Author Topic: Save 50k single 100k couple in 2019  (Read 17597 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

afuera

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Re: Save 50k single 100k couple in 2019
« Reply #9 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 #10 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 #11 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 #12 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 #13 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 #14 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 »

linuxhero

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Re: Save 50k single 100k couple in 2019
« Reply #15 on: January 17, 2019, 08:56:38 AM »
Since we did it last year, we're in for another round.

We're in for $100k this year, now that my wife has a part time job.  She'll be putting the max into her 401k that they allow (80%).

Two kids as well.

Goals:


HSA                   $5000
HSA Match             $2000
401K After Tax       $29558
401K Employer Match   $7405
401K Pre Tax         $19000
Roth IRA              $6000
Wife Roth IRA         $6000
Mortgage Principal    $9240
Taxable Account       $5736
Wife 401K            $13056
Wife 401K Match        $979

Total:              $103974


Good luck to everyone!

peeps_be_peeping

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Re: Save 50k single 100k couple in 2019
« Reply #16 on: January 17, 2019, 12:36:30 PM »
I'm in again too as a single.

                              YTD   Goal         Left          %
401(k)                   $0    $19,000    $19,000    0.00%
401(k) match         $0     $3,420     $3,420      0.00%
Roth IRA                $0    $6,000     $6,000       0.00%
Taxable                 $0    $19,580    $19,580     0.00%
Cash                     $0     $12,000    $12,000    0.00%
Total                     $0     $60,000   $60,000    0.00%

linuxhero

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Re: Save 50k single 100k couple in 2019
« Reply #17 on: January 29, 2019, 01:24:53 PM »
January check in time.

Things are looking good so far. :)


HSA                  $417 / $5000
HSA Match              $0 / $2000
401K After Tax      $4808 / $29558
401K Employer Match  $513 / $7405
401K Pre Tax           $0 / $19000
Roth IRA              $24 / $6000
Wife Roth IRA         $24 / $6000
Mortgage Principal   $754 / $9240
Taxable Account        $0 / $5736
Wife 401K           $1088 / $13056
Wife 401K Match       $75 / $979

Total:              $7703 / $103974 (7.4%)

use2betrix

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Re: Save 50k single 100k couple in 2019
« Reply #18 on: January 29, 2019, 05:21:26 PM »
Pending nothing crazy I should have $100k saved for the year off my single income by the end of July. Thatís going to be my goal at least.

OneCoolCat

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Re: Save 50k single 100k couple in 2019
« Reply #19 on: January 29, 2019, 08:41:04 PM »
I'll do my best.  Single income but I also have three dependents.

Goal is to save $55k in 2019 (not including employer match which isn't much). 

401k - $19,000
IRA - $6,000
Wife's IRA - $6,000
HSA - $6,900
Taxable account - $15,000
Crypto - $2,100

This is a stretch goal.

ItsALongStory

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Re: Save 50k single 100k couple in 2019
« Reply #20 on: January 30, 2019, 09:21:24 PM »
First time I'm joining this, excited to see what I can accomplish. ESPP is somewhat misleading since it was credited to my account this year even though they were 2018 contributions. I won't be getting my Q4 contributions until early 2020 so it should be about a wash in the end.

HSA                  $416 / $4000
HSA Match              $1000 / $2000
401K Pre Tax           $1466 / $19000
401K Pre Tax Match           $733 / $9500
Roth IRA              $500 / $6000
Mortgage Principal   $800 / $9600
Taxable Account        $4403 / $15000

Total:              $9318 / $65100 (14.31%)

Arbitrage

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Re: Save 50k single 100k couple in 2019
« Reply #21 on: January 31, 2019, 12:05:55 PM »
2019 Goals (for couple): $130k; $149k including normal debt paydown. 

