Author Topic: Save 50k single 100k couple in 2018  (Read 22289 times)

NinetyFour

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Re: Save 50k single 100k couple in 2018
« Reply #100 on: April 07, 2018, 11:48:11 AM »
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $3,947 (that includes both employee and employer contributions)
403b:                $5,000
457:                 $5,000
mortgage principal:  $2,217
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $43,164

tralfamadorian

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Re: Save 50k single 100k couple in 2018
« Reply #101 on: April 07, 2018, 12:45:46 PM »
Q1:
                         GOAL     Q1       %
SE401k:                 18.5K     0        %
401k employer side:     12.5K     0        %
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     10.05K   100%
total:                    50K     19K       38%



« Last Edit: April 26, 2018, 07:15:27 AM by tralfamadorian »

neophyte

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Re: Save 50k single 100k couple in 2018
« Reply #102 on: April 07, 2018, 09:39:38 PM »
On track so far. HSA is dragging because I'll get a contribution from my employer in a couple months.
accountgoalMarch% goal
403(b)185004850.8526%
match44601115.1025%
HSA3450588.4517%
IRA55005500100%
mortgage principal46281137.9225%
taxable1346200%
total5000013192.3226.38%


zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #103 on: April 15, 2018, 01:11:13 PM »
Mid-month update:

401k 1: $5,390 / $18,500
Match: $736 / $3,000
401k 2: $781 / $18,500
HSA: $1,437 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $6,228 / $31,000
============================
Total: $30,572 / $92,900 (33%)

sisto

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Re: Save 50k single 100k couple in 2018
« Reply #104 on: April 16, 2018, 12:40:40 PM »
I'll join, but I won't be able to hit $100K for a couple. We are a single family income, so I can't put in 401K for DW.

401K $18500 On track through payroll
IRA 1 $5500 DONE
IRA 2 $6500 DONE
HSA $6900 On track through payroll
FSA $600 On track through payroll
Match $6000 (not exactly a match, but will be about this much put in by employer) DONE ~$6200
ESPP $12000 (this is an estimate full value based on sell and reinvest) On track through payroll
RSU $10000 On track
Tax $15000 DONE (see notes below)

I estimate about $81000, this is slightly higher than last year mostly due to increased maximums. Not sure about counting principal payments or not, but if added that's ~$12000 which puts us close to the challenge goal.

Principal paid to date ~$4100
I also sold quite a bit of ESPP and RUs I had been holding and reinvested it in VTSAX in my Taxable account.

Feeling good about my progress so far

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #105 on: April 16, 2018, 06:54:33 PM »
Sorry I'm late, but I'm in (single):
401K: 18500
401k matching: 5000
IRA: 5500
HSA: $3,450
Taxable: $17,550

Current Progress:
401K:                $6,723 / $18,500 - Will have to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $1,524 / $5,000 (may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere)
IRA:                  $8,835 / $8,835 (realized early this year I didn't max it last year, so this year included contributions for both tax years) - DONE
HSA:                  $774 / $3,450
Taxable:             $750 / $17,550 (pushed to get IRA contributions in first, this is up next)

Total:                 $18,606 / $53,335 (adjusted up for 2017 IRA contribution) - 35% done

Stretch goal is $60k by adding even more to the taxable account.

Paying the mortgage as well (about $900 per month to principal) but not counting it since that's my forever home.
« Last Edit: April 17, 2018, 09:53:43 AM by jlcnuke »

Rife

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Re: Save 50k single 100k couple in 2018
« Reply #106 on: April 17, 2018, 08:39:01 AM »
We are in again.

401k and match (mine): $23000
401k and match (hers): $24000
HSA: $5000
Mortgage Principal: $9000
Taxable: $48000

Total: $109000

The 401ks and HSA are on track and we have put 30000 into taxable so far. That is a bit ahead of schedule boosted by strong bonus at work.

