Q3 - 2016 update:
Originally Posted by dvalley
End of Q2 update:
Savings+investments are now at: $480k
I'm at 33% of my target retirement networth of $1.4M which is on the comfortable side and 48% of my $1M "can't do this crap anymore, I'm outta here" target. However, I'm also targeting college+marriage savings for DD to be $40k+$10k so the percentages drop.
Still three years ago (when I was 38 and not 41
) when I started this thread I was at $240k so my networth doubled in exactly three years, I'll take it!
Looking ahead $500k could happen this year provided the market doesn't slip back too much.
Savings+investments are now at: $499k
Looks like my investments+savings slipped a few thousand from the peak of $502k in Jul '16.
I also just changed jobs which came with a pay-cut but less stress (so far) and I can contribute to HSA too now. Here's how I'm allocating my pre-tax contributions for the next quarter:
Maxing out HSA for the year $3500 (starting now and doing it in 3 months)
Maxing out 401k for the year $18k (starting now and also doing it in 3 months)
This essentially wipes out my net take-home paycheck
but I get a portion of the employer match on the 401k (free money) and I also reduce my taxable income which will help offset a bonus I received from the previous employer earlier this year.
Looking ahead I need to find an opportunity to invest a portion of the cash somewhere, either when the RE market turns or the stock market. I know, market timing.