Author Topic: Save 50k single 100k couple in 2018  (Read 22262 times)

ItsALongStory

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Re: Save 50k single 100k couple in 2018
« Reply #200 on: September 08, 2018, 09:35:41 AM »
Late tot he party but this is what my goals for 2018 look like. I am new to the forum so still tweaking some things.

Goals 2018:
- Max 401k: $18.5k
- 401k match: $9250
- HSA: $2400
- Employer subsidized HSA: $2000
- Roth IRA: $5500
- Taxable savings: $8000
- Equity in primary residence: $4200
- Stock vesting: $4500
Total: $54350

This will act as a baseline year with some tweaks going into 2019. Hoping to save an additional $10k in that year to offset the inevitable market collapse that everyone is predicting ;-)

tralfamadorian

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Re: Save 50k single 100k couple in 2018
« Reply #201 on: September 10, 2018, 03:43:44 PM »
Q2+2mo:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     20.05K   199%
total:                    50K     60K      120%

« Last Edit: September 11, 2018, 11:50:38 AM by tralfamadorian »

ItsALongStory

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Re: Save 50k single 100k couple in 2018
« Reply #202 on: September 11, 2018, 08:37:59 AM »
Q2+2mo:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     20.05K   199%
total:                    50K     60K      120%

[/quote]

that is freaking awesome with another 4 months left.

tralfamadorian

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Re: Save 50k single 100k couple in 2018
« Reply #203 on: September 11, 2018, 03:09:12 PM »
that is freaking awesome with another 4 months left.

thank you!

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #204 on: September 19, 2018, 08:10:54 AM »
Mid-September Update

401k 1: $13,333 / $18,500
Match: $2,120 / $3,000
401k 2: $8,593 / $18,500
HSA: $4,312 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $14,408 / $31,000
============================
Total: $58,766 / $92,900 (63%)

StarBright

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Re: Save 50k single 100k couple in 2018
« Reply #205 on: September 19, 2018, 09:02:44 AM »

3rd quarter check in.

401k Starbright                               $10,384.56 / $15,000.00
401a Starhus (includes match)       $9,922.50 / $13,230.00
Roth Starbright                                $1,125.00/ $1,500.00
Roth Starhus                                $1,125.00/ $1,500.00
Starbright employer match                $4,211.52/  $1,500.00 
457b Starhus                                $3,000.00  /  $4,200.00
HSA                                              $2,000.00 / $3,000.00
Taxable inv/Money Market                $3,952.50/  $5,270.00
Extra Mortgage Principal                $3,400.00/   $4,800.00
   
Total   $39,121.08 of  $50,000.00 (for a couple)

78% of the way there. We took a year off from trying to reach our stretch goal and will hit our current goal basically through auto saving and no extra squeezing/penny pinching. I think we'll try to stretch in 2019 again.

Need2Save

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Re: Save 50k single 100k couple in 2018
« Reply #206 on: September 21, 2018, 06:44:30 AM »
SEPTEMBER PROGRESS
$14,137 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$14,907 / $ 18,500 -- 401k Mr
$  8,941 / $   5,122 -- 401k Match Mr
$  4,622 / $   5,230 -- HSA Mrs
$     810 / $   1,670 -- HSA Mr
$84,025 / $ 60,000 -- Taxable Investments
$  6,900 / $   8,000 -- Other Savings
$28,347 / $ 30,900 -- Extra Principal Payments
$169,359 / $154,515 -- TOTAL GOAL FOR 2018 

110% of our annual goal. On track for $200k this year.

linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #207 on: September 21, 2018, 12:02:30 PM »
September's numbers.

Married; single income; 2 kids


HSA                   $3675 / $4900
HSA Match             $1000 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $5895 / $7442
401K Pre Tax          $8922 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $6588 / $8834
Taxable Account       $6093 / $7000

Total:               $72235 / $88734 (81.4%)

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #208 on: September 29, 2018, 09:19:28 AM »
End of September update

401k 1: $14,103 / $18,500
Match: $2,242 / $3,000
401k 2: $11,125 / $18,500
HSA: $4,600 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $19,258 / $31,000
============================
Total: $67,328 / $92,900 (72%)

Made a 9% jump toward getting on track for the goal with this last paycheck. DH got a bonus that we were able to put toward his 401K and the Student Loan which was great.