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #107 on: April 17, 2018, 09:54:16 AM »
We are in again.

401k and match (mine): $23000
401k and match (hers): $24000
HSA: $5000
Mortgage Principal: $9000
Taxable: $48000

Total: $109000

The 401ks and HSA are on track and we have put 30000 into taxable so far. That is a bit ahead of schedule boosted by strong bonus at work.

Nice work!

linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #108 on: April 21, 2018, 07:32:46 AM »
April's numbers.

Married; single income; 2 kids

This month I repaired our dishwasher (circulation pump) and dryer (thermal fuse) to keep our 16 year old appliances going strong.  That probably saved us around $300 or more in labor costs this month.


HSA                   $1633 / $4900
HSA Match              $500 / $2000
401K After Tax       $28688 / $29270
401K Employer Match   $3331 / $7230
401K Pre Tax             $0 / $18500
Roth IRA              $3807 / $5500
Wife Traditional IRA  $3807 / $5500
Mortgage Principal    $2901 / $8834
Taxable Account          $0 / $7000

Total:               $44666 / $88734 (50.34%)

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #109 on: April 21, 2018, 08:51:59 AM »
April's numbers.

Married; single income; 2 kids

This month I repaired our dishwasher (circulation pump) and dryer (thermal fuse) to keep our 16 year old appliances going strong.  That probably saved us around $300 or more in labor costs this month.


HSA                   $1633 / $4900
HSA Match              $500 / $2000
401K After Tax       $28688 / $29270
401K Employer Match   $3331 / $7230
401K Pre Tax             $0 / $18500
Roth IRA              $3807 / $5500
Wife Traditional IRA  $3807 / $5500
Mortgage Principal    $2901 / $8834
Taxable Account          $0 / $7000

Total:               $44666 / $88734 (50.34%)


A note: the HSA limit for families was dropped from $6,900 back to $6,850 for this year.

linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #110 on: April 21, 2018, 10:38:50 AM »
April's numbers.

Married; single income; 2 kids

This month I repaired our dishwasher (circulation pump) and dryer (thermal fuse) to keep our 16 year old appliances going strong.  That probably saved us around $300 or more in labor costs this month.


HSA                   $1633 / $4900
HSA Match              $500 / $2000
401K After Tax       $28688 / $29270
401K Employer Match   $3331 / $7230
401K Pre Tax             $0 / $18500
Roth IRA              $3807 / $5500
Wife Traditional IRA  $3807 / $5500
Mortgage Principal    $2901 / $8834
Taxable Account          $0 / $7000

Total:               $44666 / $88734 (50.34%)


A note: the HSA limit for families was dropped from $6,900 back to $6,850 for this year.
Ah, I had forgotten about that... Thanks, I'll update that in next month's post.



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Arbitrage

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Re: Save 50k single 100k couple in 2018
« Reply #111 on: April 25, 2018, 05:48:53 PM »
Edit: As of 3/31
Goal: $100k

Stash accounts
403b - 4575 / 18500
SIMPLE IRA - 3479 / 12500
401a - 1509 / 6000
SIMPLE match - 625 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 7500 / 27000

Other savings
529 #1 - 1300 / 6000
529 #2 - 1300 / 6000
Extra principal on mortgage - 1000 / 6000

Not quite on track for taxable savings yet.  Child care cost reductions coming soon will hopefully help us get there.

If I juice the numbers a bit to include fixed debt repayment, I would add:
Standard principal payments on mortgage - 15200
Student loan principal - 2700

Hitting those goals means a NW increase of just under $120k in the absence of any investment returns/house price appreciation; i.e. this is what I can control.

