Author Topic: Save 100k(couple) or 50k(single) in 2017  (Read 7866 times)

FI@2022Jem

  • Stubble
  • **
  • Posts: 107
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #50 on: January 16, 2017, 11:54:39 AM »
I'm in to try!  We are a couple but our goal will be $63,000 (toddler in daycare is slowing us down a bit...).

I have gotten close the last couple of years but never completely maxed my 401k but this is the year!  We have also never opened a taxable account but this year I plan to front load the 401k then open a taxable account once it's maxed.

401k: 18,000
401k match: 1,400
457 (available at side gig): 600
IRA’s: 11,000
Mortgage Principal (3 loans): 22,000
Taxable: 10,000 (stretch goal)
------------------------------------------------
Total: $63,000

2Birds1Stone

  • Magnum Stache
  • ******
  • Posts: 2734
  • Age: 29
  • Location: New York
  • CFO
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #51 on: January 16, 2017, 12:12:31 PM »
This is going to be a huge stretch goal of ours this year! But we are in :)

Retirement Contributions
$18,000 his 401k
$7,000 her 401k
$5,500 his Roth IRA
$5,500 her Roth IRA
$6,750 HSA

$42,750 Total

Non Retirement Contributions
$24,000 his Taxable
$12,000 his EF
$12,000 her EF
$6,000 her Taxable
$3,250 Combined Joint Travel Fund

$57,750 Total

$100,000 Grand Total
"A small house can hold as much happiness as a big one." - Fortune Cookie

35 Months Till "Gap Year" - Stop by, or stay a while.....
https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/

Gimesalot

  • Pencil Stache
  • ****
  • Posts: 515
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #52 on: January 16, 2017, 03:58:46 PM »
This year I'm in with a stretch goal:

401K & Match:                $25840
HSA:                               $3400
IRA:                                $5500
DH IRA:                           $5500
Taxable Savings:            $36000
=====================================
Total:                             $76240

boarder42

  • Magnum Stache
  • ******
  • Posts: 4855
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #53 on: January 17, 2017, 05:43:44 AM »
This is going to be a huge stretch goal of ours this year! But we are in :)

Retirement Contributions
$18,000 his 401k
$7,000 her 401k
$5,500 his Roth IRA
$5,500 her Roth IRA
$6,750 HSA

$42,750 Total

Non Retirement Contributions
$24,000 his Taxable
$12,000 his EF
$12,000 her EF
$6,000 her Taxable
$3,250 Combined Joint Travel Fund

$57,750 Total

$100,000 Grand Total

why is your taxable so high with out maxing her 401k?
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.

2Birds1Stone

  • Magnum Stache
  • ******
  • Posts: 2734
  • Age: 29
  • Location: New York
  • CFO
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #54 on: January 17, 2017, 06:33:41 AM »
why is your taxable so high with out maxing her 401k?

We are both in commissioned sales and both of our employers only allow a certain % of our BASE salary to be deferred into 401k.

In 2015 I was unable to max out my 401k despite earning $109k gross w-2 earnings.

It sucks, and despite our efforts to push for changes there has been no progress in this area.
"A small house can hold as much happiness as a big one." - Fortune Cookie

35 Months Till "Gap Year" - Stop by, or stay a while.....
https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/

boarder42

  • Magnum Stache
  • ******
  • Posts: 4855
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #55 on: January 20, 2017, 09:57:42 AM »
why is your taxable so high with out maxing her 401k?

We are both in commissioned sales and both of our employers only allow a certain % of our BASE salary to be deferred into 401k.

In 2015 I was unable to max out my 401k despite earning $109k gross w-2 earnings.

It sucks, and despite our efforts to push for changes there has been no progress in this area.

interesting and annoying.
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.

2Birds1Stone

  • Magnum Stache
  • ******
  • Posts: 2734
  • Age: 29
  • Location: New York
  • CFO
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #56 on: January 20, 2017, 10:03:29 AM »

interesting and annoying.

I would say more so frustrating than annoying! That extra tax advantaged space would be precious at our tax bracket. It would allow her to qualify for the savers tax credit too!
"A small house can hold as much happiness as a big one." - Fortune Cookie

35 Months Till "Gap Year" - Stop by, or stay a while.....
https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/

ritz

  • 5 O'Clock Shadow
  • *
  • Posts: 7
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #57 on: January 20, 2017, 10:41:18 AM »
I'm in! I only worked for three months last year, so I spent a lot of my savings in 2016, so hoping to make up for some of that spending, and still trying to max out my 2016 Roth IRA and HSA.