Unfortunately with how his 401k and HSA accounts are set up, they may not let us increase the contributions as planned throughout the rest of the year since it's over the percentage max they allow. Sucks but he will be getting a significant raise next month so moving forward, we plan to put additional funds toward the student loan. And I may get a small bonus next month as well that will also go toward the student loan so we're still tracking right along toward the goal for the year.

tralfamadorian

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Re: Save 50k single 100k couple in 2018
« Reply #209 on: September 29, 2018, 11:20:43 AM »
Q3:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     35.05K   349%
total:                    50K     75K      150%


ItsALongStory

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Re: Save 50k single 100k couple in 2018
« Reply #210 on: September 29, 2018, 01:51:36 PM »
Q3:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     35.05K   349%
total:                    50K     75K      150%


Holy crap, nice job! Gonna need to set a goal of 100k for next year :)

Arbitrage

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Re: Save 50k single 100k couple in 2018
« Reply #211 on: September 29, 2018, 06:28:09 PM »
Edit: As of 9/29
Goal: $100k

Stash accounts
403b - 13831 / 18500
SIMPLE IRA - 10978 / 12500
401a - 4735 / 6000
SIMPLE match - 2000 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 33078 / 27000

Other savings
529 #1 - 4500 / 6000
529 #2 - 4500 / 6000
Extra principal on mortgage - 4000 / 6000

Total: $93122 / 100000

Should crush the goal!
« Last Edit: September 29, 2018, 06:29:45 PM by Arbitrage »

ToughMother

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Re: Save 50k single 100k couple in 2018
« Reply #212 on: October 02, 2018, 05:29:33 AM »
Q3 update:
                GOAL            Q2             %
457:       24,500.00   21,058.69    86.0%
403b:     24,500.00   24,500.00   100.0%
pension:   9,200.00     7,616.89    82.8%
total:     58,200.00   53,175.58    91.4%

NinetyFour

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Re: Save 50k single 100k couple in 2018
« Reply #213 on: October 02, 2018, 05:32:09 AM »
You're doing great, @ToughMother !!  :)

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #214 on: October 02, 2018, 12:12:04 PM »
End of August update:

401K:                $14,087 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $4,018/ $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:                  $2,116 / $3,450 - On track
Taxable:             $11,227 / $17,550 - Starting to make this up now.

Total:                 $40,283 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 76% completed

Still on track to make this goal. 76% completed with only 67% of the year over. Stretch goal of $60 may in fact be doable.

1 October Update:
401K:                $15,131 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $4,487.89/ $5,000 - On track to exceed this goal
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $2,451 / $3,450 - On track
Taxable:             $12,827 / $17,550 - Catching up now.

Total:                 $43,732 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 72% completed

Still on track to make this goal. 82% completed with only 77% of the year over. Pretty sure I'll exceed the initial goal, $60k stretch goal may be a bit of a stretch. I've been spending extra on hobbies that I could have put towards it, but I'm okay with that (and I've already paid for most of my first vacation for next year).
« Last Edit: October 03, 2018, 05:49:43 AM by jlcnuke »

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #215 on: October 02, 2018, 01:40:42 PM »
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [17,887.70 Done]


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%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5%
Sep 2018 $65,302.70   /  $73,947 88.3% (+8,000)

I should be able to fill my pre-tax bucket sometime here in October so it'll slow down a bit after the next huge bump. Blew past my target but my project is on skeleton hours for a bit here so we'll see how far over I can go.

The wife's tax-advantaged accounts will get filled next year and then I'll have to figure out the last bit of tax math I've been slowly researching / putting off (save in my corporation vs taxable).

