Author Topic: Save 50k single 100k couple in 2018  (Read 13198 times)

tralfamadorian

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Re: Save 50k single 100k couple in 2018
« Reply #150 on: June 29, 2018, 03:49:45 PM »
Q2:
                         GOAL     YTD      %
SE401k:                 18.5K     0        %
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     10.05K   100%
total:                    50K     31.5K    63%

Arbitrage

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Re: Save 50k single 100k couple in 2018
« Reply #151 on: June 29, 2018, 06:35:25 PM »

Edit: As of 6/29 - looks like we amped up the taxable savings this quarter!
Goal: $100k

Stash accounts
403b - 9203 / 18500
SIMPLE IRA - 6736 / 12500
401a - 2999 / 6000
SIMPLE match - 1250 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 18933 / 27000

Other savings
529 #1 - 2800 / 6000
529 #2 - 2800 / 6000
Extra principal on mortgage - 2500 / 6000

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 #152 on: June 29, 2018, 11:04:35 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:                $7,936 (that includes both employee and employer contributions)
403b:                $16,500
457:                 $16,500
mortgage principal:  $3,315
taxable account(s):  $46,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:        $103,251


Wowser.  :)

ToughMother

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Re: Save 50k single 100k couple in 2018
« Reply #153 on: June 30, 2018, 08:24:23 AM »
Q2 update:
                GOAL            Q2             %
457:       24,500.00   17,658.69    72.1%
403b:     24,500.00   24,500.00   100.0%
pension:   9,200.00     5,800.75    63.1%
total:     58,200.00   47,959.44    82.4%

And WOW, @NinetyFour -- that taxable account is your BFF!!! Even after a big trip.  CONGRATS!
« Last Edit: June 30, 2018, 08:48:18 AM by ToughMother »
In English & Latin,
ToughMother.

rebel_quietude

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Re: Save 50k single 100k couple in 2018
« Reply #154 on: June 30, 2018, 09:34:22 AM »
Sheesh, looking through - I don't see a single post from the end of June that's less than 50% of goal. Rockin' it, everybody!

Last year I saved $40,055.97.  $50k will be a stretch, but the good kind, I hope.

I can't claim credit for this at all. I sold my house, which resulted in a completely unsustainable (but nice) bump in savings.

Here's hoping I can repeat these numbers next year with just W2 income!

End of second quarter 2018:
 $9,285/ $18,500 401k (50%)
 $2,750/ $5,500 Roth (50%)
 $22,600/ $21,600 Taxable Brokerage (104%)
 $11,068/ $4,500 Cash (245%)

Jun 18 / 2018 Goal:
 $45,703/ $50,000 (91%)



NinetyFour

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Re: Save 50k single 100k couple in 2018
« Reply #155 on: June 30, 2018, 12:00:31 PM »
Q2 update:
                GOAL            Q2             %
457:       24,500.00   17,658.69    72.1%
403b:     24,500.00   24,500.00   100.0%
pension:   9,200.00     5,800.75    63.1%
total:     58,200.00   47,959.44    82.4%

And WOW, @NinetyFour -- that taxable account is your BFF!!! Even after a big trip.  CONGRATS!

Thanks, @ToughMother !  I just received my Voluntary Separation Incentive Payout (a full year's salary in a lump sum), so that definitely helped boost my savings!  I will receive one more regular paycheck on 7/13, and then the firehose of cash will stop--yikes!

You are doing great--looks like you will have no problem exceeding your goal!

Slow&Steady

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Re: Save 50k single 100k couple in 2018
« Reply #156 on: July 02, 2018, 08:22:06 AM »
NameGoalYTDRemaining
401k S&S$5500$1477.93$4022.07
401k Match$3895$1519.93$2375.07
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$6871.62$15728.38
Total$43595$14769.48$28825.52=33.88%

Sheesh, looking through - I don't see a single post from the end of June that's less than 50% of goal. Rockin' it, everybody!

Sorry to disappoint, but the goals were developed with the knowledge that I would be missing 3-4 months in the 1st half of the year due to maternity leave.  Hopefully, I will catch these up in the next few months.  Although the we will be hit with a very costly repair bill in July on the rental that will probably set us back on some of these goals.

AFrugalGuy

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Re: Save 50k single 100k couple in 2018
« Reply #157 on: July 02, 2018, 09:07:05 AM »
Right now, my husband and I are on track for $95,251.03 (a figure that does not include deductions for my DB pension plan). With his bonuses over the next six months, we should be able to reach that $100k threshold for the first time. We've done this through a combination of (very) lean spending and zero lifestyle inflation as our incomes have risen. My husband's new job also covers some monthly expenses (phone, gas, insurance for the car).