As of 1/31/2019

401k: 1565 / $19000
401k match: 1501 / $16000
SIMPLE IRA: 770 / $13000
SIMPLE Match: 206 / $3000
HSA: 529 / $5500
HSA Match: 1500 / $1500
Backdoor Roth IRA: 6000 / $6000
Mega Backdoor Roth: 1203 / $16000
I Bonds: 10000 / $10000
Taxable Brokerage: (12900) / $20800
529 #1: 550 / $6600
529 #2: 550 / $6600
Extra Mortgage Principal: 500 / $6000

Total: $11974 / $130000

Regular mortgage principal and low-interest college debt principal paydown: 1520 / $19000

Negative number for taxable brokerage is due to withdrawing a chunk to fund the I bonds and Backdoor Roth.  With a nasty income tax bill coming due, and looming kitchen expenses, it's going to be an uphill fight to make our goals!  I did get a bigger raise than anticipated - due to very low expectations stemming from a minuscule corporate raise pool - which should help some. 
« Last Edit: January 31, 2019, 12:07:33 PM by Arbitrage »

afuera

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Re: Save 50k single 100k couple in 2019
« Reply #22 on: January 31, 2019, 12:22:49 PM »
2019 Goals (for couple): $130k; $149k including normal debt paydown. 

As of 1/31/2019

401k: 1565 / $19000
401k match: 1501 / $16000
SIMPLE IRA: 770 / $13000
SIMPLE Match: 206 / $3000
HSA: 529 / $5500
HSA Match: 1500 / $1500
Backdoor Roth IRA: 6000 / $6000
Mega Backdoor Roth: 1203 / $16000
I Bonds: 10000 / $10000
Taxable Brokerage: (12900) / $20800
529 #1: 550 / $6600
529 #2: 550 / $6600
Extra Mortgage Principal: 500 / $6000

Total: $11974 / $130000

Regular mortgage principal and low-interest college debt principal paydown: 1520 / $19000

Negative number for taxable brokerage is due to withdrawing a chunk to fund the I bonds and Backdoor Roth.  With a nasty income tax bill coming due, and looming kitchen expenses, it's going to be an uphill fight to make our goals!  I did get a bigger raise than anticipated - due to very low expectations stemming from a minuscule corporate raise pool - which should help some. 

Your 401K match makes me drool.  It is over 3X my company match.

Arbitrage

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Re: Save 50k single 100k couple in 2019
« Reply #23 on: January 31, 2019, 08:21:43 PM »

Your 401K match makes me drool.  It is over 3X my company match.

It's new for this year.  They killed off our pension and made our match sexy.  I'm thrilled with the change, since the pension was only really benefiting the older workers; those in the younger cohort only received ~1/6 of the pension accrual rate. 

Need2Save

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Re: Save 50k single 100k couple in 2019
« Reply #24 on: February 01, 2019, 08:33:42 AM »
@Arbitrage - I agree your Match is sexy! Awesome for you.

2019 Goals vs. January Update
$19,000 / $  1,585 -- 401k Mrs
$  8,000 / $  4,222 -- 401k Match Mrs - this was for the last 1/2 of 2018 but deposited in Jan. 
$19,000 / $  2,040 -- 401k Mr
$  5,500 / $     612 -- 401k Match Mr - profit sharing questionnable
$  5,230 / $     384 -- HSA Mrs - includes some employer contributions
$  1,770 / $     288 -- HSA Mr - includes some employer contributions
$75,000 / $  2,000 -- Taxable Investments
$  6,000 / $     500 -- Other Savings
$35,000 / $  2,000 -- Extra Principal Payments
$174,500 / $13,632 -- 7.8% so far

Everything on track.  February and March will be more exciting.

McStache

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Re: Save 50k single 100k couple in 2019
« Reply #25 on: February 01, 2019, 05:54:44 PM »
January Update:
Bucket         Current / Goal
401k           $ 1,640 / $ 19,000
401k Match       $ 547 / $ 6,500
Roth IRA         $ 410 / $ 6,000
HSA              $ 750 / $ 3,500
Brokerage        $ 590 / $ 15,000
------------------------------------
Total          $ 3,939 / $ 50,000

January        $ 3,939   7.9%


I'll be accumulating a bit below goal pace for a while until some tuition reimbursement arrives.  But all in, not a bad start to the year.

peeps_be_peeping

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Re: Save 50k single 100k couple in 2019
« Reply #26 on: February 04, 2019, 12:34:35 PM »
I'm in again too as a single.