NinetyFour

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Re: Save 50k single 100k couple in 2018
« Reply #112 on: April 26, 2018, 06:42:29 AM »
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $4,495 (that includes both employee and employer contributions)
403b:                $6,000
457:                 $6,000
mortgage principal:  $2,217
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $45,712

McStache

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Re: Save 50k single 100k couple in 2018
« Reply #113 on: April 29, 2018, 05:15:55 PM »
April Update:
Bucket         Current / Goal
401k          $ 12,315 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,500 / $ 5,500
HSA            $ 1,817 / $ 3,450
Brokerage      $ 6,552 / $ 13,550
------------------------------------
Total         $ 24,276 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #114 on: April 30, 2018, 11:31:14 AM »
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16968.21   /  $73,947 22.9%

Though it appears I'm behind it's actually on target, just due to a TFSA vs RRSP maxing switch that's happening in the second half of the year.

[Edited: Mixed up some savings that carried over from last year, not supposed to count it in this year]
« Last Edit: May 01, 2018, 05:20:26 PM by dreadmoose »

sisto

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Re: Save 50k single 100k couple in 2018
« Reply #115 on: April 30, 2018, 01:28:16 PM »
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2017 $4,035.22   /  $64,539 6.3%
Feb 2017 $8,027.74   /  $64,539 12.4%
Mar 2017 $12,975.69   /  $73,947 17.5%
Apr 2017 $22,101.81   /  $73,947 29.9%

You mean 2018 not 2017 right?

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #116 on: April 30, 2018, 01:30:30 PM »
You mean 2018 not 2017 right?

I did, thank you. I've edited them above.

FireHiker

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Re: Save 50k single 100k couple in 2018
« Reply #117 on: May 01, 2018, 05:45:44 PM »
Well, we didn't save a lot in April, but we had a pretty spendy trip and I was anticipating our savings rate plummeting for the month. I'm pretty disappointed that it went all the way down to 33.8% for the month of April but it at least still over 40% for the YTD (41.6% specifically). May should be MUCH more frugal than April was. We had a fabulous trip to Europe where we visited good friends and got to provide my awesome mother-in-law with a true once in a lifetime experience, so I have zero regrets on that and we'll focus on May and beyond! We are still BARELY on track for 100k over the entire year...

YTD:
401k, our contributions: $15,349.59
401k matches: $10,198.30
repayments on 401k loans: $4,867.95
HSA, including matches: $2,438.82
cash: $882.81

Total: $33,737.07




Fomerly known as something

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Re: Save 50k single 100k couple in 2018
« Reply #118 on: May 02, 2018, 08:05:26 AM »
April:

401k:  6293.00/18500
401k match:  2311.73/6000
IRA:  5,500/5,500
Taxable:  8347.64/35,000
House principle:  1874.52/5000
HSA:  $2,500/2,700
HSA pass through:  $187.5/$750

BlueHouse

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Re: Save 50k single 100k couple in 2018
« Reply #119 on: May 02, 2018, 11:13:49 AM »
Progress thru May 2018

                          YTD                Goal 
401K                      $10,000             $24,000   
401K match           $32,425             $36,000
Roth                      $ 6,500               $6,500
Taxable                 $ 20,000               $40,000
Car fund                $      0                $20,000
xtra mtg prin           $9,725              $23,340

============================================
TOTAL 2018 Goal                            149,840

$    2,510  Jan YTD Progress  = 1.7% of goal
$  42,285  Feb YTD Progress  = 28% of goal
$  43,905  Mar YTD Progress  = 30% of goal
$  46,415  Apr YTD Progress  = 31% of goal
$  68,925  May YTD Progress  = 46% of goal

ritz

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Re: Save 50k single 100k couple in 2018
« Reply #120 on: May 03, 2018, 09:33:12 AM »
April Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00019,00024,000
Total64,99224,25440,738
37.32% Complete

Good news for the month is that I found the right person to complain to about the 401(k), and they changed the plan so I should be able to start contributing this month! Bad news is that the 401(k) company apparently didn't fix it right and thinks I'm not eligible to contribute until 2039. Hopefully they can get it sorted out.

