Author Topic: Save 100k(couple) or 50k(single) in 2017  (Read 14672 times)

rpr

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #150 on: April 12, 2017, 03:21:14 PM »
April update:  2017 Progress against Goal
  Year to date progress:       Saved          Goal
   401k                                8,000              24,000   
   401k match                    30,915              30,000   


I just want to say that this is an amazing 401k match.
I'm turning 50 this year, so I think that match will increase to 36K for a total 401k contribution of $60k, (but i won't get it until next year)
I thought there was an IRS limit of $54K on the total.

dogboyslim

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #151 on: April 14, 2017, 12:11:06 PM »
Quote
The annual additions paid to a participantís account cannot exceed the lesser of:
100% of the participant's compensation, or

$54,000 ($60,000 including catch-up contributions) for 2017;  $53,000 ($59,000 including catch-up contributions) for 2016.

From: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits

BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #152 on: April 14, 2017, 12:52:12 PM »
Quote
The annual additions paid to a participantís account cannot exceed the lesser of:
100% of the participant's compensation, or

$54,000 ($60,000 including catch-up contributions) for 2017;  $53,000 ($59,000 including catch-up contributions) for 2016.

From: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits
Thanks for that link.  I've been confused about whether that $6K was a net increase or whether it just moved from the employer contribution bucket to the employee contribution bucket.  Good to know that I will be able to contribute $60K total this year to my 401k!  That's awesome!
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linuxhero

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #153 on: April 21, 2017, 09:02:43 AM »
April numbers...

Almost done with maxing out my after tax 401k contributions (which I'll be rolling over to a Roth IRA) for the year.  Yay!


HSA:                   $1917 / $5750
HSA Match:             $1000 / $1000
401K After Tax:       $28359 / $27010
401K Employer Match:   $3113 / $6885
Roth IRA:              $1750 / $5500
401K Pre Tax:             $0 / $18000
Wife Traditional IRA:  $1750 / $5500
Mortgage principle:    $2773 / $8446
=====================================
Total:                $40662 / $78091 (52%)

McStache

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #154 on: April 21, 2017, 01:30:58 PM »
April Update:
Bucket         Current / Goal
401k           $ 7,785 / $ 18,000
401k Match     $ 1,730 / $ 5,000
Roth IRA       $ 2,050 / $ 5,500
HSA            $ 1,133 / $ 3,400
Brokerage      $ 2,901 / $ 20,000
------------------------------------
Total         $ 15,599 / $ 50,000

January        $ 3,727   7.5%
February       $ 7,918   15.8%
March         $ 11,838   23.7%
April         $ 15,599   31.2%

Gimesalot

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #155 on: April 24, 2017, 08:19:28 AM »
I forgot that I set this as a goal!  Here are my numbers through March:

401K & Match:                $5963   / $25840  (23%)
HSA:                               $785     / $3400    (23%)
IRA:                                $5500   / $5500    (100%)
DH IRA:                           $0         / $5500    (0%)
Taxable Savings:            $12000 / $36000  (33%)
=====================================
Total:                             $24248  / $76240 (32%)

It looks like I am a little ahead of schedule! Unfortunately, I don't expect this to continue as I have some major house renovations coming up soon.

SAfAmBrit

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #156 on: April 27, 2017, 08:44:29 AM »
April Numbers

$8,891     / $18,000     401k     
$1,500     /  $ 1,500     401k match
$3,250     /  $ 5,500     Roth IRA
$0            /  $ 6,500     DH Roth IRA
$22,964   /  $36,000    Mortgage
$700        /  $15,000    Taxable Vanguard
$3300      /  $5,000      Archaeology Dig (Grant given so shifted more to taxable)
$2300      /  $12,000    Debt

$42,905 / $100,000

42.9% on track. Helps if I am not in a hurry!
« Last Edit: April 28, 2017, 08:43:57 AM by SAfAmBrit »

jillinsandiego

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #157 on: April 27, 2017, 12:24:03 PM »
April numbers are in. We didn't really have additional savings (beyond our pre-tax) this month because we took an amazing trip to Italy. We are a little behind for the year given that fact, but we are also out of vacation time, so we should be able to make it up before the end of the year.