                              YTD / Goal
401(k)                   $1,584 / $19,000
401(k) match         $285 / $3,420
Roth IRA                $0 / $6,000
Taxable                 $1,000 / $19,580
Cash                     $1,000 / $12,000
Total                    $3,869 / $60,000
6.45% to goal


Bit of a slow start so far this year...

afuera

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Re: Save 50k single 100k couple in 2019
« Reply #27 on: February 05, 2019, 07:48:35 AM »
Account
L 401K:
J 401K:
L rIRA:
J rIRA:
L HSA:
J HSA: 
Brokerage: 
Total:
Goal
$50,000
$20,000
$6,000
$6,000
$3,500
$3,500
$20,000
$109,000
January
$4,086
$1,634
$2,000
$0
$750
$42.34
$0
$8,514
February
$4,086
$1,634
$1,500
$0
$250
$278.46
$0
$7,750
Total
$8,172
$3,268
$3,500
$0
$1,000
$321
$0
$16,264
% Complete
16.3%
16.3%
58.3%
0%
29.6%
9.2%
0%
15.0%


Next month will be big due to my bonus and profit sharing which should fill up both IRAs and allow us to replenish the e-fund.
« Last Edit: March 04, 2019, 10:05:02 AM by afuera »

BlueHouse

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Re: Save 50k single 100k couple in 2019
« Reply #28 on: February 07, 2019, 09:38:43 AM »


Goals:
Bucket              Current / Goal
401k                $ 2,083 / $ 25,000 (includes catch-up)
401k Match         $ 30,885 / $ 37,000
Roth IRA            $ 0,000 / $  7,000
Taxable Savings     $ 0,000 / $ 73,000
Sinking Fund        $ 3,890 / $ 23,000
------------------------------------
Total               $ 39,452 / $ 165,000

January              $ 2,593    1.7%
February            $ 35,562   23.73%



drumstache

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Re: Save 50k single 100k couple in 2019
« Reply #29 on: February 18, 2019, 01:47:35 PM »
I'm in (Single):
401K: 19K + 6K catch up (Turning the big 5-0 this year) = 25,000
401k matching: 3,300

IRA: 7,000
Taxable VK: 18,000 

Total:  53,300

philli14

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Re: Save 50k single 100k couple in 2019
« Reply #30 on: February 18, 2019, 09:53:52 PM »
Little late, but I'm in!


Bucket             Goal     | JAN
SIMPLE IRA         $ 18,000 | $ 1,095
SIMPLE IRA Match   $  3,000 | $     0
Roth IRA           $  6,000 | $ 6,000
HSA                $  3,500 | $   500
Brokerage          $ 11,000 | $     0
Savings            $ 13,000 | $-3,000
-----------------------------------------
Total              $ 54,500 | $ 4,595
Progress                    | %   8.4


In January I immediately stole 6k from savings to put into Roth, and managed to save 3k to replenish slightly, hence the negative balance and immediate 6k in Roth.
« Last Edit: February 24, 2019, 08:53:19 PM by philli14 »

Need2Save

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Re: Save 50k single 100k couple in 2019
« Reply #31 on: February 20, 2019, 05:21:19 AM »
2019 Goals vs. February Update
$19,000 / $  3,013 -- 401k Mrs
$  8,000 / $  4,222 -- 401k Match - won't change again until July 
$19,000 / $  3,400 -- 401k Mr
$  5,500 / $  1,020 -- 401k Match Mr - profit sharing questionnable
$  5,230 / $     748 -- HSA Mrs - includes some employer contributions
$  1,770 / $     480 -- HSA Mr - includes some employer contributions
$75,000 / $13,000 -- Taxable Investments
$  6,000 / $  1,000 -- Other Savings
$35,000 / $  4,000 -- Extra Principal Payments
$174,500 /$30,885 -- 17.7% so far

Arbitrage

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Re: Save 50k single 100k couple in 2019
« Reply #32 on: February 28, 2019, 07:50:54 AM »
2019 Goals (for couple): $130k; $149k including normal debt paydown. 

