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Current State - My student loans: $185k at 0%, eligible for PSLF 5/2022, on payment pause until then so should be able to apply after May's payment is sent - Her student loans: $150k at 0%, eligible for PSLF 6/2023, payments on pause - Mortgage: 15 yr fixed at 2.25% Financial Goals - Max backdoor Roth IRAs for me/spouse Done - Max my/spouse's 403b/457b on autopilot, contributions upped for the year - Put in 2-3k/month in to taxable Probably will drop to $2k when her loan payments restart - $1k/mo to each of our two kids 529s on autopilot - Goal: Increase net worth by $500k  Would also be counting on my student loans being wiped for this to happen- Goal: Start a small endowment for the training program I direct, or not if I jump ship Personal Goals - Work out 5 days a week when not on service - Get stuff together for academic promotion application in July, may defer if a good job opportunity comes up without it - Learn 1 new piano piece - Actually use the cash we've been saving for the things it's earmarked for (mainly home renovation, new car for spouse)
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Jan 5, 2022 18:41
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| # ¿ May 18, 2024 02:31 |
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February update Current State - My student loans: - Her student loans: $150k at 0%, eligible for PSLF 6/2023, payments on pause - Mortgage: 15 yr fixed at 2.25% Financial Goals - Max backdoor Roth IRAs for me/spouse Done - Max my/spouse's 403b/457b on autopilot - Put in 3k/month in to taxable Probably will drop to $2k when her loan payments restart - $1k/mo to each of our two kids 529s on autopilot - Goal: Increase net worth by $500k Already already $185k closer, hah- Goal: Start a small endowment for the training program I direct, or not if I jump ship looking into some matching funds, might get a 1:1 match Personal Goals - Work out 5 days a week when not on service - Get stuff together for academic promotion application in July, may defer if a good job opportunity comes up without it - Learn 1 new piano piece - Actually use the cash we've been saving for the things it's earmarked for (mainly home renovation, new car for spouse) new couch for family room purchased - 3 y/o brought home COVID for everyone, breakthrough infections for all but doing ok, finishing quarantine today, going to take advantage of everyone's immune status to travel/do indoor activities with the kids
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Feb 1, 2022 19:52
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March update Current State - My student loans: PSLF'ed in January - Her student loans: - Mortgage: 15 yr fixed at 2.25% Financial Goals - Max backdoor Roth IRAs for me/spouse Done - Max my/spouse's 403b/457b On autopilot - Put in 3k/month in to taxable On autopilot - $1k/mo to each of our two kids 529s On autopilot - Goal: Increase net worth by $500k Both loans out of the way, now depends on the market - Goal: Start a small endowment for the training program I direct, or not if I jump ship Signed the documents committing to the endowment, for maximum flexibility in how funds are used had to forgo matching funds that came with too many strings attached which is unfortunate Personal Goals - Work out 5 days a week when not on service - Get stuff together for academic promotion application in July, may defer if a good job opportunity comes up without it - Learn 1 new piano piece - Actually use the cash we've been saving for the things it's earmarked for (mainly home renovation, new car for spouse) spouse wants to use some for deferred vacations, inclined to agree - More social activities now that everyone's had COVID + vaccinations - New goal, actually tend to mental health and start counseling, starting this month and will see how it goes
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Mar 7, 2022 14:46
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August Update Current State - My student loans: PSLF'd in January - Her student loans: PSLF'd in March - Mortgage: 15 yr fixed at 2.25% Financial Goals - Max backdoor Roth IRAs for me/spouse Done - Max my/spouse's 403b/457b On autopilot - Put in - $1k/mo to each of our two kids 529s On autopilot - Goal: - Goal: Start a small endowment for the training program I direct, or not if I jump ship Moving forward, got 2 other donors so far, if my bonus is right might be able hit the amount needed to take effect by the end of the year Personal Goals - Work out 5 days a week when not on service - Get stuff together for academic promotion application in July - Learn 1 new piano piece wayyy on the backburner, welp - Actually use the cash we've been saving for the things it's earmarked for got new furniture as a celebration, extended family beach trip this month - More social activities now that everyone's had COVID + vaccinations - New goal, actually tend to mental health and start counseling, it's been ok so far, giving it more time Wife made associate professor (!!!) which came with a nice salary bump. My raise actually kept up with inflation (9%), was not expecting that, so spending a bit and saving most of it
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Jul 30, 2022 14:49
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End of Year Update Current State - My student loans: PSLF'd in January - Her student loans: PSLF'd in March - Mortgage: 15 yr fixed at 2.25% Financial Goals - Max backdoor Roth IRAs for me/spouse Done - Max my/spouse's 403b/457b Done - Put in - - Goal: - Goal: Start a small endowment for the training program I direct, or not if I jump ship Got a big bonus, donated a bunch of it to get to the amount needed for it to activate, endowment is officially active Personal Goals - Work out 5 days a week when not on service Generally successful, when I manage to not reinjure my back... - Get stuff together for academic promotion application in July - Learn 1 new piano piece Nope, try again next year - Actually use the cash we've been saving for the things it's earmarked for Got the things, trying to spend thoughtfully and not just hoard everything - More social activities now that everyone's had COVID + vaccinations - Happening, back to the usual work/life limitations - Continuing counseling, results have been mixed but trying to stick with it A good year financially despite a terrible market, I'm counting any net worth change >0 as a major success. A good year professionally, stepped up to full program director position, new faculty that are actively making the program better instead of trying to hold everything together myself, feels like plugging holes in a dam at times but maybe there'll be more consistent forward progress. Trying to get away from miser-brain to spend thoughtfully to make life easier, the time/money balance is very much in favor of spending more to get time back now, it's probably been that way for a long time but it's hard to switch gears. Not having massive student loans anymore though helps a lot.
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Dec 18, 2022 19:34
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