So far, we are:

Jan: $3913.79
Feb: $6679.08
March: $13289.36
April: $5136.54
Total YTD: $29,022.23, or 29% towards the $100k target, broken out as follows:

YTD 401k contributions: $13,428.64
YTD 401k matching: $7,944.67
YTD repayments on 401k loans: $3,417.95
YTD HSA: $1,780.79
YTD cash savings: $2450.18

I'd really like to up our savings rate substantially. Current month was 33.7%, and year to date is 39%. I want to see 50%, but it's unlikely with the current childcare expenses.

Onward to May...

SpareChange

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #158 on: April 28, 2017, 09:07:31 AM »
April: $4,026.05

YTD: $21,574.01/50k (43.1%)


MishMash

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #159 on: April 28, 2017, 05:13:57 PM »
Whelp, just quit my job so I guess I am dropping out for this year YTD we saved 35k after an unexpected and high tax bill due to an estate distribution that we thought had been paid prior to distribution.

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #160 on: April 29, 2017, 06:09:09 AM »
APRIL UPDATED TOTALS/ORIG GOALS:
401k Mrs:  $6,144 / $18,000 (34%)
401k Match Mrs: $0 / $2,400 (0%)
401k Mr: $6,225 / $18,000 (35%)
401k Match Mr: $6,700 / $5,500 (122%) -- includes $5,000 employer profit sharing deposit
HSA Mrs: $2,791/ $5,230 (53% - includes employer $ of $1,500)
HSA Mr: $1,182 / $1,520 (78% - includes employer $ of $1,000)
Taxable Investments:  $21,285 / $14,300 (149%)
Other Savings: $4,800 / $10,800 (44%)
College 529: $1,665 / $4,990 (33%)
Other College: $2,745 / $14,000 (20%)
Extra Mortgage Princ:  $17,798 / $27,668 (64%)
TOTAL: $71,337 / $122,408 (58% of original goal)

Nothing exciting for April but each little bit helps.  We are really pleased at how much we've been able to put into taxable investments so far this year.

Keep up the great work, everyone!

RWD

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #161 on: April 30, 2017, 07:43:10 AM »
January 2017 - $17.3k
February 2017 - $22.6k
March 2017 - $39.4k

April 2017

401k + matching: $7,245 / $21,219
HSA: $3,400 / $3,400
Mandatory retirement + matching: $5,898 / $14,745
457: $0
403b: $0
Roth IRAs: $11,000 / $11,000
Car loan principal: $1,947 / $5,962
Mortgage principal: $3,318 / $10,058
Brokerage: $11,000 / $33,616

TOTAL: $43.8k / $100k
« Last Edit: July 07, 2017, 04:44:01 PM by RWD »

NinetyFour

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #162 on: April 30, 2017, 08:23:43 AM »
Singleton here.

So far this year (Jan - April):

Mortgage Principal:  $2779
401a (my contribution + employer's contribution:  $5175
403b:  $8400
457:  $4500

Total:  $20,854

Should be no problem for me to hit the $50K mark.  What will be more challenging is to max out both my 403b and my 457 (I can put $24k in each, because I am a respected elder).
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Countdown to Freedom:  273 days

Sailor Sam

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #163 on: April 30, 2017, 05:49:01 PM »
APRIL
              MAR         YTD        GOAL
Fed TSP:   $1,549.66    $6,021.36   $18,000 
Trad IRA:    $459.36    $1,834.84    $5,500
After Tax:   $706.90   $14,319.30   $26,500
Total:     $2,715.92   $22,175.50   $50,000

Jan YTD Savings:   $5,571.87  (11% of goal) 
Feb YTD Savings:  $13,850.36  (28% of goal)
Mar YTD Savings:  $19,459.58  (39% of goal)
Apr YTD Savings:  $22,175.50  (47% of goal)


Definitely a slower month, but I'm still pretty pleased with the progress. I'm participating in the Hella Cheap-Ass May. The highest my savings rate could go is 71% of net. Let's see how close I can get.
« Last Edit: June 09, 2017, 11:10:36 PM by Sailor Sam »

boarder42

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #164 on: May 01, 2017, 06:17:47 AM »
Time for an update as dust is settling around some unexpected expenses.