Need2Save

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Re: Save 50k single 100k couple in 2018
« Reply #121 on: May 04, 2018, 07:35:36 AM »
APRIL PROGRESS
$  6,277 / $ 18,500 -- 401k Mrs
$  3,296 / $   6,593 -- 401k Match Mrs (no change until July)
$  7,718 / $ 18,500 -- 401k Mr
$  6,773 / $   5,122 -- 401k Match Mr
$  2,836 / $   5,230 -- HSA Mrs
$     270 / $   1,670 -- HSA Mr
$49,775 / $ 60,000 -- Taxable Investments
$  4,400 / $   8,000 -- Other Savings
$16,142 / $ 30,900 -- Extra Principal Payments
$97,487 / $154,515 -- TOTAL GOAL FOR 2018 

Now up to 63% of annual goal!

My laziness paid off somewhat. I know the Family HSA limit was lowered to $6,850 but now the IRS has reversed it for 2018 back to $6,900 so I don't have to adjust the HSA for this year after all!

simonsez

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Re: Save 50k single 100k couple in 2018
« Reply #122 on: May 04, 2018, 09:24:18 AM »
Wow, inspiring stuff everyone!  I will say it's interesting to learn about the various accounting strategies that I've never thought of before.  I typically think of dollars in my gross paycheck that I am putting toward investments/retirement but now I see there are other ways to consider that make sense to me (and they get me to 50k!).

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #123 on: May 07, 2018, 05:32:38 PM »

A note: the HSA limit for families was dropped from $6,900 back to $6,850 for this year.
Ah, I had forgotten about that... Thanks, I'll update that in next month's post.



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FYI, it looks like they changed it back... https://www.benefitresource.com/blog/2018-hsa-limits-announced/

salt cured

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Re: Save 50k single 100k couple in 2018
« Reply #124 on: May 08, 2018, 07:58:46 AM »
Halfway to 100k and tracking $130k for the year.

As of end of May:
Tax Deferred:$41k
Taxable:$5k
Cash:$4.5k
Debt:$3k
Total:$53.5k
« Last Edit: June 01, 2018, 08:38:50 AM by salt cured »

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #125 on: May 12, 2018, 08:24:07 AM »
Late but end of April update:

401k 1: $6,160 / $18,500
Match: $841 / $3,000
401k 2: $1,558 / $18,500
HSA: $1,725 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $7,400 / $31,000
============================
Total: $33,684 / $92,900 (36%)

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #126 on: May 12, 2018, 03:31:35 PM »
Current Progress:
401K:                $6,723 / $18,500 - Will have to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $1,524 / $5,000 (may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere)
IRA:                  $8,835 / $8,835 (realized early this year I didn't max it last year, so this year included contributions for both tax years) - DONE
HSA:                  $774 / $3,450
Taxable:             $750 / $17,550 (pushed to get IRA contributions in first, this is up next)

Total:                 $18,606 / $53,335 (adjusted up for 2017 IRA contribution) - 35% done

Stretch goal is $60k by adding even more to the taxable account.

Paying the mortgage as well (about $900 per month to principal) but not counting it since that's my forever home.

It'll be a month in a few days and the numbers shouldn't change between now and then, so here's the May update:

401K:                $8,898 / $18,500 - Still having to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $2,144 / $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,251 / $3,450 - just upped the contribution rate as it seems the change I put in a while ago never went through
Taxable:             $7,050 / $17,550 - focusing on this now, though I am booking my fall vacation and taking my spring vacation this month so it likely won't jump quite this much next month..

Total:                 $28,178 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 53% done
« Last Edit: May 13, 2018, 07:23:22 AM by jlcnuke »

peeps_be_peeping

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Re: Save 50k single 100k couple in 2018
« Reply #127 on: May 18, 2018, 07:47:19 PM »
                         Goal           YTD       Remaining
401(k)               18,500       0           18,500
401(k) match      3,240         0           3,240
Taxable               33,260       4,675    28,585
Total                    55,000      4,675    50,325   9.3% to total

Single and aiming to save $55,000 in 2018, for about a 50% savings rate. I started a new job 3 months ago and I won't be able to join the 401(k) until July 1. So I am hoping to max out my 401(k) in the last six months of the year.