401(K)    18,000
401(K) Match    7,200
2016 Roth IRA    1,500
2017 Roth IRA    5,500
2016 H.S.A.    513
2017 H.S.A.    3,400
Taxable    17,000
Total    53,113

Sailor Sam

  • Magnum Stache
  • ******
  • Posts: 4747
  • Age: 36
  • Location: Steel Beach
  • Semper...something
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #58 on: January 20, 2017, 11:03:46 AM »
I crashed and burned last year, and 'only' saved $36k of the projected $50k. I'm trying again this year.

TSP....$18,000
IRA....$5,500
After Tax....$26,000
Total $50,000

The process has been fully automated, and there's even an extra $5,000 built into the system. Maybe my goal should be $55,000, just to keep my nose to the grindstone.

McStache

  • 5 O'Clock Shadow
  • *
  • Posts: 78
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #59 on: January 20, 2017, 08:24:50 PM »
First month is done! (from an income/savings perspective at least)

January Update:
Bucket         Current / Goal
401k           $ 1,956 / $ 18,000
401k Match       $ 433 / $ 5,000
Roth IRA         $ 450 / $ 5,500
HSA              $ 283 / $ 3,400
Brokerage        $ 615 / $ 20,000
------------------------------------
Total          $ 3,727 / $ 50,000

January     $ 3,727    7.5%
« Last Edit: January 21, 2017, 01:03:28 PM by McStache »

RWD

  • Handlebar Stache
  • *****
  • Posts: 1274
  • Location: Mississippi
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #60 on: January 20, 2017, 10:04:21 PM »
January 2017

401k + matching: $1,610 / $21,219
HSA: $1,900 / $3,400
ORP + matching: $1,475 / $14,745
457: $0
403b: $0
Roth IRAs: $11,000 / $11,000
Car loan principal: $485 / $5,962
Mortgage principal: $826 / $10,058
Brokerage: $0 / $33,616

TOTAL: $17.3k / $100k


Roth IRA investment is obviously carry over from the previous year, but it will even out at the end of the year when I don't invest money earmarked for our 2018 Roth IRA contributions. I intend to make investments to my brokerage account three times this year, in April, July, and October.

asauer

  • Bristles
  • ***
  • Posts: 406
  • Location: North Carolina
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #61 on: January 21, 2017, 09:54:32 AM »
I'm in for this.  Paid off our mortgage earlier this month and will keep the same spending levels so all that extra will now go to investments.

linuxhero

  • 5 O'Clock Shadow
  • *
  • Posts: 30
  • Location: Raleigh, NC
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #62 on: January 21, 2017, 11:44:56 PM »
Woo, month #1 is done, savings-wise:


HSA:                   $479 / $5750
HSA Match:               $0 / $1000
401K After Tax:       $3817 / $27010
401K Employer Match:   $482 / $6885
Roth IRA:              $232 / $5500
401K Pre Tax:            $0 / $18000
Wife Traditional IRA:  $232 / $5500
Mortgage principle:    $689 / $8446
=====================================
Total:                $5931 / $78091 (7.6%)


K-ice

  • Pencil Stache
  • ****
  • Posts: 677
  • Location: Canada
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #63 on: January 25, 2017, 08:28:05 PM »
Hello!

Posting to follow & play a little later.

Stachless

  • 5 O'Clock Shadow
  • *
  • Posts: 42
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #64 on: January 25, 2017, 11:13:48 PM »
My company contributes their 401k match in a lump sum, once per year.  Before Christmas I predicted that our match would be on the day the Dow hit 20k for the first time.  Guess what happened today?  Why am I never this right in Vegas??  Anyway, that does it for my month's savings:

YTD $                    YTD %
$23,746                23.5%

Looks like a sexy start on paper, but this was the easy part! This was mostly free money from pension contribution and 401k match i.e. no personal sacrifice or chance to get distracted by Vice Emergencies or shiny objects.  I'll get to max out my 401k for the year on 2/10/17, but then its on to those cursed 2016 IRAs.  We folks in sunny california only get to take home around half of our earned income (I'm MFJ, 5 dependents, claiming 12) That non-deductable $22k (for 2 years worth of me and wife's IRA) takes just about $45k of earnings.  Hey now if Phil Mickleson can be a complainy pants about California taxes so can I !!!

