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Old 07-18-2016, 09:38 PM   #61
Recycles dryer sheets
Join Date: Jul 2013
Posts: 371
Thanks everyone- nat8199 congrats to you too!

LitGal, you've always been so supportive, thank you!

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Old 10-09-2016, 01:04 PM   #62
Recycles dryer sheets
Join Date: Jul 2013
Posts: 371
Originally Posted by dvalley View Post
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.
Q3 - 2016 update:
Savings+investments are now at: $499k

Looks like my investments+savings slipped a few thousand from the peak of $502k in Jul '16.

Current allocation:
Investments: $420k
Cash: $79k

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.

Target FI age /year: 50/2025
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