ToughMother

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Re: Save 50k single 100k couple in 2018
« Reply #158 on: July 03, 2018, 09:03:21 AM »

Thanks, @ToughMother !  I just received my Voluntary Separation Incentive Payout (a full year's salary in a lump sum), so that definitely helped boost my savings!  I will receive one more regular paycheck on 7/13, and then the firehose of cash will stop--yikes!

You are doing great--looks like you will have no problem exceeding your goal!

Ah, I had a cash infusion in April when I left my old soul-sucking job -- cashed out about 9 weeks of vacation at my old high pay and dumped it into my 403 and 457.  Now I'm piddling along at $500 per pay period (ouch, used to be $2K) but life is back and I just signed on yesterday to launch a ceramics studio for myself.  I hope you love retirement as much as I love having downsized my job.  It is nice to breathe and explore what life has to offer! Even if that means getting used to a garden hose rather than a firehose!

Cheers friend!
In English & Latin,
ToughMother.

ritz

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Re: Save 50k single 100k couple in 2018
« Reply #159 on: July 03, 2018, 09:14:02 AM »
June Totals:
GoalActualRemaining
401(K)18,5006,42812,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00027,00016,000
Total64,99236,92028,072
56.81% Complete

Nothing super exciting to report this month, but I guess that's good:-)

Slow&Steady

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Re: Save 50k single 100k couple in 2018
« Reply #160 on: July 03, 2018, 09:37:24 AM »
June Totals:
GoalActualRemaining
401(K)18,5006,42812,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00027,00016,000
Total64,99236,92028,072
56.81% Complete

Nothing super exciting to report this month, but I guess that's good:-)

Why are you putting so much into taxable and not filling the HSA or IRA?  This is a serious questions, I am interested to learn why people choose to do thing.

salt cured

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Re: Save 50k single 100k couple in 2018
« Reply #161 on: July 03, 2018, 12:41:25 PM »
As of the end of June. Goal is $130k.

Tax Deferred:$53k
Taxable:$5k
Cash:$16k
Debt:$3k
Total:$77k

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #162 on: July 03, 2018, 01:08:10 PM »
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%
June 2018 $39,302.70   /  $73,947 53.1% (+7841)

Project got back on track so overtime was approved, hasn't affected too much yet but should make the goals seem small by the end of the year. TFSA is now completely full, on to my RRSP and hopefully done that by November with new revamped goals. Only tracking myself, wife is still just getting started on her journey (will probably cause OMY for me until she's ready too).
Just starting on my FIRE journey, hopefully posting here creates accountability and eventually lowers my very anti-mustachian life habits.

Fomerly known as something

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Re: Save 50k single 100k couple in 2018
« Reply #163 on: July 06, 2018, 08:18:27 AM »
July:

401k/401k(Roth):  9793/18500
401k match:  3600.72/6000
IRA:  5,500/5,500
Taxable:  15332.5/35,000
House principle:  3444.51/5000
HSA:  $2,500/2,700
HSA pass through:  $375/$750

I recently switched from the traditional 401k to the Roth option due to what will be structural issues specific to me in retirement.  I might no make my taxable goal as I'm now looking at moving some yardwork expenses from next year to this year.

McStache

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Re: Save 50k single 100k couple in 2018
« Reply #164 on: July 06, 2018, 08:31:38 PM »
June Update:
Bucket         Current / Goal
401k          $ 15,915 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,950 / $ 5,500
HSA            $ 2,225 / $ 3,450
Brokerage      $ 7,925 / $ 13,550
------------------------------------
Total         $ 30,107 / $ 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%
June          $ 30,107   60.2%

rebel_quietude

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Re: Save 50k single 100k couple in 2018
« Reply #165 on: July 07, 2018, 04:41:02 PM »
Total$43595$14769.48$28825.52=33.88%

Sheesh, looking through - I don't see a single post from the end of June that's less than 50% of goal. Rockin' it, everybody!

Sorry to disappoint, but the goals were developed with the knowledge that I would be missing 3-4 months in the 1st half of the year due to maternity leave.  Hopefully, I will catch these up in the next few months.  Although the we will be hit with a very costly repair bill in July on the rental that will probably set us back on some of these goals.

@Slow&Steady Disappointed? Never! Congratulations, and best wishes for everyone's health and happiness (I'm thinking hopeful thoughts of babies sleeping through the night and taking it easy on their parents).

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #166 on: July 13, 2018, 08:03:20 AM »
Missed updating here for awhile but here's a catch up:

401k 1: $10,010 / $18,500
Match: $1,365 / $3,000
401k 2: $5,467 / $18,500
HSA: $3,150 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $9,506 / $31,000
============================
Total: $45,498 / $92,900 (49%)

Tracking just a bit behind schedule but hoping to pick it up now that our spendy Spring is over.