I have 12 'buckets' set up for this year, with a plan to knock out at LEAST one per month.  The highest hurdles should be cleared by May, allowing for a guilt-free summer that will make Rob Gronkowski blush!!  To paraphrase St. Augustine: MMM, make me Mustachian but not yet.  Baby steps!!





Dicey

  • Magnum Stache
  • ******
  • Posts: 4756
  • Age: 59
  • Location: NorCal
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #65 on: January 25, 2017, 11:49:24 PM »
Luckily, she is also on the frugal spectrum.
Oh, bigchrisb, that is hilarious! LMAO!!
Congratulations on your upcoming wedding! Sounds like you two are quite a pair. I wish you all the best. 
I did it! I have a journal!
http://forum.mrmoneymustache.com/journals/a-lot-like-this/
And hell yes, I am still moving confidently in the direction of my dreams...

StarBright

  • Pencil Stache
  • ****
  • Posts: 648
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #66 on: January 26, 2017, 09:05:57 AM »
401k Starbright                         1,107  / 14,400                         
Starbright company match              0   /   1,000
401a and 457 DH                         918  / 11, 380
401a employer match                   441  /    5,556
Roths                                           200  /  11,000
529 for kids                                     0  /     3,000
HSA                                             300  /    3,000
Extra Mortgage Principal              400  /    3,600
Taxable/Moneymarket                    35  /    7,100

$3,410/ $60,000  (5.6 %)

We had house repairs and the last of Christmas to pay off this month. Hopefully we'll save a bit more next month. I also have to remind myself that this is a major stretch.

MrsTuxedocat

  • Stubble
  • **
  • Posts: 176
  • Location: Canada
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #67 on: January 29, 2017, 01:24:26 AM »
We'd like to join along -- this year we will try to save 75k.

Rife

  • 5 O'Clock Shadow
  • *
  • Posts: 25
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #68 on: January 29, 2017, 04:49:36 PM »
We saved over 100000 last year and these are our goals for 2017. So far, we have unexpected bonus money coming, and I am making a lot in overtime, so we may surpass the goals by the end of the year. The emergency fund and college fund are on track to be done by June.

401K + match (mine) - 23000
401k + match (hers) - 22000
HSA (mine) - 3400
HSA (hers + child) - 6750

Emergency Fund - 15000
College Fund - 20000

Taxable brokerage - 12000
Mortgage principal - 8400

Total: $111550

ThePaulAvery

  • 5 O'Clock Shadow
  • *
  • Posts: 2
  • Location: Fort Dix, NJ
    • Paul Avery
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #69 on: January 29, 2017, 07:08:20 PM »
100k is a stretch, but I think its good to reach.  A realistic goal for us in 2017 is $70k.  We hit $60k in 2016

TSP - $18k
Roth IRAs - $11k
Mortgage Principal - $4500
Student Loans - $32k
Taxable Accts - $??

A lot depends on the Mrs picking up an extra shift per week beginning in April.  We've already tightened up some spending holes during the UFM challenge in January and an extra $8k in salary should get us to $70k.

SAfAmBrit

  • 5 O'Clock Shadow
  • *
  • Posts: 71
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #70 on: January 29, 2017, 08:15:44 PM »
I would like to join in. $100,000 is going to be a very big challenge but let's see how in goes.

$18,000     401k
$ 1,500      401k match
$ 5,500      Roth IRA
$ 6,500      DH Roth IRA
$36,000     Mortgage
$10,500     Taxable Vanguard
$10,000     Archaeology Dig
$12,000     Debt

Gives me $100,000. Will be very excited if I could do this!
« Last Edit: January 29, 2017, 08:24:57 PM by SAfAmBrit »

BlueHouse

  • Handlebar Stache
  • *****
  • Posts: 2252
  • Location: WDC
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #71 on: January 30, 2017, 08:32:34 AM »
2017 Progress against BlueHouse's Goal
 
  Year to date progress:       Saved          Goal
   401k                                2,000              24,000   
   401k match                    29,385              30,000   
   Roth IRA                          6,500              6,500   
   Taxable Savings              -23,400            100,000   
------------------------------------------------------------------------------         
   YTD                                 14,485            160,500         9% of goal
   
January YTD savings             14,485          160,500          9%

ETA:  Math
« Last Edit: January 30, 2017, 08:37:54 AM by BlueHouse »
Sometimes nothing can be a real cool hand

SpareChange

  • Stubble
  • **
  • Posts: 227
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #72 on: January 31, 2017, 12:13:43 AM »
January: $4993.76/50k (9.99%)

jorjor

  • Bristles
  • ***
  • Posts: 321
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #73 on: January 31, 2017, 01:56:53 PM »
We are $8,363 / $100,000 so right on track. Wife's backdoor Roth was maxed plus my 401k, HSA contribs, and $500/mo additional principal.