401k's - 36k  / 10500
HSA - 6750   /  2216
Roth's 11k    /   11k
Company A Stock - 11k
401k A match - 3.25k   / 750
401k B match - 6.5k     /  1300
Taxable 26k     / 2000

Total = 27k    /    100.5K  27%
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DirtDiva

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #165 on: May 02, 2017, 05:23:40 PM »
I'm in a couple of months late to the challenge, but we were already getting close.

24,000    my 457
11,383    my match
24,000    hub's 401k
  1,440    hub's match
12,170    mortgage principal
12,000    taxable savings
__________
$84,933



$37,416 so far, right on target for the year. 
If market gains counted, I would be all set for 2017 (as I'm sure most of you would be). 

bigchrisb

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #166 on: May 02, 2017, 10:11:26 PM »
Sadly, I have blown mine in April.  Combination of a honeymoon, costs associated with an upcoming kid, and booking in a bucket list trip for before the kid arrives.  Sadly I'm out for this one from here on in.

neverrun

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #167 on: May 05, 2017, 05:32:08 PM »
April update.

$5,500/5500 Roth
$8400/41,110 to taxable
$2500/2600 HSA
$250/750 Employer contribution to the HSA
$6237/18000 TSP (401K)
$2480.6/7040 TSP Match
_______
$25367.6/$75,000

Just learned I will likely blow my investing out of the park.  I'm being transferred so could see an extra $100,000 put into my taxable account as I will be most likely converting not insignificant housing gains into investments.

ritz

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #168 on: May 10, 2017, 06:01:00 PM »
April Totals:
GoalActualRemaining
401(K)18,0004,86313,137
401(K) Match7,2001,9455,255
2016 Roth IRA1,5001,5000
2017 Roth IRA5,5002,5003,000
2016 HSA5135130
2017 HSA3,4001,3602,040
Taxable17,000017,000
Total53,11312,68240,431

Ended April 23.88% done. I actually also had about $1,200 I could have moved to taxable savings, but I was anticipating an expensive May with some one-off expenses, so I'm holding off and just leaving it in my savings account for now. (ETA that this was actually May money that I moved, but I did this April summary so far into May that I forgot when this happened.) So far I've been right, with a several hundred dollar medical bill, airfare for my summer vacation, and purchasing Hamilton tickets. (I'm pretty happy about two of those expenses though!) I'm hoping that my tax refund finally comes through in May, so my percent saved could make a big jump this month!
« Last Edit: May 31, 2017, 12:03:15 PM by ritz »

linuxhero

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #169 on: May 26, 2017, 01:53:07 AM »
May numbers...

Just finished rolling over the 401K after tax to my Roth/Rollover IRAs.  Now, working on finishing up the contributions to the Roth/Traditional IRAs.


HSA:                   $2396 / $5750
HSA Match:             $1000 / $1000
401K After Tax:       $28669 / $27010
401K Employer Match:   $3609 / $6885
Roth IRA:              $3481 / $5500
401K Pre Tax:           $310 / $18000
Wife Traditional IRA:  $3481 / $5500
Mortgage principle:    $3473 / $8446
=====================================
Total:                $46419 / $78091 (59%)

boarder42

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #170 on: May 26, 2017, 06:07:07 AM »
may month end

401k's - 36k  / 13070
HSA - 6750   /  2619
Roth's 11k    /   11k
Company A Stock - 11k
401k A match - 3.25k   / 1086
401k B match - 6.5k     /  1611
Taxable 26k     / 8600

Total = 38k    /    100.5K  38%
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

moonpalace

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #171 on: May 26, 2017, 07:25:39 AM »
I love this thread! So inspiring!

I'm late to the party but posting to follow, and track progress toward our goal of $75-80k for 2017

Solo 401k (employee)     $18,000
Solo 401k (employer)     $15,000
401a (incl. match)       $11,100
457                      $5,720
Debt principal           $28,827

TOTAL                    $78,647

The only real question mark in this is the "employer" contribution to the 401k; that will be a stretch. The rest is on autopilot. Also, there will be a pretty good tax refund if I get close to that $15k employer contribution goal (~$7k). Great motivation, and would be an awesome jump-start for next year's savings goals!
           

jillinsandiego

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #172 on: May 26, 2017, 11:19:45 AM »
I have my May numbers, as it's unlikely anything will be added before June. May was our last month will full day preschool!! June is not much lower because the middle child goes from before/after school care to full day summer care, but we'll start seeing a lot of savings there over the next few months, plus we should have our flex spending money reimbursed starting in June.