Update:

Turns out I'm eligible to join the 401(k) with my May paycheck (we are paid once per month). Also I decided to fund my Roth IRA.

                        Goal           YTD       Remaining
401(k)               18,496       0           18,496
401(k) match      3,240         0           3,240
Roth IRA             5,500        3,000      2,500
Taxable               27,764      15,025    12,739
Total                    55,000     18,025    36,975        32.7% to goal

gpyros85

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Re: Save 50k single 100k couple in 2018
« Reply #128 on: May 19, 2018, 03:24:30 AM »
Married, 1 income, 3 kids, income of 98k/year

401k             18500
401k Match    5140
Roth IRA        5500
Taxable          11660 

$40,800. Goal would be 50k/year, I don't really consider the HSA as savings since with 3 kids it gets used up pretty quickly.

I think it would benefit this forum if income was included also...


SAfAmBrit

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Re: Save 50k single 100k couple in 2018
« Reply #129 on: May 20, 2018, 09:40:53 AM »
Apr 2017

$    2365 / $    2,365 -401k
$    1600 / $    1,600--401k match
$   5,500 / $    5,500--Roth
$   6,500 / $    6,500--DH Roth
$  17,750 / $  86,000--Taxable Investment
_________________________
$ 33,715  / $  $100,865- On track

Arbitrage

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Re: Save 50k single 100k couple in 2018
« Reply #130 on: May 20, 2018, 04:07:19 PM »
Married, 1 income, 3 kids, income of 98k/year

401k             18500
401k Match    5140
Roth IRA        5500
Taxable          11660 

$40,800. Goal would be 50k/year, I don't really consider the HSA as savings since with 3 kids it gets used up pretty quickly.

I think it would benefit this forum if income was included also...

Why not use the taxable money to pay for your health bills, and allow the HSA to grow tax-free?  Keep your receipts and you'll be able to withdraw it down the road.

boarder42

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Re: Save 50k single 100k couple in 2018
« Reply #131 on: May 22, 2018, 11:16:35 AM »
Bout time for an ole update

401k 1 - 5500/18500
401k 2 - 7200/18500
Match 1 - 1050/3300
Match 2 - 1581/5700
HSA - 2515/6900
ESOP - 12000/12000
Roths - 11000/11000
Taxable - 2400/44000

Total = 43246 / 110000 = 40%

linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #132 on: May 22, 2018, 12:28:50 PM »
May's numbers.

Married; single income; 2 kids

Rolled over my after tax contributions to my Roth IRA this month.  Also revised my 401K after tax goal down by $213, but upped my employer match by about the same amount.  All of the 401K contributions should hopefully add to $55000 and be correctly allocated.  Because the 401K contributions are done on a percentage basis, I'll technically go just a bit beyond the $55k limit, but Fidelity sends out a check next year for any overages.  Both IRAs are now all finished for the year.



HSA                   $2042 / $4900
HSA Match              $500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $4114 / $7442
401K Pre Tax           $321 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $3633 / $8834
Taxable Account        $254 / $7000

Total:               $50670 / $88734 (57.1%)

gpyros85

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Re: Save 50k single 100k couple in 2018
« Reply #133 on: May 23, 2018, 01:20:35 AM »
Married, 1 income, 3 kids, income of 98k/year

401k             18500
401k Match    5140
Roth IRA        5500
Taxable          11660 

$40,800. Goal would be 50k/year, I don't really consider the HSA as savings since with 3 kids it gets used up pretty quickly.

I think it would benefit this forum if income was included also...

Why not use the taxable money to pay for your health bills, and allow the HSA to grow tax-free?  Keep your receipts and you'll be able to withdraw it down the road.

