Author Topic: Save 50k single 100k couple in 2018  (Read 7097 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%

Best credit card bonuses right now:
AmEx Delta Platinum 70k through 5/16/18 
AmEx Delta Gold 50k through 5/16/18

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
Jack of all trades, master of none

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 »
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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.
"Aww, 20 dollars..I wanted a peanut." Homer Simpson

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!
Delta card referral, 10k extra for both of us (60k total bonus miles for you) http://refer.amex.us/JEFFRCP8UT?XLINK=MYCP

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.
Delta card referral, 10k extra for both of us (60k total bonus miles for you) http://refer.amex.us/JEFFRCP8UT?XLINK=MYCP

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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