So far, we are (made a few adjustments to earlier numbers after fixing my spreadsheet math, but they are minor):

Jan: $3913.79
Feb: $6682.73
March: $13292.82
April: $5136.54
May: $5736.67
Total YTD: $34,765.74, or 34.7%% towards the $100k target, broken out as follows:

YTD 401k contributions: $17,030.60
YTD 401k matching: $8,575.81
YTD repayments on 401k loans: $4,533.05
YTD HSA: $2,165.41
YTD cash savings: $2460.87

savings rate for May was 37%, up from 33.7% in April. The numbers sure do add up quickly now that our 401k's are maxed, especially with my husband being able to make catch-up contributions.

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #173 on: May 26, 2017, 02:44:28 PM »
APRIL UPDATED TOTALS/ORIG GOALS:
401k Mrs:  $6,144 / $18,000 (34%)
401k Match Mrs: $0 / $2,400 (0%)
401k Mr: $6,225 / $18,000 (35%)
401k Match Mr: $6,700 / $5,500 (122%) -- includes $5,000 employer profit sharing deposit
HSA Mrs: $2,791/ $5,230 (53% - includes employer $ of $1,500)
HSA Mr: $1,182 / $1,520 (78% - includes employer $ of $1,000)
Taxable Investments:  $21,285 / $14,300 (149%)
Other Savings: $4,800 / $10,800 (44%)
College 529: $1,665 / $4,990 (33%)
Other College: $2,745 / $14,000 (20%)
Extra Mortgage Princ:  $17,798 / $27,668 (64%)
TOTAL: $71,337 / $122,408 (58% of original goal)

MAY UPDATED TOTALS/ORIG GOALS:
401k Mrs:  $7,530 / $18,000 (42%)
401k Match Mrs: $0 / $2,400 (0%) - won't change until July :-(
401k Mr: $9,830 / $18,000 (55%)
401k Match Mr: $7,092 / $5,500 (129%) -- includes $5,000 employer profit sharing deposit
HSA Mrs: $3,077/ $5,230 (59% - includes employer $ of $1,500)
HSA Mr: $1,220 / $1,520 (80% - includes employer $ of $1,000)
Taxable Investments:  $22,483 / $14,300 (157%)
Other Savings: $4,800 / $10,800 (44%) - no change
College 529: $2,080 / $4,990 (42%)
Other College: $2,745 / $14,000 (20%) - no change
Extra Mortgage Princ:  $19,358 / $27,668 (70%)
TOTAL: $80,217/ $122,408 (66% of original goal)

This was our lowest total $ saved month so far ($8,892) just because the way certain things are funded quarterly and with no extra checks, etc. We still appear to be ahead of schedule and on track to hit our stretch goal this year. 

SAfAmBrit

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #174 on: May 27, 2017, 09:53:05 AM »
May Numbers

$10,063    / $18,000     401k     
$1,500     /  $ 1,500      401k match
$3,750     /  $ 5,500      Roth IRA
$0           /  $ 6,500       DH Roth IRA
$30,300   /  $36,000      Mortgage
$950        /  $15,000      Taxable Vanguard
$3300      /  $5,000        Archaeology Dig (Grant given so shifted more to taxable)
$2700      /  $12,000      Debt

$52,493 / $100,000

52.4% on track. Kept well ahead of schedule which I am grateful for - we have some challenging few months coming up.

PharmaStache

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #175 on: May 27, 2017, 07:46:53 PM »
5.5k TFSA 1
5.5k TFSA 2
4k RRSP
2.5k RESP 1
5k RESP 2
19500 TFSA 1
8000 Taxable
(not bothering to include pension contributions/matches this year)
=50k

SpareChange

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #176 on: May 31, 2017, 10:34:54 AM »
May: $4,272.27

YTD: $25,846.28/50k (51.7%)

BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #177 on: May 31, 2017, 10:59:53 AM »
May update:  2017 Progress against Goal
 