February will be a bigger month. Wife's 401k contribs at new job won't start until February (which was quite frustrating). I'll get a 10% contribution from my company into our profit sharing plan which essentially acts like a year-end 401k match. Should probably start holding back a bit of an extra reserve for doctor bills for little guy's arrival expected in April, so might not do any IRA/taxable contributions until we do that.

ritz

  • 5 O'Clock Shadow
  • *
  • Posts: 7
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #74 on: January 31, 2017, 02:46:42 PM »
January Totals:
GoalActualRemaining
401(K)18,0001,38516,615
401(K) Match7,2005546,646
2016 Roth IRA1,5001,000500
2017 Roth IRA5,50005,500
2016 HSA5130513
2017 HSA3,40003,400
Taxable17,000017,000
Total53,1132,93850,175

I'm at about 5.53% for the year. Most of my money went towards paying for an expensive trip, so I should be able to save more going forward.

bigchrisb

  • Pencil Stache
  • ****
  • Posts: 858
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #75 on: January 31, 2017, 04:24:44 PM »
Luckily, she is also on the frugal spectrum.
Oh, bigchrisb, that is hilarious! LMAO!!
Congratulations on your upcoming wedding! Sounds like you two are quite a pair. I wish you all the best.

Glad it gets a giggle!  We are both definitely on the spectrum...

To update, January was a cracker of a month, with $24k saved, so 28% of target in the bank already.  However, it's a bit of an aberration, with a $16k tax refund skewing the numbers.  Target for remaining months = $12.4k/month.

Need2Save

  • Stubble
  • **
  • Posts: 140
    • Visit us at our Blog
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #76 on: January 31, 2017, 05:50:20 PM »
Luckily, she is also on the frugal spectrum.
Oh, bigchrisb, that is hilarious! LMAO!!
Congratulations on your upcoming wedding! Sounds like you two are quite a pair. I wish you all the best.

Glad it gets a giggle!  We are both definitely on the spectrum...

To update, January was a cracker of a month, with $24k saved, so 28% of target in the bank already.  However, it's a bit of an aberration, with a $16k tax refund skewing the numbers.  Target for remaining months = $12.4k/month.

Holy Smokes - $16k is a HUGE tax refund!  At least you put it to a good purpose - yourself! 

rpr

  • Bristles
  • ***
  • Posts: 452
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #77 on: January 31, 2017, 06:12:06 PM »
It is inspiring to see all of you.

While I will join, it is a difficult cause as our combined income after taxes (DINKS) is not enough to reach this target.

Expected savings this year
403b his and hers $36k (employee contributions)
401a his and hers ~$15k (employer contributions)
Roth IRA his and hers $11k
Taxable $12k
No access to HSAs.

Total $74k

A realistic annual savings goal for us would be $80k (an extra $500 a month if we really trim expenses). 

Sailor Sam

  • Magnum Stache
  • ******
  • Posts: 4747
  • Age: 36
  • Location: Steel Beach
  • Semper...something
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #78 on: January 31, 2017, 07:31:00 PM »
JANUARY
Fed TSP:   $1,482.68 / $18,000  ($16,517.32 remaining)
Trad IRA:    $687.48 / $5,500   ($4,812.52 remaining)
After Tax: $3,401.71 / $26,500  ($23,098.29 remaining)
Total:     $5,571.87 / $50,000 ($44,428.13 remaining)


The IRA and the TSP are automated to max out. I need to save $2208.33/month in my after tax account to hit $50k. I'm ahead! But it's only January.
« Last Edit: February 03, 2017, 12:18:38 PM by Sailor Sam »

neverrun

  • Stubble
  • **
  • Posts: 181
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #79 on: February 01, 2017, 04:20:35 AM »
January update.  I had to wait until the end of the month as my 3rd TSP contribution hit occurred on the 31st and we got a pay raise so that added a tiny bit extra to my company match that I wasn't sure of down to the penny.