I have not thought of that option.

NinetyFour

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Re: Save 50k single 100k couple in 2018
« Reply #134 on: May 24, 2018, 01:45:33 PM »
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $5,589 (that includes both employee and employer contributions)
403b:                $8,000
457:                 $8,000
mortgage principal:  $2,776
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $51,365

salt cured

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Re: Save 50k single 100k couple in 2018
« Reply #135 on: June 01, 2018, 08:39:16 AM »
Halfway to 100k and tracking $130k for the year.

As of end of May:
Tax Deferred:$41k
Taxable:$5k
Cash:$4.5k
Debt:$3k
Total:$53.5k

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #136 on: June 01, 2018, 11:18:27 AM »
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5% (+14,493)

Sold my truck (our only vehicle outside of motorcycles) to get some more savings going this year. Looking good.

neophyte

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Re: Save 50k single 100k couple in 2018
« Reply #137 on: June 01, 2018, 12:41:22 PM »

accountgoalMay% goal
403(b)185007885.4542.6%
match44601858.5041.7%
HSA345045513.2%
IRA55005500100%
mortgage principal46282346.2750.7%
taxable1346200%
total5000018045.2236%
[/quote]

Need2Save

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Re: Save 50k single 100k couple in 2018
« Reply #138 on: June 02, 2018, 09:13:09 AM »
MAY PROGRESS
$  7,692 / $ 18,500 -- 401k Mrs
$  3,296 / $   6,593 -- 401k Match Mrs (no change until July)
$  9,071 / $ 18,500 -- 401k Mr
$  7,168 / $   5,122 -- 401k Match Mr
$  3,133 / $   5,230 -- HSA Mrs
$     330 / $   1,670 -- HSA Mr
$52,025 / $ 60,000 -- Taxable Investments
$  4,900 / $   8,000 -- Other Savings
$18,043 / $ 30,900 -- Extra Principal Payments
$105,658 / $154,515 -- TOTAL GOAL FOR 2018 

68% of annual goal now.

NinetyFour

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Re: Save 50k single 100k couple in 2018
« Reply #139 on: June 02, 2018, 06:32:23 PM »
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $6,524 (that includes both employee and employer contributions)
403b:                $8,000
457:                 $8,000
mortgage principal:  $3,315
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $52,839

jimmyshutter

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Re: Save 50k single 100k couple in 2018
« Reply #140 on: June 03, 2018, 02:55:00 AM »
24500 401K
 6500 Roth
 4400 Match
 5100 Taxable
----------------
 $40,500

I guess I'll be adding 10K to my taxable account this year to make up the difference.......I love this site :)


McStache

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Re: Save 50k single 100k couple in 2018
« Reply #141 on: June 03, 2018, 03:52:37 PM »
April Update:
Bucket         Current / Goal
401k          $ 14,115 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,500 / $ 5,500
HSA            $ 2,021 / $ 3,450
Brokerage      $ 6,552 / $ 13,550
------------------------------------
Total         $ 26,280 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%


A slow savings month for May due to an apartment deposit for an upcoming move, but still on schedule for the year.

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #142 on: June 04, 2018, 05:43:11 PM »
Updating end of month now:

401K:                $10,163 / $18,500 - Still having to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $2,572/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,374 / $3,450 - just upped the contribution rate as it seems the change I put in a while ago never went through
Taxable:             $8,000 / $17,550 - focusing on this now, though I booked my fall vacation and just got back from a week's vacation so not as much progress as I might have made otherwise

Total:                 $30,944 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 58% done

ritz

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Re: Save 50k single 100k couple in 2018
« Reply #143 on: June 06, 2018, 09:56:15 AM »
May Totals:
GoalActualRemaining
401(K)18,5004,09514,405
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00023,00020,000
Total64,99230,58734,405
47.06% Complete

Biggest accomplishment for the month was that my company finally fixed the 401(k) plan and I am now contributing! All of the investment options suck, but I figure I won't work here forever so I'll just roll it over when I leave.