  Year to date progress:       Saved          Goal
   401k                               10,000              24,000   
   401k match                    31,425              30,000   
   Roth IRA                          6,500              6,500   
   Taxable Savings               11,600            100,000   
------------------------------------------------------------------------------         
   YTD                                 59,525            160,500         37% of goal
   
January YTD savings             14,485          160,500          9%
February YTD savings            36,995          160,500         23%
March YTD savings                39,505          160,500         25%
April   YTD savings                67,015          160,500         42%
May    YTD savings                59,525          160,500         37% (ugh)

I'm really having a tough time getting ahead this year.  Big tax payment due, which is messing with my cash flow.  My taxable savings decreased by $10K.  Starting next month, I hope to make faster progress and catch up with my goal.
Sometimes nothing can be a real cool hand

ritz

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #178 on: May 31, 2017, 11:56:56 AM »
May Totals:
GoalActualRemaining
401(K)18,0006,26011,740
401(K) Match7,2002,5044,696
2016 Roth IRA1,5001,5000
2017 Roth IRA5,5003,5002,000
2016 HSA5135130
2017 HSA3,4002,0401,360
Taxable29,50014,50015,000
Total65,61330,81634,797
46.97% complete (34.49% without additional $12,500)

May ended up being a good month, income wise. First, I finally received my federal tax refund of about $4,000. $2,000 was moved towards savings and the rest went towards paying my bills due in June, so other than rent I have very little due for June. Second, my parents gave me $12,500 from the anticipated sale of their vacation home, which I moved to my taxable investment account. I wasn't sure how to account for it on my goal, since while I did save it, I didn't earn it, so it felt like cheating. I decided to just increase my taxable savings goal for the year by $12,500 and include it in the amount saved. June is a three paycheck month, so it will also be good income wise (and maybe I'll finally get my California tax refund, but I'm trying to be patient), however I also anticipate another $1,000-2,000 of expenses for a big trip in August, plus one of my two roommates might be leaving our three-bedroom, rent controlled apartment soon and I am strongly considering moving out myself instead of replacing her, so I am trying to keep extra cash around in case I move, plus obviously if I move out of an apartment shared with two other adults into my own place my expenses will increase significantly. I think it might be worth it at this point in my life however to finally have a space to myself.
« Last Edit: May 31, 2017, 12:14:17 PM by ritz »

boarder42

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #179 on: June 01, 2017, 01:26:46 PM »
May Totals:
GoalActualRemaining
401(K)18,0006,26011,740
401(K) Match7,2002,5044,696
2016 Roth IRA1,5001,5000
2017 Roth IRA5,5003,5002,000
2016 HSA5135130
2017 HSA3,4002,0401,360
Taxable29,50014,50015,000
Total65,61330,81634,797
46.97% complete (34.49% without additional $12,500)

May ended up being a good month, income wise. First, I finally received my federal tax refund of about $4,000. $2,000 was moved towards savings and the rest went towards paying my bills due in June, so other than rent I have very little due for June. Second, my parents gave me $12,500 from the anticipated sale of their vacation home, which I moved to my taxable investment account. I wasn't sure how to account for it on my goal, since while I did save it, I didn't earn it, so it felt like cheating. I decided to just increase my taxable savings goal for the year by $12,500 and include it in the amount saved. June is a three paycheck month, so it will also be good income wise (and maybe I'll finally get my California tax refund, but I'm trying to be patient), however I also anticipate another $1,000-2,000 of expenses for a big trip in August, plus one of my two roommates might be leaving our three-bedroom, rent controlled apartment soon and I am strongly considering moving out myself instead of replacing her, so I am trying to keep extra cash around in case I move, plus obviously if I move out of an apartment shared with two other adults into my own place my expenses will increase significantly. I think it might be worth it at this point in my life however to finally have a space to myself.

its not cheating youre saving it.  my parents give me 10k a year to transfer wealth ... i could blow it on a couple of these
https://thewhiskeywash.com/whiskey-styles/american-whiskey/michters-celebration-sour-mash-2016-whiskey-drops-5000-bottle/

or i could just buy VTSAX.  so i can buy 50 of those in 20 years.
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

StarBright

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #180 on: June 01, 2017, 02:24:53 PM »
May numbers:

401k Starbright                          4,461 /  14,400                         
Starbright company match              0   /  1,000
401a w/ match DH                   5,400  /  12,960
457 DH                                    1,750   /  4,200
Roths                                       1,000  /  11,000
HSA                                          1,400  /   3,000
Extra Mortgage Principal            2,000  /   4,800
Taxable/Moneymarket                  175  /   8,640

$16,186/ $60,000  (27 %)

My high hopes for spring were thwarted by health, home and auto surprises - ahh well.