$5,500 Roth
$2100 to taxable
$1500 HSA
$62.50 Employer contribution to the HSA
$2079 TSP
$818.84 TSP Match
_______
$12,060.34

ETA:  The next few months won't be as good as I had some extra pet expenses and have a 4 week trip to New Zealand coming up.  I likely won't have another great month until the back half of the year. 
« Last Edit: February 01, 2017, 04:24:56 AM by neverrun »

tryingtosave

  • 5 O'Clock Shadow
  • *
  • Posts: 13
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #80 on: February 01, 2017, 01:23:34 PM »
This is so inspiring. Never looked at it this way but I am in and will try and see how much I can actually save. Although I probably can't hit 100k with 2 kids in daycare and supporting parents.

Expected:

401k    18,000
match   5,080
401k    18,000
match   6,500
taxable 12,000
mortgage principal 15,060

Total 74,640. With a little digging around and cutting some things. I guess my target would be 80k this year.

HappierAtHome

  • Walrus Stache
  • *******
  • Posts: 5306
  • Location: Australia
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #81 on: February 01, 2017, 06:10:46 PM »
January: $14,132 saved. 14% of the way there.

Need to make the most of still having two high incomes before parental leave punches us in the gut :D

boarder42

  • Magnum Stache
  • ******
  • Posts: 4855
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #82 on: February 03, 2017, 07:46:56 AM »
Feb 1.

401k's - 2651/36k maxed
HSA - 606/6750 maxed
Roth's 11k Maxed
Company A Stock - 11k
401k A match - 149/3.25k
401k B match - 380/6.5k
Taxable 2000/26k

Total = 5786/100.5K
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.

PharmaStache

  • Stubble
  • **
  • Posts: 220
  • Location: Canada
  • Peg City 'Stache
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #83 on: February 05, 2017, 08:01:00 AM »
We're in for 50k.  We are splitting my mat leave this year so our household income is down quite a bit.

5.5k TFSA 1
5.5k TFSA 2
3k RRSP
2.5k RESP 1
5k RESP 2
19500 TFSA 1
9000 Taxable
(not including pension contributions/matches this year)

Need2Save

  • Stubble
  • **
  • Posts: 140
    • Visit us at our Blog
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #84 on: February 05, 2017, 09:00:47 AM »
Last year I only reported quarterly but I'm going to do monthly this year if I can keep up with it.

January 2017:
401k Mrs:  $1,354 / $18,000 (8%)
401k Match Mrs: $0 / $2,400 (0%) :-(
401k Mr: $1,383 / $18,000 (8%)
401k Match Mr: $377 / $5,500 (7%)
HSA Mrs: $1,787 / $5,230 (34% - includes employer $ of $1,500)
HSA Mr: $1,040 / $1,520 (68% - includes employer $ of $1,000)
Taxable Investments:  $1,000 / $14,300 (7%)
Other Savings: $0 / $10,800 (0%)
College 529: $416 / $4,990 (8%)
Other College: $415 / $14,000 (3%)
Extra Mortgage Princ:  $1,667 / $27,668 (6%)
$9,440 / $122,408 (8% of original goal)

Not a sexy month by any means because no extra income and only a two-check month for us.
We are waiting to see what colleges Son#2 gets in to and whether we will get any aid so our 'Other College' goal may be adjusted depending on outcome.






purple monkey

  • Bristles
  • ***
  • Posts: 307
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #85 on: February 12, 2017, 04:21:33 PM »
How are you able to save that much personally?

Are you owning or renting?

What specific MMM strategies work well for you?

boarder42

  • Magnum Stache
  • ******
  • Posts: 4855
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #86 on: February 12, 2017, 06:19:38 PM »
How are you able to save that much personally?

Are you owning or renting?

What specific MMM strategies work well for you?

We have high incomes around 165k. Plus side hustles.

We own an extremely expensive house 2100 amonth piti

We spend around 65k house taxes living expenses.

We travel hacked for cheap trips. We eat like kings on sub 300 a month for 2. We keep our home at 61 in the winter and 78 in the summer.

We don't have children yet but will soon.

We even own a boat with all this. We don't go out to eat much at all.

But most is due to insanely high income.