Slow&Steady

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Re: Save 50k single 100k couple in 2018
« Reply #144 on: June 07, 2018, 08:38:38 AM »
I have looked past this challenge for the last few years because as a couple we did not even make 100k, so no way we could save 100k.  However, it looks like there are at least a few that joined as a couple that are not able to make the 100k goal either!!

We have a couple hiccups this year that makes our savings rates/abilities even lower than normal.  I am the only one with access to a 401k and I switched jobs, that means that I have lost the ability to contribute to 401k for 30 days and no longer have an HSA option.  I am also due with our 2nd (last) kid in March and will be taking an unpaid maternity leave, meaning no 401k contributions during that time and delayed (until I get back to work) savings for everything else.  So my updates might not happen again (or be unremarkable) until July-ish.  Although I think I should get a couple contributions into the new 401k in March before baby is born, we will see.

I also rounded the goals but the YTD and Remaining will include pennies!

The good news: baby is healthy, I am back to work and savings can begin (again), and we had maternity leave savings left over to pay a contractor to finish some of our DIY that started 6 years ago.
The bad news: I lost the flash drive that had my Excel file that I keep all this information so I had to re-create some of it, and the only thing that we have really done since March is make the min payments on debt.

Name Goal / YTD / Remaining      
401k S&S $5500 / $1302.55 / $4197.45       
401k Match $3895 / $1344.54 / $2550.46       
IRA DH $8500 / $3000 / $5500       
HSA   $1900 / $1900 / $0       
529  $1200 / $0 / $1200       
Debt $22600 / $6446.67 / $16153.33       

Total   $43595 / $13993.76 / $29601.24 = 68%

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #145 on: June 07, 2018, 01:16:59 PM »
The good news: baby is healthy, I am back to work and savings can begin (again), and we had maternity leave savings left over to pay a contractor to finish some of our DIY that started 6 years ago.
The bad news: I lost the flash drive that had my Excel file that I keep all this information so I had to re-create some of it, and the only thing that we have really done since March is make the min payments on debt.

NameGoalYTDRemaining
401k S&S$5500$1302.55$4197.45
401k Match$3895$1344.54$2550.46
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$6446.67$16153.33
Total$43595$13993.76$29601.24=68%

Congratulations on the baby! And you're certainly putting in work on your goals, so congrats on those too.

Just in case you want to turn your posts into a table I've copied it here (should be able to copy and paste it with updates as you do them). Can you tell I'm bored at work?

Code: [Select]
[table]
[tr][td]Name[/td][td]Goal[/td][td]YTD[/td][td]Remaining[/td][/tr]
[tr][td]401k S&S[/td][td]$5500[/td][td]$1302.55[/td][td]$4197.45[/td][/tr]
[tr][td]401k Match[/td][td]$3895[/td][td]$1344.54[/td][td]$2550.46[/td][/tr]
[tr][td]IRA DH[/td][td]$8500[/td][td]$3000[/td][td]$5500[/td][/tr]
[tr][td]HSA[/td][td]$1900[/td][td]$1900[/td][td]$0[/td][/tr]
[tr][td]529[/td][td]$1200[/td][td]$0[/td][td]$1200[/td][/tr]
[tr][td]Debt[/td][td]$22600[/td][td]$6446.67[/td][td]$16153.33[/td][/tr]

[tr][td]Total[/td][td]$43595[/td][td]$13993.76[/td][td]$29601.24[/td][td]=68%[/td][/tr]
[/table]

Slow&Steady

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Re: Save 50k single 100k couple in 2018
« Reply #146 on: June 07, 2018, 01:29:44 PM »
The good news: baby is healthy, I am back to work and savings can begin (again), and we had maternity leave savings left over to pay a contractor to finish some of our DIY that started 6 years ago.
The bad news: I lost the flash drive that had my Excel file that I keep all this information so I had to re-create some of it, and the only thing that we have really done since March is make the min payments on debt.