As of 2/28/2019

401k: $3141 / $19000
401k match: $2711 / $16000
SIMPLE IRA: $1970 / $13000
SIMPLE Match: $500 / $3000
HSA: $953 / $5500
HSA Match: $1500 / $1500
Backdoor Roth IRA: $6000 / $6000
Mega Backdoor Roth: $2416 / $16000
I Bonds: 10000 / $10000
Taxable Brokerage: (11500) / $20800
529 #1: $1100 / $6600
529 #2: $1100 / $6600
Extra Mortgage Principal: $1000 / $6000

Total: $20891 / $130000    16.1%

Regular mortgage principal and low-interest college debt principal paydown: $3070 / $19000

Negative number for taxable brokerage is due to withdrawing a chunk to fund the I bonds and Backdoor Roth.  I'm not optimistic about making our goals right now, with a couple of big expenses coming up; I'm probably going to drop the extra principal payment to put it toward those expenses.  My annual raise (and then some) will have to be siphoned off to pay our income tax bill.  Hopefully something turns our way and we can make it up somewhere.
« Last Edit: February 28, 2019, 08:09:54 AM by Arbitrage »

philli14

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Re: Save 50k single 100k couple in 2019
« Reply #33 on: February 28, 2019, 10:33:13 AM »

Bucket                 GOAL |     JAN |     FEB |   TOTAL |
SIMPLE IRA         $ 18,000 | $ 1,095 | $ 1,850 | $ 2,945 |
Roth IRA           $  6,000 | $ 6,000 | $     0 | $ 6,000 |
HSA                $  3,500 | $   500 | $   500 | $  1000 |
Brokerage          $ 11,000 | $     0 | $     0 | $     0 |
Savings            $ 13,000 | $-3,000 | $ 3,000 | $     0 |
------------------------------------------------------------
Total              $ 51,500 | $ 4,595 | $ 5,350 | $ 9,945 |
Progress                    | %   8.9 | %  10.4 | %  19.3 |
« Last Edit: March 09, 2019, 11:46:29 AM by philli14 »

McStache

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Re: Save 50k single 100k couple in 2019
« Reply #34 on: February 28, 2019, 06:09:47 PM »
February Update:
Bucket         Current / Goal
401k           $ 3,281 / $ 19,000
401k Match     $ 1,094 / $ 6,500
Roth IRA       $ 1,000 / $ 6,000
HSA            $ 1,000 / $ 3,500
Brokerage      $ 2,045 / $ 15,000
------------------------------------
Total          $ 8,420 / $ 50,000

January        $ 3,939    7.9%
February       $ 8,420   16.8%

linuxhero

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Re: Save 50k single 100k couple in 2019
« Reply #35 on: March 01, 2019, 12:48:04 PM »
February check in.  It seems my raise/bonus will not be as high as I had predicted at the beginning of the year.  We may not be able to make $100k in savings, but we'll have to see.


HSA                   $833 / $5000
HSA Match               $0 / $2000
401K After Tax       $9510 / $29558
401K Employer Match  $1026 / $7405
401K Pre Tax            $0 / $19000
Roth IRA               $73 / $6000
Wife Roth IRA          $73 / $6000
Mortgage Principal   $1511 / $9240
Taxable Account         $0 / $5736
Wife 401K            $2176 / $13056
Wife 401K Match       $153 / $979

Total:              $15354 / $103974 (14.7%)

afuera

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Re: Save 50k single 100k couple in 2019
« Reply #36 on: March 04, 2019, 10:05:40 AM »
Account
L 401K:
J 401K:
L rIRA:
J rIRA:
L HSA:
J HSA: 
Brokerage: 
Total:
Goal
$50,000
$20,000
$6,000
$6,000
$3,500
$3,500
$20,000
$109,000
January
$4,086
$1,634
$2,000
$0
$750
$42.34
$0
$8,514
February
$4,086
$1,634
$1,500
$0
$250
$278.46
$0
$7,750
Total
$8,172
$3,268
$3,500
$0
$1,000
$321
$0
$16,264
% Complete
16.3%
16.3%
58.3%
0%
29.6%
9.2%
0%
15.0%


Next month will be big due to my bonus and profit sharing which should fill up both IRAs and allow us to replenish the e-fund.

OneCoolCat

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Re: Save 50k single 100k couple in 2019
« Reply #37 on: March 09, 2019, 10:19:34 AM »
I'll do my best.  Single income but I also have three dependents.

Goal is to save $55k in 2019 (not including employer match which isn't much). 

401k - $19,000
IRA - $6,000
Wife's IRA - $6,000
HSA - $6,900
Taxable account - $15,000
Crypto - $2,100

This is a stretch goal.