McStache

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Re: Save 50k single 100k couple in 2018
« Reply #216 on: October 02, 2018, 06:47:09 PM »
September Update:
Bucket         Current / Goal
401k          $ 20,221 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,639 / $ 3,000
Roth IRA       $ 4,150 / $ 5,500
HSA            $ 2,838 / $ 3,450
Brokerage     $ 11,578 / $ 13,550
------------------------------------
Total         $ 40,426 / $ 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%
July          $ 33,143   66.3%
August        $ 36,450   72.9%
September     $ 40,426   80.9%

ToughMother

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Re: Save 50k single 100k couple in 2018
« Reply #217 on: October 03, 2018, 08:16:35 PM »
You're doing great, @ToughMother !!  :)

Thanks @NinetyFour . Gotta admit it is SUCH a different experience with a much lower income.  I've had some house projects I'm dragging my heels on and there is simply less breathing room.  Toying with applying for a gig at my new university that would nearly double my salary, but right now I'm scheduled to be on the search committee for the position.  Ugh - such dilemmas. 

Your hikes and the landscape are truly inspiring.  While you seem busy, you seem happy and that is everything.  Congrats on your leap and for sharing the path with us all! 

Slow&Steady

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Re: Save 50k single 100k couple in 2018
« Reply #218 on: October 08, 2018, 12:46:21 PM »

NameGoalYTDRemaining
401k S&S$5500$3524.08$1975.92
401k Match$3895$3566.09$328.91
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$15,285.51$7314.49
Total$43,595$27,275.68$16,319.32=62.57%

Probably will not hit 100% this year, must plan better for next year.

ritz

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Re: Save 50k single 100k couple in 2018
« Reply #219 on: October 09, 2018, 10:52:31 AM »
September Totals:
GoalActualRemaining
401(K)18,50013,4285,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00036,0007,000
Total64,99252,92012,072
81.43% Complete

As expected, I didn't save as much last month since I had high vet bills in August that were paid off in September. September was another high spending month, between car expenses (all expected, but I still spent about $800 that I don't normally spend) and another $700 in dog expenses that I don't think will be ending any time soon. I just spend another $130 in meds and she has a vet appointment this weekend that might result in surgery and another appointment coming up at the dermatologist. Good thing she's cute! Still on track to complete my savings goal in December though.

HaltWorkCatchFIRE

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Re: Save 50k single 100k couple in 2018
« Reply #220 on: October 11, 2018, 10:24:25 AM »
So I'm new here, but figured I'd post my progress since this seemed like the right place.  I think I'm on track to reach 100% for this year, but I'm not sure I will actually end up moving the cash into investments.  I have set aside a large chunk of cash which would normally go towards taxable but I haven't invested it yet, so I'm not counting it yet (Holding cash for potential land purchase/seed capital for a commune).  I think if that goes through, I'll need to revisit a lot of my prior assumptions about my savings. 

NameGoalYTD% Reached
My 401k Contribution$18,500$18,500100%
Employer 401k Contribution$9,250$9,250100%
My Roth IRA (Backdoor + Mega BD)$32,750$32,750100%
My Taxable$60,000$24,00040%
Spouse 401k$18,500$16,20087.57%
Spouse Roth IRA$5,500$5,500100%
Total$144,500$106,20073.49%

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #221 on: October 15, 2018, 08:17:55 AM »
Mid-October Update

401k 1: $14,873 / $18,500
Match: $2,364 / $3,000
401k 2: $12,281 / $18,500
HSA: $4,887 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $23,505 / $31,000
============================
Total: $73,910 / $92,900 (80%)

Made an 8% jump toward our goal the last two weeks due to a raise that took effect and a small bonus we were able to allocate toward the student loan. Now tracking to complete the goal which is great - for several months, we were tracking behind.

linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #222 on: October 19, 2018, 08:33:12 AM »
October's numbers.

Married; dual income (but wife just started her new part time job yesterday); 2 kids


HSA                   $4083 / $4900
HSA Match             $1500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $6408 / $7442
401K Pre Tax         $12128 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $7334 / $8834
Taxable Account       $6561 / $7000

Total:               $78076 / $88734 (88%)

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #223 on: October 31, 2018, 08:00:00 AM »
End of October Update:

401k 1: $15,643 / $18,500
Match: $2,601 / $3,000
401k 2: $13,437 / $18,500
HSA: $5,175 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $25,711 / $31,000
============================
Total: $78,567 / $92,900 (85%)
« Last Edit: November 08, 2018, 08:32:43 AM by zeli2033 »

Arbitrage

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Re: Save 50k single 100k couple in 2018
« Reply #224 on: October 31, 2018, 01:04:51 PM »
Edit: As of 10/31
Goal: $100k

Stash accounts
403b - 15611 / 18500
SIMPLE IRA - 11500 / 12500
401a - 5806 / 6000
SIMPLE match - 2250 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 36278 / 27000

Other savings
529 #1 - 5000 / 6000
529 #2 - 5000 / 6000
Extra principal on mortgage - 4500 / 6000

Total: $101445 / 100000

Savings goal crushed with two months to go!  New stretch goal of $120k will depend upon potential kitchen remodel scope and timeline.
Let us not speak of my investment returns.  All will work out there eventually.