 My next season of hope starts in August: oldest StarChild starts kindergarten which is significantly cheaper than daycare, DH will likely get a small cost of living raise, and my boss has switched to all "profit sharing" instead of crappy match + profit sharing on our 401ks. We had a good year last year and the share is based on an algorithm which takes into account the percentage of paycheck that you put in your 401k so I'm hoping work contribution comes in over my estimated amount.

August/September here we come!

RetirementDreaming

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #181 on: June 01, 2017, 05:37:27 PM »
End of May 46.7% of goal.  No more bonuses so it comes more difficult to save and 2 vacations coming up this summer.  Husband plans to retire next year so we really need to stay focused on the goal. 

Sailor Sam

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #182 on: June 09, 2017, 11:16:19 PM »
MAY
              MAY         YTD        GOAL
Fed TSP:   $1,515.22    $7,536.58   $18,000 
Trad IRA:    $459.36    $2,294.20    $5,500
After Tax: $3,777.33   $18,096.63   $26,500
Total:     $5,751.91   $27,927.41   $50,000

Jan YTD Savings:   $5,571.87  (11% of goal) 
Feb YTD Savings:  $13,850.36  (28% of goal)
Mar YTD Savings:  $19,459.58  (39% of goal)
Apr YTD Savings:  $22,175.50  (47% of goal)
May YTD Savings:  $27,927.41  (56% of goal)

RWD

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #183 on: June 20, 2017, 04:09:34 PM »
January 2017 - $17.3k
February 2017 - $22.6k
March 2017 - $39.4k
April 2017 - $43.8k

May 2017

401k + matching: $8,050 / $21,219
HSA: $3,400 / $3,400
Mandatory retirement + matching: $6,635 / $14,745
457: $0
403b: $0
Roth IRAs: $11,000 / $11,000
Car loan principal: $2,437 / $5,962
Mortgage principal: $4,153 / $10,058
Brokerage: $11,000 / $33,616

TOTAL: $46.7k / $100k
« Last Edit: July 07, 2017, 04:44:14 PM by RWD »

linuxhero

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #184 on: June 23, 2017, 08:06:40 PM »
June numbers...


HSA:                   $2875 / $5750
HSA Match:             $1000 / $1000
401K After Tax:       $28669 / $27010
401K Employer Match:   $4105 / $6885
Roth IRA:              $4672 / $5500
401K Pre Tax:           $930 / $18000
Wife Traditional IRA:  $4672 / $5500
Mortgage principle:    $4176 / $8446
=====================================
Total:                $51099 / $78091 (59%)


McStache

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #185 on: June 24, 2017, 07:46:59 AM »
May/June Update:
Bucket         Current / Goal
401k          $ 11,272 / $ 18,000
401k Match     $ 2,506 / $ 5,000
Roth IRA       $ 3,550 / $ 5,500
HSA            $ 1,700 / $ 3,400
Brokerage      $ 5,736 / $ 20,000
------------------------------------
Total         $ 24,764 / $ 50,000

January        $ 3,727   7.5%
February       $ 7,918   15.8%
March         $ 11,838   23.7%
April         $ 15,599   31.2%
May/June      $ 24,764   49.5%


Half way through the year and slightly less than half way to goal, though income tends to be higher later in the year so I think I should still comfortably save at least $50k.

jillinsandiego

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #186 on: June 27, 2017, 09:59:31 AM »
June numbers in, we are getting reimbursed for childcare flex spending now:

So far, we are:

Jan: $3913.79
Feb: $6682.73
March: $13292.82
April: $5136.54
May: $5736.67
June: $9056.87
Total YTD: $43,822.61, or 43.8% towards the $100k target, broken out as follows:

YTD 401k contributions: $20,632.56
YTD 401k matching: $9,206.95
YTD repayments on 401k loans: $6,468.15
YTD HSA: $2,550.03
YTD cash savings: $4,964.92

savings rate for June was 49.98%, up from 37% in May, but that included the first several months' worth of childcare flex spending (we waited until we hit the 5k spent to submit our reimbursement so we only have to do it once).