I'm on track to hit this but I need to make an adjustment since I received a nice raise.  New numbers:
401k - $19,000
IRA - $6,000
Wife's IRA - $6,000
HSA - $6,900
Taxable account - $15,000 $25,500
Crypto - $2,100
529 Account #1: $3,400
529 Account #2: $3,100

New goal is $70,000!

SotI

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Re: Save 50k single 100k couple in 2019
« Reply #38 on: March 10, 2019, 03:18:38 AM »
This is my first full year of "real" financial planning. Initially, I thought, maybe 50k is a bit ambitious. However, I think I can make it (all things going well), so I go for a stretch goal.
Beginning of the year is always slow on savings, but hopefully things will pick up as planned.

                                           Goal            Current   
Tax exempt plan:            7,200              878       12.20%
Savings incl. EF:           13,000              390         3.00%
Brokerage:                     41,500            3,550        8.55%

Total:                              61,700            4,818         7.81%

Need2Save

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Re: Save 50k single 100k couple in 2019
« Reply #39 on: March 20, 2019, 07:09:37 PM »
March is a month in which we both get an annual bonus, one of us gets an 'extra check' and Mr. also got a $5k 401(k) profit sharing deposit for last year.  Very atypical from the rest of our year.

2019 Goals vs. March Update

$19,000 /  $  5,157 -- 401k Mrs
$  8,000 /  $  4,222 -- 401k Match - won't change again until July 
$19,000 /  $  7,160 -- 401k Mr
$  5,500 /  $  7,148 -- 401k Match Mr - includes profit sharing of $5k (Mar '19)
$  5,230 /  $  1,259 -- HSA Mrs - includes some employer contributions
$  1,770 /  $     673 -- HSA Mr - includes some employer contributions
$75,000 /  $40,000 -- Taxable Investments
$  6,000 /  $  1,500 -- Other Savings
$35,000 /  $14,500 -- Extra Principal Payments
$174,500 /$81,621 -- 47%

TexasRunner

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Re: Save 50k single 100k couple in 2019
« Reply #40 on: March 21, 2019, 10:37:19 AM »
Alright I'm in....   

Married but I'm the sole breadwinner.  I've come to realize that we are planning on saving about 44k anyways so stretching it to 50k is a good motivator.

2019 Goals
$19,000 into My 401
$6,000 into my IRA
$6,000 into her IRA
TBD ($3,150) 401k Match. Possibly changing up jobs to a new employer that does 50 cents on the dollar to 6%.  Much better than current.
$10,000 expansion of EM Fund
$2,950 mortgage principle
$2,900 into taxable (minimum)

$50,000 - TOTAL SAVINGS


2019 Goals vs. Current Status
$19,000  /  $906.20  --  His 401 (Keeping this low to get better matching later)
$6,000  /  $400.00  --  His IRA
$6,000  /  $600.00  --  Her IRA
$3,150  /  $135.94  --   401k Match (This will all disappear if I do change jobs, but the new job match is much better)
$10,000  /  $1,150.00  --   Expansion of EM Fund
$2,950  /  $742.17  --  Mortgage Principle
$2,900  /  $0.00  --  Taxable (minimum)

$50,000  /  $3,934.31 or 7.87% of total...   While we are 25% of the way through the year.  :/

I have some catching up to do.

linuxhero

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Re: Save 50k single 100k couple in 2019
« Reply #41 on: March 21, 2019, 08:08:48 PM »
March is bonus time for us.  Put the max of 50% of my bonus paycheck into my 401k.  Got a windfall that was unexpected in addition to that, so putting that into our standard savings account, and updating our totals to now hopefully break $100k for the first time ever.  Hooray.


HSA                  $1250 / $5000
HSA Match               $0 / $2000
401K After Tax      $21981 / $29558
401K Employer Match  $2244 / $7405
401K Pre Tax            $0 / $19000
Roth IRA             $1921 / $6000
Wife Roth IRA        $1921 / $6000
Mortgage Principal   $2271 / $9240
Windfall            $16900 / $16900
Wife 401K            $2720 / $13056
Wife 401K Match       $187 / $979

Total:              $51394 / $115139 (44.6%)

BlueHouse

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Re: Save 50k single 100k couple in 2019
« Reply #42 on: March 26, 2019, 08:15:35 AM »


Goals:
Bucket              Current / Goal
401k                $ 6,250 / $ 25,000 (includes catch-up)
401k Match         $ 31,905 / $ 37,000
Roth IRA            $ 7,000 / $  7,000
Taxable Savings     $ 0,000 / $ 73,000
Sinking Fund        $ 5,835 / $ 23,000
------------------------------------
Total               $ 50,990 / $ 165,000

January              $ 2,593    1.7%
February            $ 35,562   23.73%
March                $50,990    30.90%



ItsALongStory

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Re: Save 50k single 100k couple in 2019
« Reply #43 on: March 26, 2019, 09:07:57 AM »
That is one hell of a 401k match.

