Author Topic: Save 50k single 100k couple in 2018  (Read 3351 times)

dreadmoose

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Re: Save 50k single 100k couple in 2018
« Reply #50 on: January 31, 2018, 11:09:03 AM »
Current Goals are

$42,415 TFSA
$22,124 RRSP

Date To Date   /  Goal %
Jan 2017 $4,035.22   /  $64,539 6.3%
Just starting on my FIRE journey, hopefully posting here creates accountability and eventually lowers my very anti-mustachian life habits.

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #51 on: February 03, 2018, 07:13:27 AM »
401k 1: $1,540 / $18,500
Match: $211 / $3,000
401k 2: $0 / $18,500
HSA: $0 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $5,862 / $11,000
Student Loan Debt Paid: $453 / $31,000
============================
Total: $13,066 / $92,900 (14.2%)
« Last Edit: February 12, 2018, 03:14:39 PM by zeli2033 »

SAfAmBrit

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Re: Save 50k single 100k couple in 2018
« Reply #52 on: February 03, 2018, 09:15:33 AM »
I have just changed jobs and become a contractor. The are paying me +8% to cover employer contributions - any guidelines from here would be great. Obviously no 401k. SO has full military pension.

We are in for another year

$    2365 / $    2,365 -401k
$         0 / $    1,400--401k match
$   1,500 / $    5,500--Roth
$   3,500 / $    6,500--DH Roth
$   1,250 / $  86,000--Taxable Investment
_________________________
$ 8,615 / $  $100,865- On track

Dada Almond

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Re: Save 50k single 100k couple in 2018
« Reply #53 on: February 07, 2018, 09:54:04 PM »
End of January

11,000  IRAs
  6,875  401k w/ match (2x)
     530  HSA
___________________
18,405  Total - 18% of 100k goal

FireHiker

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Re: Save 50k single 100k couple in 2018
« Reply #54 on: February 08, 2018, 10:48:20 AM »
January numbers are in; lower than I'd like them to be, but we had to pay car insurance (OMG that hurts with a teenage boy; cheaper overall to pay in one lump instead of monthly) and paid for a lot of our travel expenses for the rest of the year. It should be the worst month of the year savings-wise.

401ks including matching: $3997.28
401k loan repayments: $615.10
HSA: $580.76
Cash: $825.16

Total: $6018.30

Savings rate: 39%

I really want to get the savings rate up to 50% this year. Last year we ended at 40.5% for the entire year. I was feeling disappointed about not having saved more in January until I checked last year's numbers. For comparison, last year our January savings were only $3916, so I guess this year is definite progress!

Mezzie

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Re: Save 50k single 100k couple in 2018
« Reply #55 on: February 11, 2018, 03:26:58 PM »
I'm not sure this is realistic, but I'll give it a go.

Currently we're set for the following:
403    18,000
457     10,000
401       5,000
TACK     3,000 (estimate; depends on company profits at end of year)
Roth       5,500
Roth       5,500
Treasury Bonds  1,000

Total:  48,000

If mortgage principal counts, then that's about another 12,000.

Total: 60,000

We don't make much over $100,000 gross, so actually hitting $100,000 would probably take starvation levels of asceticism, but I can use this as a challenge to get as close as possible.

I will try to make the following increases:
$1,000 more to 457
$1,000 more to 401
$1,000 more to bonds

If I can reach those goals, I'll add to my challenge.
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ritz

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Re: Save 50k single 100k couple in 2018
« Reply #56 on: February 13, 2018, 11:14:42 AM »
January Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA5,5001,0004,500
HSA2880288
Taxable40,0006,00034,000
Total64,9929,46655,526
14.57% Complete

I switched jobs in January, so I ended up with a little more cash than a normal month. The new 401(K) investment options suck at my new job, so I'm pretty bummed about that. I've already complained and it was made clear that they're not going to change. I'm still planning on maxing it out this year, but I haven't even turned in the paperwork yet.

peeps_be_peeping

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Re: Save 50k single 100k couple in 2018
« Reply #57 on: February 13, 2018, 06:21:08 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.

zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #58 on: February 15, 2018, 09:21:53 AM »
401k 1: $2,310 / $18,500
Match: $316 / $3,000
401k 2: $0 / $18,500
HSA: $0 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $10,152 / $11,000
Student Loan Debt Paid: $906 / $31,000
============================
Total: $18,684 / $92,900 (20.1%)