With ongoing maxed 401k's and the flex spending reimbursements, I think we can still make the 100k goal. It is a bit of a stretch, but it still looks possible to me.

dogboyslim

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #187 on: June 28, 2017, 07:29:03 AM »
Update through mid-year.

Source               Goal        YTD    Remaining
-------------------------------------------------
401(K)             18,000      9,921        8,079
Match              24,000     19,006        4,994
Taxable            60,400     45,400       15,000
Debt Reduction      7,700      3,871        3,829
-------------------------------------------------
Total             110,100     78,198       31,902


BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #188 on: June 29, 2017, 09:30:56 AM »

June update:  2017 Progress against Goal
 
  Year to date progress:       Saved          Goal
   401k                               12,000              24,000   
   401k match                    31,935              30,000   
   Roth IRA                          6,500              6,500   
   Taxable Savings               11,600            100,000   
------------------------------------------------------------------------------         
   YTD                                 62,035            160,500         39% of goal
   
January YTD savings             14,485          160,500          9%
February YTD savings            36,995          160,500         23%
March YTD savings                39,505          160,500         25%
April   YTD savings                67,015          160,500         42%
May    YTD savings                59,525          160,500         37% (ugh)
June YTD savings                  62,035          160,500         39%

Sometimes nothing can be a real cool hand

ritz

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #189 on: June 29, 2017, 10:40:11 AM »
June Totals:
GoalActualRemaining
401(K)18,0009,0468,954
401(K) Match7,2003,6183,582
2016 Roth IRA1,5001,5000
2017 Roth IRA5,5005,000500
2016 HSA5135130
2017 HSA3,4003,060340
Taxable29,50015,50014,000
Total65,61338,23727,376
58.28% complete (48.46% without additional $12,500)

June was pretty much as expected savings-wise, except still no sign of my California tax refund, so a little less in the taxable savings. (Perhaps that was expected? This state is such a mess.) I also added another $2,000 to my short term savings for my upcoming trip/possible move, although since my roommate has made no new mention of moving out, plus my boyfriend and I broke up, I think there's a good chance I'll stay put for the foreseeable future. Can't wait to max out my Roth IRA and HSA next month!

SpareChange

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #190 on: June 30, 2017, 09:21:53 AM »
June: $4,899.14 saved.

YTD: $30,745.42/50k (61.5%)

ToughMother

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #191 on: July 01, 2017, 04:32:44 AM »
Here's the Q2 update

                         (through 6/30 paycheck)
GOALS                       ACTUAL (Q1)
Pension savings $12K   6660 56%
457 savings $24K       13000 54%
403b savings $12K       9000 75% (got a promotion/raise, going here)
IRA savings $6.5K        6500 100% (I forgot I had already contributed to my 2016 account, so I had everything saved for 2017)
After tax savings $4K   7273 182% (rest of promotion/raise going here)
TOTAL $58.5K ($8K higher goal than 2016)  42,433 72% in Q2
In English & Latin,
ToughMother.

BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #192 on: July 01, 2017, 08:35:00 AM »
(I forgot I had already contributed ...
Mustachian people problem, for sure!  That's the great thing about this system, when you're not worried about where the next floogedlyboss is coming from, you can save without thinking about every penny. Woo hoo!
Sometimes nothing can be a real cool hand

SAfAmBrit

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #193 on: July 01, 2017, 10:51:20 AM »
June numbers

12975   18000   401k    
1400   1400   401k match   
2000   5500   Roth IRA   
0           6500   DH Roth IRA   
36000   36000   Mortgage   
1450   15800   Taxable Vanguard   
4800   4800   Archaeology Dig    
3200   12000   Debt   
61825   100000   61.8%

So I had the opposite problem - I was counting my 2016 shortage on my IRA + payment on 2017 - corrected. House is done - yahoo and archaeology dig is over so those of the final numbers. I am nowhere near fire but I am currently consumed with quitting. Next concentration will be IRA's and debt. It will be a bad month though as 3/4 family members are on vacation.      

