Author Topic: 100k Networth + Post Tax Auto Deposit  (Read 1017 times)

jzb11

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100k Networth + Post Tax Auto Deposit
« on: March 31, 2015, 08:31:43 AM »
30 year old engineer. Overseas on an international assignment for the time being.

This month I hit 100K Net worth:

50K IRA
37K Post tax
13K Cash

I also made set up automatic deposits of 7K per month to my post tax vanguard account today (VAGSX). I maxed my IRA already for the year. I am a contractor so no 401k. I am foregoing a SEP as I receive a a foreign income tax exemption and want to be able to access the money without issues.  I'll continue that rate of investment for the next three years (about 75K per year). Afterward my employment situation will change back to fulltime status and I'll max a 401k and try to save as much post tax as possible.

I was planning to hoard cash for the next few years in the hope of taking advantage of another recession/crash. But since I can't accurately predict this, I'll be keeping a small emergency reserve in cash (10K) and investing the rest. I hope to FIRE by 40-43.

« Last Edit: March 31, 2015, 08:36:58 AM by jzb11 »

forummm

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Re: 100k Networth + Post Tax Auto Deposit
« Reply #1 on: March 31, 2015, 10:24:21 AM »
High five!