Author Topic: Save 50k single 100k couple in 2018  (Read 30860 times)

MM_MG

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Re: Save 50k single 100k couple in 2018
« Reply #250 on: December 28, 2018, 10:18:54 PM »
Going to make it this year without counting bonus or taxable contributions...

$18,500  His 401K
$13,500  His Match
$18,500  Her 401K
$1,500    Her Match
$11,000  His/Her backdoor roths
$23,000  Mega backdoor roth
$8,000    Pension
$6,750    HSA with employer contribution
$X.XX     Taxable
$X.XX     Bonus

Done.  Not sure of the total, but for sure over $120K.  And I think my math was wrong.  Definitely need to count my bonus and/or contributions to taxable.   

salt cured

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Re: Save 50k single 100k couple in 2018
« Reply #251 on: December 29, 2018, 09:19:30 AM »
Goal was $130k; saved $124k. Close!

Tax Deferred:$96k
Taxable:$8k
Cash:$15k
Debt:$5k
Total:$124k
[/quote]

Arbitrage

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Re: Save 50k single 100k couple in 2018
« Reply #252 on: December 29, 2018, 08:59:19 PM »
End of year summary: success!
Goal: $100k (Stretch $120k)

Stash accounts
403b - 18500 / 18500
SIMPLE IRA - 12500 / 12500
401a - 8700 / 6000
SIMPLE match - 2600 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 45778 / 27000

Other savings
529 #1 - 6100 / 6000
529 #2 - 6100 / 6000
Extra principal on mortgage - 5500 / 6000

Total: $121278 / 100000


Unique User

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Re: Save 50k single 100k couple in 2018
« Reply #253 on: December 30, 2018, 07:11:56 AM »
Just transferred $800 to make it, 65% after tax savings rate, our personal best!  I won't make it next year as DD starts college and we'll switch to very part time the following year. 

DH 401k $24,500
DH Match $5,563
DH Backdoor Roth $7,565
My 401k $18,500
My match $3,309
DH ESPP $3,931
Both Roth IRA $12,000
DD Roth $5,500
Taxable $13,800
Mortgage Principal (2 properties) $10,920


rebel_quietude

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Re: Save 50k single 100k couple in 2018
« Reply #254 on: December 30, 2018, 01:58:41 PM »

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%)


It's been a good year for saving.

401k Contributions   (Maxed) $20,868.33 (Got a match this year!)
Roth Contributions   (Maxed) $5,499.84
Brokerage Contributions   $36,461.00

Total Savings: $62,829.17. Made it!

Of course, with the market drop I'm only up 25k over last year... *sigh* What goes down must go up!



zeli2033

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Re: Save 50k single 100k couple in 2018
« Reply #255 on: December 31, 2018, 01:51:36 PM »
End of December Wrap up

401k 1: $18,500 / $18,500
Match: $3,089 / $3,000
401k 2: $18,031 / $18,500
HSA: $6,325 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $30,398 / $31,000
============================
Total: $92,343 / $92,900 (99%)

So painful to see how close we got yet still missed it by a hair. And we depleted are tiny cash buffer we usually keep on hand to get this far so it really is the best we could do for 2019. But on the bright side, we've never saved anywhere remotely close to this amount before so still worth celebrating.

sisto

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Re: Save 50k single 100k couple in 2018
« Reply #256 on: January 02, 2019, 11:48:48 AM »
Still crunching the numbers, but I know I fell short of this goal. Considering the crappy circumstances I think I did pretty well. I was involved in a car accident February 12, 2018 and still have what is now called post concussive syndrome. So considering that I only worked half time, which is still the case today, I did pretty well. We're also a single income family so never intended to hit the $100K since that would be impossible. EDITED as I just realized my work broke down regular pay 401K deductions and Bonus deductions separately.

401K          $16200
Emp match $6900
ESPP          $4500
IRA            $5500
Spouse IRA $6500
HSA            $6900

Total           $46500

I believe I have some personal investments that haven't been counted yet, but I still need to sort it out. At least I'm putting it down on paper to hold myself accountable to date.
Also edited to include we bought a new vehicle. Yes, I realize this is face punch worthy. We did get 0% interest and my promotion covered the payments. The justification is that I plan to retire in 2.5 years so we will have a vehicle that will last.
« Last Edit: January 02, 2019, 11:58:33 AM by sisto »

Dicey

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Re: Save 50k single 100k couple in 2018
« Reply #257 on: January 02, 2019, 11:52:48 AM »
Will we be having a new thread for 2019?

Good idea. Since B42 is in a better place, I'll throw the new one out there-

https://forum.mrmoneymustache.com/throw-down-the-gauntlet/save-50k-single-100k-couple-in-2019/
Thank you, sniff, sniff. I hope your kind words are true.

neophyte

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Re: Save 50k single 100k couple in 2018
« Reply #258 on: January 04, 2019, 11:02:45 AM »
How did I do?  I didn't meet the goal, but I think I did ok considering I made $62k after taxes last year.

403(b):  18500
match:  4538.46
HSA:  3376.90  (grumble, grumble, messed up withholding, grumble. I'll probably go ahead and throw in the rest myself)
IRA: 5500
mortgage principal:  4856.67

total:  36,771.59   (73.5% of goal)  (58.7% savings rate)

hmm, what if we get creative?

reinvested dividends: 1197.85 
total = 37969.44 (75.6%)  slightly better

if I get really creative and look at the increased equity in my house based on the optimistic-but-not-absolutely-entirely-unreasonable-Zestimate compared to the purchase price in 2017:

additional equity gained: $59,596

total: 97,565.44 (195%) Now I'm killing it with a 150% savings rate! All it took was some creative accounting!