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #194 on: July 01, 2017, 03:55:04 PM »
SAFAmBrit
4800   4800   Archaeology Dig    
I don't know how I missed this Archeology Dig category.  Do you have more details on this somewhere shared publicly?  I'm intriqued.  Always been interested in Archeology but it is not where near anything I do professionally and I've never participated in a dig before.

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #195 on: July 01, 2017, 03:56:55 PM »
Okay - June Updates Ready:

JUNE UPDATED TOTALS/ORIG GOALS:
401k Mrs:  $8,918 / $18,000 (50%)
401k Match Mrs: $0 / $2,400 (0%) - won't change until July :-(
401k Mr: $11,013 / $18,000 (61%)
401k Match Mr: $7,486 / $5,500 (136%) -- includes $5,000 employer profit sharing deposit
HSA Mrs: $3,364/ $5,230 (64% - includes employer $ of $1,500)
HSA Mr: $1,260 / $1,520 (83% - includes employer $ of $1,000)
Taxable Investments:  $23,683 / $14,300 (166%)
Other Savings: $4,800 / $10,800 (44%) - no change
College 529: $2,496 / $4,990 (50%)
Other College: $2,745 / $14,000 (20%) - no change
Extra Mortgage Princ:  $20,920 / $27,668 (76%)
TOTAL: $86,686/ $122,408 (71% of original goal)

I didnít think we would go lower than May, but we did in June. Things should go up a bit in July due to some quarterly savings we will do and also an incoming bonus. I also think this is our lowest projected month overall this year.  Still at 71% of our projected total, we are very happy.

SAfAmBrit

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #196 on: July 01, 2017, 05:51:40 PM »
SAFAmBrit
4800   4800   Archaeology Dig    
I don't know how I missed this Archaeology Dig category.  Do you have more details on this somewhere shared publicly?  I'm intriqued.  Always been interested in Archaeology but it is not where near anything I do professionally and I've never participated in a dig before.
This was an expense rather than income (we saved it to pay it). My daughter is doing a double major in earth science and anthropology so for her 21st we offered to send her on a dig - this one was in Orvieto in Italy (Cost was all in except flights which GP's paid) however she is also digging up a mammoth in the Mojave desert. You will be surprised how many are around. Contact you local college and ask.

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #197 on: July 01, 2017, 08:15:36 PM »
SAFAmBrit
4800   4800   Archaeology Dig    
I don't know how I missed this Archaeology Dig category.  Do you have more details on this somewhere shared publicly?  I'm intriqued.  Always been interested in Archaeology but it is not where near anything I do professionally and I've never participated in a dig before.
This was an expense rather than income (we saved it to pay it). My daughter is doing a double major in earth science and anthropology so for her 21st we offered to send her on a dig - this one was in Orvieto in Italy (Cost was all in except flights which GP's paid) however she is also digging up a mammoth in the Mojave desert. You will be surprised how many are around. Contact you local college and ask.
Thanks for the reply that is very cool and supportive of you.  I don't have time to devote to it right now, but it's one of the things I'd like to possibly get into in my early retirement years!

A college not far from where I live is actually doing a dig on an ancestrial home site where an earlier settler of my state lived in the 1700s. I mean, my personal family lineage. I did contact them, but they will only let current students participate. 

Sailor Sam

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #198 on: July 02, 2017, 06:30:44 PM »
JUNE
              MAY         YTD        GOAL
Fed TSP:   $1,515.22    $9,051.80   $18,000 
Trad IRA:    $459.36    $2,753.56    $5,500
After Tax: $3,202.30   $21,298.93   $26,500
Total:     $5,176.88   $33,104.29   $50,000

Jan YTD Savings:   $5,571.87  (11% of goal) 
Feb YTD Savings:  $13,850.36  (28% of goal)
Mar YTD Savings:  $19,459.58  (39% of goal)
Apr YTD Savings:  $22,175.50  (47% of goal)
May YTD Savings:  $27,927.41  (56% of goal)
Jun YTD Savings:  $33,104.29  (66% of goal)


Keep on truckin.

RetirementDreaming

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #199 on: July 04, 2017, 10:04:03 AM »
End of June 47.6% of goal.  Tracking behind but I think we can still reach it.  June was a spendy month for us.