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.

linuxhero

  • 5 O'Clock Shadow
  • *
  • Posts: 30
  • Location: Raleigh, NC
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #87 on: February 20, 2017, 06:48:07 PM »
February numbers...


HSA:                   $958 / $5750
HSA Match:               $0 / $1000
401K After Tax:       $7634 / $27010
401K Employer Match:   $964 / $6885
Roth IRA:              $465 / $5500
401K Pre Tax:            $0 / $18000
Wife Traditional IRA:  $465 / $5500
Mortgage principle:   $1381 / $8446
=====================================
Total:                $11867 / $78091 (15.2%)

BlueHouse

  • Handlebar Stache
  • *****
  • Posts: 2252
  • Location: WDC
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #88 on: February 21, 2017, 10:14:20 AM »
2017 Progress against BlueHouse's Goal
 
  Year to date progress:       Saved          Goal
   401k                                4,000              24,000   
   401k match                    29,895              30,000   
   Roth IRA                          6,500              6,500   
   Taxable Savings               -3,400            100,000   
------------------------------------------------------------------------------         
   YTD                                 36,995            160,500         23% of goal
   
January YTD savings             14,485          160,500          9%
February YTD savings            36,995          160,500         23%

Sometimes nothing can be a real cool hand

McStache

  • 5 O'Clock Shadow
  • *
  • Posts: 78
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #89 on: February 22, 2017, 07:27:34 PM »
February Update:
Bucket         Current / Goal
401k           $ 3,893 / $ 18,000
401k Match       $ 865 / $ 5,000
Roth IRA       $ 1,550 / $ 5,500
HSA              $ 567 / $ 3,400
Brokerage      $ 1,043 / $ 20,000
------------------------------------
Total          $ 7,918 / $ 50,000

January     $ 3,727    7.5%
February    $ 7,918    15.8%

DirtDiva

  • Stubble
  • **
  • Posts: 111
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #90 on: February 23, 2017, 06:57:40 AM »
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

I'll need to find an extra 15k to put into the taxable account. 

StarBright

  • Pencil Stache
  • ****
  • Posts: 648
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #91 on: February 23, 2017, 08:17:48 AM »
February numbers:

401k Starbright                         2,230 /  14,400                         
Starbright company match              0   /  1,000
401a w/ match DH                    2,160  /  12,960
457 DH                                        700   /  4,200
Roths                                           400  /  11,000
HSA                                             700  /   3,000
Extra Mortgage Principal              800  /   4,800
Taxable/Moneymarket                    70  /   8,640

$7,060/ $60,000  (11.76 %)

I have high hopes for March (barring potential medical bills). If we don't end up having big medical stuff I've decided to try for super low spend grocery/eat of our pantry/freezer and am hoping for a couple of hundred bucks to throw towards Roths next month.

Overall though I may need to take a better look at our budget. We may have made some charity commitments for this year that are going to get in the way of getting to 60k.



Need2Save

  • Stubble
  • **
  • Posts: 140
    • Visit us at our Blog
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #92 on: February 24, 2017, 01:57:32 PM »
February 2017:
401k Mrs:  $2,708 / $18,000 (15%)
401k Match Mrs: $0 / $2,400 (0%) :-(
401k Mr: $2,767 / $18,000 (15%)
401k Match Mr: $755 / $5,500 (14%)
HSA Mrs: $2,075/ $5,230 (40% - includes employer $ of $1,500)
HSA Mr: $1,082 / $1,520 (71% - includes employer $ of $1,000)
Taxable Investments:  $2,657 / $14,300 (19%)
Other Savings: $2,400 / $10,800 (22%)
College 529: $832 / $4,990 (17%)
Other College: $2,330 / $14,000 (17%)
Extra Mortgage Princ:  $3,334 / $27,668 (12%)
$20,939 / $122,408 (17% of original goal)

March promises to be WAY more exciting due to bonuses, third paycheck month, and Profit Sharing 401k deposit from Mr.Need2Save's employer! 

SAfAmBrit

  • 5 O'Clock Shadow
  • *
  • Posts: 71
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #93 on: February 27, 2017, 09:29:17 AM »
everything that will happen in Feb has happened - so

$4750  / $18,000     401k     
$0        /  $ 1,500     401k match
$1500  /  $ 5,500     Roth IRA
$0        /  $ 6,500     DH Roth IRA
$8964  / $36,000     Mortgage
$300    / $10,500     Taxable Vanguard
$0        / $10,000     Archaeology Dig
$1270  / $12,000     Debt

$16914 / $100000

I am happy with this start. Target was $16,666 for Feb - on track.

