Author Topic: Save 50k single 100k couple in 2018  (Read 19287 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: Today at 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.