Author Topic: Save 50k single 100k couple in 2019  (Read 614 times)

tralfamadorian

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Save 50k single 100k couple in 2019
« on: December 28, 2018, 08:03:59 PM »
Since B42 is gone, I thought I would go ahead and post the new thread for 2019.

For me I'm going for-

2019 Goals:
                         GOAL     YTD      %
SE401k:                  19K     
401k employer side:    12.5K     
IRA:                      6K     
HSA:                    3.5K       
taxable:                 14K       
total:                   55K     


Luckyvik

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Re: Save 50k single 100k couple in 2019
« Reply #1 on: December 29, 2018, 06:48:11 PM »
I'm in!
For DH & I:
50k retirement accounts (superannuation)
50k mortgage offset
Mortgage has 133, 340 left (for accountability) so the aim is to get it down to 83,340 by end of 2019

Arbitrage

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Re: Save 50k single 100k couple in 2019
« Reply #2 on: December 29, 2018, 08:49:59 PM »
2019 Goals (for couple): $130k; $149k including normal debt paydown.  Several new savings options available to us this year, including HSA and Mega Backdoor Roth IRA.

401k: 0 / $19000
401k match: 0 / $16000
SIMPLE IRA: 0 / $13000
SIMPLE Match: 0 / $3000
HSA: 0 / $5500
HSA Match: 0 / $1500
Backdoor Roth IRA: 0 / $6000
Mega Backdoor Roth: 0 / $16000
I Bonds: 0 / $10000
Taxable Brokerage: 0 / $20800
529 #1: 0 / $6600
529 #2: 0 / $6600
Extra Mortgage Principal: 0 / $6000

Total: 0 / $130000

Regular mortgage principal and low-interest college debt principal paydown: 0 / $19000



use2betrix

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Re: Save 50k single 100k couple in 2019
« Reply #3 on: December 30, 2018, 02:37:30 AM »
My goal is at least $150,000 saved off single income. Was around 120k in 2018 and my spending sucked. Getting a raise Jan 1st and picking up hours in 2019 so it should be doable.

BlueHouse

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Re: Save 50k single 100k couple in 2019
« Reply #4 on: December 30, 2018, 09:31:38 AM »

Goals:
Bucket              Current / Goal
401k                $ 0,000 / $ 25,000 (includes catch-up)
401k Match          $ 0,000 / $ 37,000
Roth IRA            $ 0,000 / $  7,000
Taxable Savings     $ 0,000 / $ 73,000
1013 Sinking        $ 0,000 / $ 23,000
------------------------------------
Total               $ 0,000 / $ 165,000

January             $ 0,000   0.0%





« Last Edit: December 30, 2018, 09:55:42 AM by BlueHouse »

Need2Save

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Re: Save 50k single 100k couple in 2019
« Reply #5 on: December 30, 2018, 09:43:35 AM »
2019 GOALS vs. 2018 GOALS
$19,000 / $ 18,500 -- 401k Mrs
$  8,000 / $   6,593 -- 401k Match Mrs - match was recently improved, but still only get twice a year
$19,000 / $ 18,500 -- 401k Mr
$  5,500 / $   5,122 -- 401k Match Mr - profit sharing questionnable
$  5,230 / $   5,230 -- HSA Mrs - includes some employer contributions
$  1,770 / $   1,670 -- HSA Mr - includes some employer contributions
$75,000 / $ 60,000 -- Taxable Investments
$  6,000 / $   8,000 -- Other Savings - reduced need for house savings since we replaced roof in 2018
$35,000 / $ 30,900 -- Extra Principal Payments
$174,500 / $154,515 -- INCREASE OF $18,985

rebel_quietude

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Re: Save 50k single 100k couple in 2019
« Reply #6 on: December 30, 2018, 03:38:50 PM »
I hit over 60k in 2018... so obviously I have to do it again.

Goals:

Bucket                      Current / Goal
401k                         $ 0,000 / $ 19,000 (not including the tiny, tiny match from work)
Roth IRA                   $ 0,000 / $  6,000
Taxable Brokerage     $ 0,000 / $ 30,000
Cash                         $0,000 / $5,000
------------------------------------
Total                         $ 0,000 / $ 60,000

We'll see how this goes...