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #225 on: October 31, 2018, 04:14:35 PM »
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [Full]
$31,053 Taxable / Spouse [11,797 Done]


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%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5%
Sep 2018 $65,302.70   /  $73,947 88.3%
Oct 2018 $85,744.72   /  $73,947 115.9% (+20,442.02)

Well the overtime sure paid off with this enormous month (all overtime from the start of the year, though the summer had none). I kept my money in the company until my vacation / severance amount is covered once I filled my RRSP's. Now it's time to start charging the wife attribution to fill her accounts, that should be another fun spreadsheet..

I will revise my tracked goal starting next month to $105,000 so I still have to stretch a bit to get there (that's accounting for a bit of overtime worked).

The wife's tax-advantaged accounts will get filled next year and then I'll have to figure out the last bit of tax math I've been slowly researching / putting off (save in my corporation vs taxable).

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #226 on: November 01, 2018, 03:41:01 PM »
1 October Update:
401K:                $15,131 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $4,487.89/ $5,000 - On track to exceed this goal
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $2,451 / $3,450 - On track
Taxable:             $12,827 / $17,550 - Catching up now.

Total:                 $43,732 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 72% completed

Still on track to make this goal. 82% completed with only 77% of the year over. Pretty sure I'll exceed the initial goal, $60k stretch goal may be a bit of a stretch. I've been spending extra on hobbies that I could have put towards it, but I'm okay with that (and I've already paid for most of my first vacation for next year).

1 November Update:
401K:                $16,550 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $5,127/ $5,000 - This goal is met and will continue to be exceeded for the rest of the year
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $3,086 / $3,450 - On track
Taxable:             $12,175 / $17,550 - Had some family medical issues come up, so pulled some out. Still plan to reach this goal by the end of the year though.

Total:                 $45,773 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 86% completed

McStache

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Re: Save 50k single 100k couple in 2018
« Reply #227 on: November 04, 2018, 05:28:32 PM »
October Update:
Bucket         Current / Goal
401k          $ 21,657 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 2,186 / $ 3,000
Roth IRA       $ 4,150 / $ 5,500
HSA            $ 3,042 / $ 3,450
Brokerage     $ 13,204 / $ 13,550
------------------------------------
Total         $ 44,239 / $ 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%
July          $ 33,143   66.3%
August        $ 36,450   72.9%
September     $ 40,426   80.9%
October       $ 44,239   88.5%

ritz

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Re: Save 50k single 100k couple in 2018
« Reply #228 on: November 07, 2018, 03:50:21 PM »
October Totals:
GoalActualRemaining
401(K)18,50015,7622,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00039,0004,000
Total64,99258,2546,738
89.63% Complete

October Notes:
  • Looks pretty good overall for the year, although November will be a little less than usual in the taxable account due to the dog. I added up that I've spent nearly $3,000 on her in the last 3 months, so at least I know where my money is going.
  • The biggest thing to note for October was that according to mint my net worth went down about the amount I've saved this year. So that's a bummer.
  • My 401(K) should max out on my first December paycheck, but since I changed jobs during the year I'll need to let my 401(K) company know so they don't overwithhold. Hopefully they will not make this painful.

peeps_be_peeping

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Re: Save 50k single 100k couple in 2018
« Reply #229 on: November 08, 2018, 07:11:05 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

                        Goal           YTD       Remaining
401(k)               18,496       9,248           9,248
401(k) match      3,240         1,080          1,080
Roth IRA             5,500        5,500              0
Taxable              27,764       18,671       10,173
Total                  55,000      34,499        20,501        62.7% to goal

