Okay, I'm in. $100k goal for us, which we were surprised to hit in 2016...
401k 1: $18,000
401k 2: $18,000 (might not hit exact due to her planned unpaid leave)
Match 1: $15,100 (large contribution hits in February with modest match throughout the year)
Match 2: $5,000 (not fully sure on the details here with her new job, but the somewhat ambiguous wording in the handbook sounded like a cap of $5k on match)
BD Roth 1: $5,500
BD Roth 2: $5,500
Addl mortgage principal: $6,000
Things that will help us get there again in 2017:
- Wife starts a new job, with +$8-15k salary depending on commissions/bonuses and better 401k match
- My salary +$5k. Salary isn't the main determinant of my income though, it is determined by billing rate and hours (revenue) and commissions on sales. Increased billing rate for 2017 is such that if I had the exact same hours as this year, my bonus will be +$20k. I also was part of getting a new large client with ongoing work in October. That helped us rack in savings in the end of this year, but with full year of us doing work for them I expect this will increase my compensation by as much as +$25k-30k.
- Less travel, dining out, drinking expenses with a little one on the way.
Things that will make it tougher in 2017, all related to our big addition planned in April:
- Wife doesn't have paid maternity but plans to take the full 12 week unpaid leave (maybe partially covered by disability, haven't seen details on her new policy).
- New baby expenses.
- Child care the last couple months of the year (I have 12 week paid paternity, which I will take after she returns, so we should be covered on our own until October-ish).
- One or both of us potentially going part-time (3-4 days a week) after we return.
- Potentially some home improvements this year (old boiler that eventually needs replaced and would like to put newer windows in to make things a little more cozy).
Good luck everyone!