Financially Independent Parents

Financial Independence 💰 Investing 💸 Family 🏠Retirement ☺️Success Stories 📖 Parents 👶🍼

[Financially Independent Parents @FiParents]

Lila, 54. Nurse in Milwaukee, Wisconsin. Makes $91k.

Divorced, kids grown. Has $340k in a 403(b).

Doing catch-up contributions + $700/month into a Roth IRA and brokerage with SCHD.

Projected net worth at 65: $1.25M

#RetirementReady

[Financially Independent Parents @FiParents]

Ryan, 29. Software engineer in Austin, Texas. Makes $165k.

Has $140k already invested and still drives a 2014 Civic because “it has character.”

Auto-invests $3,000/month into VTI.

Projected net worth at 65: $4.2M+.

#retire #FIRE #honda #engineer #VTI

[Financially Independent Parents @FiParents]

Irene, 56. Librarian in Spokane, Washington. Makes $61k.

Widowed, adult children. Has $225k in a 403(b).

Doing catch-up contributions ($550/month total) into the 403(b) and a Roth IRA.

Projected net worth at 65: $710k

#CatchUpMode #Library #Retire #Roth

[Financially Independent Parents @FiParents]

Celia, 34. Speech pathologist in Madison, Wisconsin. Makes $79k.

Married with a 4-year-old. Has $58k in a 401K.

Contributes 10% to the 401K, $175/month to a 529, $150/month to a Trump Account, and $300/month into taxable VTI.

Projected net worth at 65: $1.7M

#TrumpAccounts

[Financially Independent Parents @FiParents]

Gwen, 53. Administrative assistant in Buffalo, New York. Makes $58k.

Divorced, kids independent. Has $210k in a 403(b).

Doing modest catch-up contributions ($500/month total) into the 403(b) and a Roth IRA.

Projected net worth at 65: $780k

#CatchUpMode #Buffalo #retire

[Financially Independent Parents @FiParents]

Frank, 61. Retired military, now part-time security in San Antonio, Texas. Makes $48k.

Has $520k already invested & is in pure coast mode.

Continues putting $400/month into SCHD “just in case.”

Projected net worth at 65: ~$680k (and already flexible).

#retire #FIRE #military

[Financially Independent Parents @FiParents]

Renee, 46. Nurse in Richmond, Virginia. Makes $86k.

Divorced with two teens. Has $240k in a 403(b).

Does catch-up contributions, puts $300/month into remaining 529 balances, and $500/month into taxable VTI.

Projected net worth at 65: $1.35M

#CatchUpContributions #529 #college

[Financially Independent Parents @FiParents]

Derek, 39. Anesthesiologist in Atlanta, Georgia. Makes $320k.

Has $410k saved and still drives the same truck he bought in residency.

Puts $5,000/month into VTI.

Projected net worth at 65: $5.8M.

#retire #FIRE #truck #anesthesiologist #VTI

[Financially Independent Parents @FiParents]

Jonah, 41. Electrician in Boise, Idaho. Makes $79k.

Married with one child. Has $85k in a 401(k) and $12k in an HSA.

Contributes $900/month total split between 401(k), HSA, and taxable VT.

Projected net worth at 65: $1.7M

#BuildWealth

[Financially Independent Parents @FiParents]

Emmett, 52. Community college instructor in Eugene, Oregon. Makes $69k.

Divorced, adult kids. Has $255k in a 403(b).

Doing catch-up contributions ($580/month total) into the 403(b) and a Roth IRA.

Projected net worth at 65: $850k

#Teacher #IRA #FIRE #PacificNorthwest

[Financially Independent Parents @FiParents]

Nova, 37. Veterinarian in Fargo, North Dakota. Makes $115k.

Married with twins age 5. Has $130k invested.

Contributes 12% to the 401K, $220/month total into two 529s, $180/month per child into Trump Accounts, & $550/month into taxable VT.

Projected net worth at 65: $2.5M

#Vet

[Financially Independent Parents @FiParents]

Andre, 50. Truck driver in Atlanta, Georgia. Makes $72k.

Married, empty nester. Has $210k in a traditional IRA from an old 401K rollover.

Adds $600/month into the IRA and $300/month into a brokerage with VOO.

Projected net worth at 65: $1.05M

#LateStartWins #trucker #retire

[Financially Independent Parents @FiParents]

Kai, 33. Physical therapist in Boise, Idaho. Makes $87k.

Married, no kids yet. Has $68k in a 401(k) and HSA.

Contributes 12% to the 401(k), maxes the HSA ($350/month), and puts $400/month into taxable VTI.

Projected net worth at 65: $2.1M

#HSA #DualIncome #401K #retire #FIRE

[Financially Independent Parents @FiParents]

Landon, 45. High school counselor in Tucson, Arizona. Makes $68k.

Divorced, two kids in high school. Has $165k in a 403B.

Doing catch-up contributions into the 403B of $1,000/month and a Roth IRA, plus $150/month into remaining 529s.

Projected net worth at 65: $1.05M

#retire

[Financially Independent Parents @FiParents]

Ellis, 40. Project manager in Denver, Colorado. Makes $115k.

Married, no kids. Has $180k invested.
Contributes 14% to the 401(k) and $900/month into a taxable brokerage with a 70/30 VTI / VXUS mix.

Projected net worth at 65: $2.7M

#DualIncome #GlobalDiversification #retirement

[Financially Independent Parents @FiParents]

Reid, 55. High school teacher in Kansas City, Missouri. Makes $66k.

Married, one child in college. Has $245k in a 403(b).

Doing catch-up contributions ($650/month total) and $150/month into a brokerage with VOO.

Projected net worth at 65: $950k

#Teacher #VOO #retirement

[Financially Independent Parents @FiParents]

Owen, 29. Electrician in Nashville, Tennessee. Makes $71k.

Engaged, no kids. Has $28k in a Roth IRA.

Puts $450/month into the Roth and $250/month into a taxable brokerage with SCHD.

Projected net worth at 65: $1.5M

#Retire #Dividend #Roth #FIRE

[Financially Independent Parents @FiParents]

Brody, 42. Manufacturing supervisor in Grand Rapids, Michigan. Makes $71k.

Married, two kids in middle school. Has $130k in a 401(k).

Contributes 9% to the 401(k) and $300/month into a brokerage with SCHD.

Projected net worth at 65: $1.1M

#SteadyProgress #DividendInvesting

[Financially Independent Parents @FiParents]

Linda, 48. Office manager in Tampa, Florida. Makes $71k.

Has $185k already saved after years of steady 401(k) contributions.

Now adds $900/month into FXAIX.

Projected net worth at 65: ~$1.35M.

[Financially Independent Parents @FiParents]

@themoviedadsc Patient and disciplined it’s how you win