NinetyFour

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Re: Save 50k single 100k couple in 2018
« Reply #59 on: February 16, 2018, 09:26:19 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:  $6800 (that includes both employee and employer contributions)
403b:  $24,500
457:  $24,500
mortgage principal:  $8000
taxable account:  $27,000
max Roth IRA 2017:  $6500
max Roth IRA 2018:  $6500

total:  $103,800

Progress so far:

401a:  $1758 (that includes both employee and employer contributions)
403b:  $1000
457:  $1000
mortgage principal:  $1104
taxable account:  $10,000
max Roth IRA 2017:  $6500
max Roth IRA 2018:  $6500

Total so far:  $27,862
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salt cured

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Re: Save 50k single 100k couple in 2018
« Reply #60 on: February 16, 2018, 10:43:33 AM »
SO and I saved $102k last year. For 2018, the goal is $130k total with $100k in tax deferred accounts, $15k in cash, $10k in a taxable account, and $5k to debt.

We have a 67% savings rate for Jan/Feb. On track to hit $100k by July, assuming no unexpected expenses (knocks on wood).

As of end of Feb:
Tax Deferred:$17k
Taxable:$3k
Cash:$5k
Debt:$1k
Total:$26k
« Last Edit: February 18, 2018, 08:05:59 AM by salt cured »

neophyte

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Re: Save 50k single 100k couple in 2018
« Reply #61 on: February 16, 2018, 05:10:52 PM »
I was thinking this was completely out of the realm of possibility for me, but it can't hurt to try, right?

Single, no kids.  I gross $55k at my job, but I also get a little rent from my roommates (don't want to count my chickens before they hatch) which might just push this into the barely feasible category.

GOALS:

403(b):                   $18500
match:                    $4460
HSA:                       $3450
IRA:                        $5500
mortgage principal:  $4628
taxable:                   $13462  <-  $1120 /month.   This is going to be a stretch goal!  If I get to count reinvested dividends, it's probably doable.

rebel_quietude

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Re: Save 50k single 100k couple in 2018
« Reply #62 on: February 18, 2018, 01:26:01 AM »
Late to the party, but I'll hop on this bandwagon!
Last year I saved $40,055.97.  $50k will be a stretch, but the good kind, I hope.

Goals (I liked zeli's way of posting, copying):

Feb 18 / 2018 Goal:

$2,234 / $18,500 401k
$916 / $5,500 Roth
$3,200 / $21,600 Taxable Brokerage
$0 / $4,500 Cash (re-building E-Fund after some house expenses)

$6,350 / $50,100 (12.6%)

I'd normally be skeptical, but I'm selling my house this year and may make a few grand, and traveling for work which will bring some travel pay. We'll see how it goes.

Good luck everyone!

Livethedream

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Re: Save 50k single 100k couple in 2018
« Reply #63 on: February 18, 2018, 10:11:12 AM »
Married 2 kids

$5500 Roth
$5500 Roth
$6000 Pension (ugh)
$40-50k mortgage principal (house payoff estimate July 2020)

Puts us around $60k. Hoping to budget better and squeeze some more out.

boarder42

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Re: Save 50k single 100k couple in 2018
« Reply #64 on: February 19, 2018, 10:28:20 AM »
Married 2 kids

$5500 Roth
$5500 Roth
$6000 Pension (ugh)
$40-50k mortgage principal (house payoff estimate July 2020)

Puts us around $60k. Hoping to budget better and squeeze some more out.

Welcome!

you could not pay off that mortgage and come out wildly ahead vs trying to budget better and squeeze more out that way. with Roth's you're US based and your mortgage is likely sub 4% fixed. so sqeezing pennies is overlooking your easiest path to increased wealth - not pumping 40-50k a year extra into a mortgage
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linuxhero

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Re: Save 50k single 100k couple in 2018
« Reply #65 on: Today at 02:46:29 PM »
February's numbers.

Married; single income; 2 kids


HSA                   $817 / $4900
HSA Match               $0 / $2000
401K After Tax       $7859 / $29270
401K Employer Match   $993 / $7230
401K Pre Tax            $0 / $18500
Roth IRA              $713 / $5500
Wife Traditional IRA  $713 / $5500
Mortgage Principal   $1445 / $8834
Taxable Account         $0 / $7000

Total:              $12540 / $88734 (14.13%)