McStache

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Re: Save 50k single 100k couple in 2019
« Reply #7 on: December 30, 2018, 06:39:11 PM »
I'm in for 50K again

Goals:
Bucket         Goal
401k          $ 19,000
401k Match     $ 6,500
Roth IRA       $ 6,000
HSA            $ 3,500
Brokerage     $ 15,000
------------------------
Total         $ 50,000

dreaktor

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Re: Save 50k single 100k couple in 2019
« Reply #8 on: December 31, 2018, 06:45:00 AM »
I'm in for saving another +50K of wealth this year.
I am not from US, so I have a very simple breakdown of savings.

2019 Goals:
Bucket         Goal
Brokerage  + $25,000
Cash         + $25,000
------------------------
Total        + $50,000

Raenia

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Re: Save 50k single 100k couple in 2019
« Reply #9 on: December 31, 2018, 07:30:42 AM »
I'll give this a try this year, though I won't be anywhere near 50k!  I'm part of a couple, but only tracking my side of the savings.

Goals:
Bucket         Goal         Current
401k            19000       0
Roth IRA      6000        0
Brokerage    3000        0
----------------------------------------
Total             28000      0

This is going to be tight, we'll see if I can do it.

afuera

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Re: Save 50k single 100k couple in 2019
« Reply #10 on: December 31, 2018, 09:08:27 AM »
Goals:                       
L 401K:
J 401K:
L rIRA:
J rIRA:
L HSA:
J HSA: 
Brokerage: 
Total:
$50,000  (Mega Backdoor Roth w/ employer match)
$20,000 (w/ employer match)
$6,000
$6,000
$3,500 (w/ employer match)
$3,500 (w/ employer match)
$20,000
$109,000

snoot

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Re: Save 50k single 100k couple in 2019
« Reply #11 on: January 02, 2019, 11:11:35 AM »
I'm in this year! I'm part of a couple but only tracking my savings for this challenge.

Goals:                       
Roth IRA 2018
Roth IRA 2019
457b
Pension contributions
Pension employer contributions
Cash
Total:
$5,500  (haven't contributed yet)
$6,000
$19,000
$4,050
$9,558
$6,000
$50,108

ToughMother

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Re: Save 50k single 100k couple in 2019
« Reply #12 on: January 04, 2019, 10:48:31 AM »
Eh, took an epic pay cut last year - MUCH happier! 

That said, here's our CY19 household savings goals even if it doesn't rise to the stated levels.

TSP        $19,000
457        $25,000
Pension    $8,470
TOTAL  $52,470

Roots&Wings

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Re: Save 50k single 100k couple in 2019
« Reply #13 on: January 04, 2019, 11:14:56 AM »
Hoping to get back to $50k+ and 75% savings rate in 2019.

Roth IRA: $6k (done)
401k:      $19k (automated)
Taxable:  $26k
Total:      $51k

neophyte

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Re: Save 50k single 100k couple in 2019
« Reply #14 on: January 04, 2019, 11:21:34 AM »
I didn't make it in 2018, but I'm in again for 2019!  I had some cash savings I didn't count because they were earmarked for my 2019 property taxes and IRA contribution, but I had a bit of a windfall in the form of a Christmas gift from an elderly relative that should cover those things, so maybe I'll make it this year!

Goals:
403(b):  19,000
match: 4538
HSA: 3500
IRA: 6000 (complete!)
mortgage principal paydown: 4856
taxable retirement account: 12106 / 1106 for January and then 1000 per month - remotely possible.

total: 50k

dogboyslim

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Re: Save 50k single 100k couple in 2019
« Reply #15 on: January 04, 2019, 11:44:06 AM »
My wife just got a new job, so we have new goals for 2019.

Wife 401k contribution: $19,000
Wife 401k match: $6,900
Wife A/T Investments: $25,000
401k contribution: $19,000
401k match: $11,000
DC Pension Accrual: $5,500
A/T Investments: $43,000

Total: $129,400

This plus debt reduction of ~$7k, but I don't count that as savings.  EDIT: Also funding 7k in HSA, but orthodontia pretty much will wipe it out, so not counting it either.

« Last Edit: January 04, 2019, 11:46:23 AM by dogboyslim »