SpareChange

  • Stubble
  • **
  • Posts: 227
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #94 on: February 27, 2017, 11:22:21 PM »
February: $7,583.38/50k (25.2%)

RetirementDreaming

  • 5 O'Clock Shadow
  • *
  • Posts: 66
  • Location: Northern CA
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #95 on: February 27, 2017, 11:41:48 PM »
Feb 19.5% of goal.  Our stretch goal for the year is saving 148k which includes some mortgage pay down.

Dicey

  • Magnum Stache
  • ******
  • Posts: 4756
  • Age: 59
  • Location: NorCal
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #96 on: February 28, 2017, 02:26:31 AM »
Luckily, she is also on the frugal spectrum.
Oh, bigchrisb, that is hilarious! LMAO!!
Congratulations on your upcoming wedding! Sounds like you two are quite a pair. I wish you all the best.

Glad it gets a giggle!  We are both definitely on the spectrum...

To update, January was a cracker of a month, with $24k saved, so 28% of target in the bank already.  However, it's a bit of an aberration, with a $16k tax refund skewing the numbers.  Target for remaining months = $12.4k/month.
Oh, bigchrisb, I just saw your response. What an awesome start! That's a huge refund! One option would be to tweak your withholdings right now so you can save that money in the current year rather than waiting until next year to get another giant refund. That would make hitting your 2017 target even easier. Saving sooner also gives your investments more time to compound. Go, Chris, go!
I did it! I have a journal!
http://forum.mrmoneymustache.com/journals/a-lot-like-this/
And hell yes, I am still moving confidently in the direction of my dreams...

Dicey

  • Magnum Stache
  • ******
  • Posts: 4756
  • Age: 59
  • Location: NorCal
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #97 on: February 28, 2017, 02:37:55 AM »
I would like to join in. $100,000 is going to be a very big challenge but let's see how in goes.

$18,000     401k
$ 1,500      401k match
$ 5,500      Roth IRA
$ 6,500      DH Roth IRA
$36,000     Mortgage
$10,500     Taxable Vanguard
$10,000     Archaeology Dig
$12,000     Debt

Gives me $100,000. Will be very excited if I could do this!
Hmmm, care to elucidate?

You're planning on spending 10 grand on an archeology dig, but you still have 12k (or more) in debt?

Also, this list may add up to 100k, but some of these items appear to be spending rather than saving.

I'm refraining from any facepunching for the time being, but it's only with great willpower.
I did it! I have a journal!
http://forum.mrmoneymustache.com/journals/a-lot-like-this/
And hell yes, I am still moving confidently in the direction of my dreams...

FliXFantatier

  • Pencil Stache
  • ****
  • Posts: 519
  • Age: 31
  • Location: Los Angeles
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #98 on: February 28, 2017, 03:12:13 PM »
I would like to join in. $100,000 is going to be a very big challenge but let's see how in goes.

$18,000     401k
$ 1,500      401k match
$ 5,500      Roth IRA
$ 6,500      DH Roth IRA
$36,000     Mortgage
$10,500     Taxable Vanguard
$10,000     Archaeology Dig
$12,000     Debt

Gives me $100,000. Will be very excited if I could do this!
Hmmm, care to elucidate?

You're planning on spending 10 grand on an archeology dig, but you still have 12k (or more) in debt?

Also, this list may add up to 100k, but some of these items appear to be spending rather than saving.

I'm refraining from any facepunching for the time being, but it's only with great willpower.
I just assumed they are being paid for the archaeological dig and paying down their debt.

Sailor Sam

  • Magnum Stache
  • ******
  • Posts: 4747
  • Age: 36
  • Location: Steel Beach
  • Semper...something
Re: Save 100k(couple) or 50k(single) in 2017
« Reply #99 on: February 28, 2017, 03:49:40 PM »
FEBURARY
              FEB         SO FAR      GOAL
Fed TSP:   $1,482.68 /  $2,936.65 / $18,000 
Trad IRA:    $229.16 /    $916.64 /  $5,500 
After Tax: $6,961.43 / $10,363.14 / $26,500
Total:     $8,673.27 / $14,216.43 / $50,000


« Last Edit: April 01, 2017, 09:00:49 AM by Sailor Sam »