|
Awww yeah sons, I'll quantify this poo poo this time. I have some weird cash flow, so I am listing goals for the end of this year and next year separately: I get a minimum of 30% of my total comp as a one-time bonus payout at the end of the year, which this year at minimum is $39k. Goals for end of this year: Right now, I'm tracking to receive a pretax payment of $50-55k. Rebuild emergency fund - $10k in an Ally high-yield Pay off car loan - $17k remaining @4.2% - this is my only debt Squirrel away up to $5k for vacation and skiing Rest (if there is any) to misc investment account/housing down payment fund During 2015 before 2015 one-time bonus anticipated net monthly income (incl 401k witholding) $5580/mo anticipated total monthly expenses $3380/mo Goals: Max out 401k - $18k Roth IRA - $2k Misc investment/housing downpayment fund - $5k I should have enough to hit goals and have a grand or so left over, plus the money I get back from the govt. SHOULD.
|
#
¿
Dec 14, 2014 13:10
|
|
|
|
| # ¿ May 12, 2024 10:27 |
|
|
KYOON GRIFFEY JR posted:Awww yeah sons, I'll quantify this poo poo this time. I have some weird cash flow, so I am listing goals for the end of this year and next year separately: Realized that I will be well over the Roth IRA income limit this year. I will switch that money to housing downpayment fund. Goals: Max out 401k - $18k Misc investment/housing downpayment fund - $7.5k
|
|
#
¿
Dec 15, 2014 12:50
|
|
|
KYOON GRIFFEY JR posted:Awww yeah sons, I'll quantify this poo poo this time. I have some weird cash flow, so I am listing goals for the end of this year and next year separately: Pretax $52k, post-tax $29k. It'll drop to me on Friday. This means I can only squirrel away about $2k for vacation and skiing, which is slightly below where I wanted to be. I have decided to keep car loan payoff money in a separate account and pay it off gradually over this year. The rationale there is that I have made a couple late payments in the past on credit cards due to sheer laziness, so subdividing this payoff in to 12 on-time payments throughout the year allows me to improve the numerator and denominator of my on-time payments score. If this is a crackhead scheme, someone say something. I also have to run a cost-cutting purge around the cable bill, cancel MLB.tv and some other things I don't really need to be paying for. Call it end-of year budget housekeeping. I have already entirely offloaded cell phone bill responsibility to work, so that frees up 12-1400 a year.
|
|
#
¿
Dec 16, 2014 21:39
|
|
|
SlapActionJackson posted:Nah, contribute to a Roth with the backdoor method instead: http://www.bogleheads.org/wiki/Backdoor_Roth_IRA Yeah, I'm thinking about this, but I looked at my Roth IRA and I actually have way more money in there than I thought (oops), so the housing downpayment is a higher priority anyway.
|
|
#
¿
Jan 19, 2015 14:42
|
|
|
Jon Von Anchovi posted:Possibly a dumb question; but about ready to start posting ITT and just realised, you guys are all doing goals for the financial year aren't you, not calendar. I'm in Australia so fin year is July 1 to June 30 but ive mentally been doing goals for calendar year I run my goals CY because it makes sense to me.
|
|
#
¿
Nov 30, 2015 19:34
|
|
|
|
| # ¿ May 12, 2024 10:27 |
|
|
KYOON GRIFFEY JR posted:Awww yeah sons, I'll quantify this poo poo this time. I have some weird cash flow, so I am listing goals for the end of this year and next year separately: I would call this largely unsuccessful, but I did make significant progress on each of the goals. Sidetracked by injury and car accident, which I managed to cover without putting a dent in efund although at the cost of a couple of my goals.
|
|
#
¿
Dec 15, 2015 14:38
|
|