                         Goal           YTD           Remaining
401(k)               18,496       13,872         4,624
401(k) match      2,160        1,620           540
Roth IRA             5,500        5,500           0
Taxable              28,844       27,027         1,817
Total                  55,000      48,019        6,981        87.3% to goal

Need2Save

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Re: Save 50k single 100k couple in 2018
« Reply #230 on: November 10, 2018, 09:16:41 AM »
OCTOBER PROGRESS
$15,566 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$16,261 / $ 18,500 -- 401k Mr
$  9,335 / $   5,122 -- 401k Match Mr
$  4,920 / $   5,230 -- HSA Mrs
$     930 / $   1,670 -- HSA Mr
$93,025 / $ 60,000 -- Taxable Investments
$  7,400 / $   8,000 -- Other Savings
$30,448 / $ 30,900 -- Extra Principal Payments
$184,554 / $154,515 -- TOTAL GOAL FOR 2018

119% of our target for the year

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #231 on: November 17, 2018, 09:13:14 AM »
Mid-November Update

401k 1: $16,413 / $18,500
Match: $2,723 / $3,000
401k 2: $14,593 / $18,500
HSA: $5,462 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $26,351 / $31,000
============================
Total: $71,542 / $92,900 (88%)

November is a spendy pants month for us - slowed us down just a bit but hoping to close the gap in December with little-to-no additional holiday spending.

linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #232 on: November 27, 2018, 01:43:02 PM »
November's numbers.

Married; dual income (wife is part time); 2 kids


HSA                   $4492 / $4900
HSA Match             $1500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $6921 / $7442
401K Pre Tax         $15333 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $8083 / $8834
Taxable Account       $6561 / $7000

Total:               $82951 / $88734 (88%)

Need2Save

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Re: Save 50k single 100k couple in 2018
« Reply #233 on: November 29, 2018, 03:32:39 AM »
NOVEMBER PROGRESS
$16,995 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$17,614 / $ 18,500 -- 401k Mr
$  9,729 / $   5,122 -- 401k Match Mr
$  5,218 / $   5,230 -- HSA Mrs
$  1,050 / $   1,670 -- HSA Mr
$95,825 / $ 60,000 -- Taxable Investments
$  7,900 / $   8,000 -- Other Savings
$32,549 / $ 30,900 -- Extra Principal Payments
$193,550 / $154,515 -- TOTAL GOAL FOR 2018

125% of our target for the year
When the market is on a wild ride, it's nice to focus on what you can control (new money being saved/invested).
« Last Edit: November 29, 2018, 03:40:04 AM by Need2Save »

Arbitrage

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Re: Save 50k single 100k couple in 2018
« Reply #234 on: November 29, 2018, 08:49:14 AM »
Edit: As of 11/29
Goal: $100k (Stretch $120k)

Stash accounts
403b - 17035 / 18500
SIMPLE IRA - 12000 / 12500
401a - 7203 / 6000
SIMPLE match - 2400 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 40878 / 27000

Other savings
529 #1 - 5550 / 6000
529 #2 - 5550 / 6000
Extra principal on mortgage - 5000 / 6000

Total: $111116 / 100000

Savings goal crushed with two months to go!  New stretch goal of $120k will depend upon potential kitchen remodel scope and timeline.  Kitchen remodel costs so far: $2400.  Looks like the bulk of the costs there will be pushed into next year, so it's going to be close on the stretch goal.  Christmas costs and an upcoming $800 vacation cost I pulled into this year are making it challenging.

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #235 on: November 30, 2018, 11:53:41 AM »
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [Full]
$31,053 Taxable / Spouse [15,544 Done]


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%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5%
Sep 2018 $65,302.70   /  $73,947 88.3%
Oct 2018 $85,744.72   /  $73,947 115.9%
Nov 2018 $91,492.17   /  $105,000 (Revised) 87.1% (+5747.45)

Revised my year end goals to match all the overtime money I sunk in last month. It will be close but I think I can make it.

Though we split the savings between our accounts to maximize tax advantages my wife wants to track separately so she doesn't feel like she's getting a handout in the long term.