NameGoalYTDRemaining
401k S&S$5500$1302.55$4197.45
401k Match$3895$1344.54$2550.46
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$6446.67$16153.33
Total$43595$13993.76$29601.24=68%

Congratulations on the baby! And you're certainly putting in work on your goals, so congrats on those too.

Just in case you want to turn your posts into a table I've copied it here (should be able to copy and paste it with updates as you do them). Can you tell I'm bored at work?

Code: [Select]
[table]
[tr][td]Name[/td][td]Goal[/td][td]YTD[/td][td]Remaining[/td][/tr]
[tr][td]401k S&S[/td][td]$5500[/td][td]$1302.55[/td][td]$4197.45[/td][/tr]
[tr][td]401k Match[/td][td]$3895[/td][td]$1344.54[/td][td]$2550.46[/td][/tr]
[tr][td]IRA DH[/td][td]$8500[/td][td]$3000[/td][td]$5500[/td][/tr]
[tr][td]HSA[/td][td]$1900[/td][td]$1900[/td][td]$0[/td][/tr]
[tr][td]529[/td][td]$1200[/td][td]$0[/td][td]$1200[/td][/tr]
[tr][td]Debt[/td][td]$22600[/td][td]$6446.67[/td][td]$16153.33[/td][/tr]

[tr][td]Total[/td][td]$43595[/td][td]$13993.76[/td][td]$29601.24[/td][td]=68%[/td][/tr]
[/table]

Thank you, the none table thing was driving me crazy but I hadn't spent the time to figure it out yet.

linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #147 on: June 21, 2018, 07:51:18 PM »
June's numbers.

Married; single income; 2 kids

We're narrowing in on possible FIRE next year October.  We'll see.



HSA                   $2450 / $4900
HSA Match              $500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $4357 / $7442
401K Pre Tax           $962 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $4367 / $8834
Taxable Account       $1743 / $7000

Total:               $54441 / $88734 (61.4%)

Need2Save

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Re: Save 50k single 100k couple in 2018
« Reply #148 on: June 24, 2018, 06:41:25 AM »
JUNE PROGRESS
$  9,135 / $ 18,500 -- 401k Mrs
$  3,296 / $   6,593 -- 401k Match Mrs (no change until July)
$10,425 / $ 18,500 -- 401k Mr
$  7,562 / $   5,122 -- 401k Match Mr
$  3,433 / $   5,230 -- HSA Mrs
$     390 / $   1,670 -- HSA Mr
$54,125 / $ 60,000 -- Taxable Investments
$  5,400 / $   8,000 -- Other Savings
$19,944 / $ 30,900 -- Extra Principal Payments
$113,709 / $154,515 -- TOTAL GOAL FOR 2018 

74% of our annual goal now.
July should more exciting. I have a 2nd bonus coming, I'll get 401k match for the first 6 months of the year, and we'll have quarterly ESPP to divert to investments as well.

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #149 on: June 29, 2018, 07:06:06 AM »
Updating end of month now:

401K:                $10,163 / $18,500 - Still having to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $2,572/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,374 / $3,450 - just upped the contribution rate as it seems the change I put in a while ago never went through
Taxable:             $8,000 / $17,550 - focusing on this now, though I booked my fall vacation and just got back from a week's vacation so not as much progress as I might have made otherwise

Total:                 $30,944 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 58% done

End of June update:

401K:                $11,839 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year
401k matching:  $3.022/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,576 / $3,450 - Should be on track now
Taxable:             $6,350 / $17,550 - Overall this went down, but I did take a vacation and book two more vacations during the past month so I should be able to get back on top of this moving forward. I used money from this account to pay for the trips and so I took that back out of this year's contributions.

Total:                 $34,422 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 65% completed