401K is, but I know most of my friends have already started on and regularly contribute to their retirement. That's not so much an option for us. When we worked for the public NC hospital, as employees each month we had a minimum amount put into a state retirement account and the university matched it. It wasn't much, but we didn't have to think about it. Of course, when this whole journey/circus started, we both cashed it out as we needed the money way more know than in 40 years. Plus, it wasn't much. About $3500 between the two of us.
Clearly, DH makes nothing. I work, again, for the state by working for the University/SOM, so an automatic amount of retirement is again put into the VA Retirement System for me. Frankly, we don't think about trying to allot more to it each month. We don't really have the ability to. And as soon as we move (or I guess, IF we move for residency), we'll probably be cashing that out too.
Is it normal to not have much retirement/savings to speak of at this juncture? Is it just a huge game of catch up once you're a dual-income (or at least a sizeable single income) family?
Clearly, DH makes nothing. I work, again, for the state by working for the University/SOM, so an automatic amount of retirement is again put into the VA Retirement System for me. Frankly, we don't think about trying to allot more to it each month. We don't really have the ability to. And as soon as we move (or I guess, IF we move for residency), we'll probably be cashing that out too.
Is it normal to not have much retirement/savings to speak of at this juncture? Is it just a huge game of catch up once you're a dual-income (or at least a sizeable single income) family?
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