McStache

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Re: Save 50k single 100k couple in 2018
« Reply #236 on: November 30, 2018, 03:26:42 PM »
November Update:
Bucket         Current / Goal
401k          $ 23,092 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 2,733 / $ 3,000
Roth IRA       $ 4,950 / $ 5,500
HSA            $ 3,246 / $ 3,450
Brokerage     $ 14,549 / $ 13,550  <-- Done.
------------------------------------
Total         $ 48,570 / $ 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%
July          $ 33,143   66.3%
August        $ 36,450   72.9%
September     $ 40,426   80.9%
October       $ 44,239   88.5%
November      $ 48,570   97.1%


First sub goal complete, and I don't foresee any issues finishing off all the others next month!

Mustachio Bashio

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Re: Save 50k single 100k couple in 2018
« Reply #237 on: December 01, 2018, 11:39:59 AM »
Haven't been on here in a couple months as the market has been doing its thing and I've been a bit more spendy with life upgrades I'd been putting off.

Bucket           Current                Goal
401k              $14,771               $18,500
Match             $666                   $1,332
Roth IRA         $5,500                $5,500
HSA                $3,262                $3,262
Brokerage       $34,503               $22,738
Total               $58,702              $51,332

I'm not entirely sure how I got to my brokerage number a couple months ago, but adding up all my buys from Vanguard definitely brought me to a higher total than I had originally counted...by about 7k.  So in the last couple months, I've added $9,300, plus adding in the amount I'd somehow miscalculated before.  Over the 50k line, so :)

Fomerly known as something

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Re: Save 50k single 100k couple in 2018
« Reply #238 on: December 02, 2018, 03:16:52 PM »
Going to be a lazy person but, Taxable, retirement, matching, HSA and house principal.  I'm not going to make my goal because I decided to move up a major landscaping project to FY 2018.  I'm incredibly please with the results and honestly while I could have done some of the project DYI, I would never have done other parts because frankly I don't have the mechanical toys nor the skills to work with those toys.  (Terra-forming a hill in the back yard and placing huge rock steps in it.)


$63,239.89/$75,000

I'll add another $2-3000 in December with my 401k and match but not more than that.

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #239 on: December 03, 2018, 08:41:41 AM »
End of November Update

401k 1: $17,183 / $18,500
Match: $2,845 / $3,000
401k 2: $15,749 / $18,500
HSA: $5,749 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $27,955 / $31,000
============================
Total: $85,481 / $92,900 (92%)

One last month to hit our goal. Unfortunately we won't be able to max the HSA or DH's 401k, but hoping to make up the difference by putting more toward the student loan. And there's the potential for an end of year bonus but we're not counting on it.

ItsALongStory

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Re: Save 50k single 100k couple in 2018
« Reply #240 on: December 04, 2018, 07:31:03 AM »
Going to be a lazy person but, Taxable, retirement, matching, HSA and house principal.  I'm not going to make my goal because I decided to move up a major landscaping project to FY 2018.  I'm incredibly please with the results and honestly while I could have done some of the project DYI, I would never have done other parts because frankly I don't have the mechanical toys nor the skills to work with those toys.  (Terra-forming a hill in the back yard and placing huge rock steps in it.)


$63,239.89/$75,000

I'll add another $2-3000 in December with my 401k and match but not more than that.

I'm in a similar situation with a backyard project throwing off any acceleration of savings but the joy a finished yard will bring outweighs the downside from having to work omy.

jlcnuke

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Re: Save 50k single 100k couple in 2018
« Reply #241 on: December 08, 2018, 03:36:40 PM »

1 November Update:
401K:                $16,550 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $5,127/ $5,000 - This goal is met and will continue to be exceeded for the rest of the year
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $3,086 / $3,450 - On track
Taxable:             $12,175 / $17,550 - Had some family medical issues come up, so pulled some out. Still plan to reach this goal by the end of the year though.

Total:                 $45,773 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 86% completed

December update - due to family medical problems involving lots of hospital time and new costs to support, I'm spending around $11k on various things to support that. I'll hit my goal on the 401k, exceed the 401k matching amount, and make my IRA/HSA goals. The taxable account isn't going to meet goals though. That's life however, and having the money there to support family emergencies like this is one of the reasons I strive to have a good financial picture.