Sent from my Pixel 2 XL using Tapatalk


billy

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Re: Save 50k single 100k couple in 2019
« Reply #44 on: March 26, 2019, 09:22:02 AM »
2019 GOALLLLLLLLLLLLLLLS for us, not including dividends, matches, bonuses, or pension contributions mumbo jumbo.

t401k     $19,000
t401k     $19,000
t457       $19,000
tIRA       $6,000   (mission accomplished)
tIRA       $6,000   (mission accomplished)
taxable   $53,000

total       $122,000

This is our first time doing traditional, I think think it will work out a lot better for us.


ToughMother

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Re: Save 50k single 100k couple in 2019
« Reply #45 on: March 26, 2019, 08:05:08 PM »
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

Epic pay cut last year; just accepted yet another new gig as of April 1 bringing my salary back up, so new goals for CY19 in order:
TSP        $19,000
457        $25,000
Pension  $13,000
Invest    $22,800
ROTH       $7,000
TOTAL  $86,800
« Last Edit: June 02, 2019, 04:28:40 PM by ToughMother »

OurTown

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Re: Save 50k single 100k couple in 2019
« Reply #46 on: March 27, 2019, 01:13:40 PM »
We are on target to save about $72k as a couple, so we are unworthy of this challenge.  But it's awesome to see so many folks just nailing it on this thread.

use2betrix

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Re: Save 50k single 100k couple in 2019
« Reply #47 on: March 27, 2019, 03:43:16 PM »
Well this month I will have topped 50k saved in 2019 on a single income (around 54k or so). Should hit the 100k saved by June if I donít do anything stupid.. Thatís a big ďif.Ē Really been fighting off the urge to replace our 1999 Toyota Camry.. Thereís a lot of pride in driving that old Camry at my income.. Though I also really like vehicles and there would be a lot of enjoyment in something else..

philli14

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Re: Save 50k single 100k couple in 2019
« Reply #48 on: March 29, 2019, 10:52:24 AM »

Bucket                 GOAL |      JAN |      FEB |      MAR |    TOTAL |
SIMPLE IRA         $ 18,000 | $  1,095 | $  1,850 | $  1,850 | $  4,795 |
Roth IRA           $  6,000 | $  6,000 | $      0 | $      0 | $  6,000 |
HSA                $  3,500 | $    500 | $    500 | $    500 | $  1,500 |
Brokerage          $ 15,000 | $      0 | $      0 | $      0 | $      0 |
Savings            $  9,000 | $ -3,000 | $  3,000 | $  2,000 | $  2,000 |
-------------------------------------------------------------------------
Total              $ 51,500 | $  4,595 | $  5,350 | $  4,350 | $ 14,295 |
Progress                    | %    8.9 | %   10.4 | %    8.4 | %   27.8 |


1/4 into the year, a little over 25% of the way there. Hoping for a big month next month.
« Last Edit: April 20, 2019, 09:32:06 AM by philli14 »

ToughMother

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Re: Save 50k single 100k couple in 2019
« Reply #49 on: March 29, 2019, 08:07:29 PM »
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

Epic pay cut last year; just accepted yet another new gig as of April 1 bringing my salary back up, so new goals for CY19 in order:
TSP        $19,000
457        $25,000
Pension  $13,000
Invest    $22,800
ROTH       $7,000
TOTAL  $86,800

Q1 update

Bucket         Goal | Q1
TSP        $ 19,000 | $  4,385
457        $ 25,000 | $  5,769
Pension    $ 13,000 | $  1,927
Invest     $ 22,800 | $      0
Roth       $  7,000 | $      0
-----------------------------------------
Total      $ 86,800 | $ 12,081
Progress            | % 13.9
« Last Edit: June 02, 2019, 04:44:19 PM by ToughMother »