ronocnikral
Full time employment: Posting here.
- Joined
- Apr 26, 2010
- Messages
- 853
Most the guys I work with think I am off my rocker, as they have been working for...30 + years.
I'm 27 and a lifetime nerd (read: engineer). I just hit the 5 year mark with my company, which means I not only get an extra week of vacation, but I am now vested in my company's pension. For whatever that is worth. I try to understand...but they change the rules all the time and I really don't have the time to keep up. And I look forward to another 20 years of pure working joy...
Anywho, I just hit a couple of big financial milestones in my life. The 1st being my "net worth" is out of the red (401k, savings, IRA, home equity>my mortgage balance) and 2, I am a hundred-thousandaire. My 401k went over $100k, which was exciting for me. My 401k is worth about $120k today, about 40% was contributed as Roth money. And I have $18k in a roth IRA (need get back into contributing to that...). In addition to another $30k sitting in savings (emergency fund, "new" car fund, etc) and about 6 months food storage.
A year ago I paid off all $42k of my student loans and I never have had a car payment (thanks to generous parents, riding a bike and caring less about my "ride" - I used to drive a '93 Olds, but the lack of AC and Houston got to me). My wife and I have no CC debt. We still owe $220k on our house, as we are proud home owners for 1 solid year (well, my wife owned a house for 12 years or so before we married). We have over $100k in equity in the house.
I know all this may seem naive and childish, but I look forward to retirement somewhere in the northern rockies (e.g. Montanta). With kids still in front of us (we've haven't had any yet and we have at least another 9 months before one shows up), I'm really interested in understanding the costs, 529's, accounts for emergency funds, etc. I've been poking around here and just trying to soak up the information.
Thanks for having me and I look forward to learning from ya'll (I had to throw that in there).
I'm 27 and a lifetime nerd (read: engineer). I just hit the 5 year mark with my company, which means I not only get an extra week of vacation, but I am now vested in my company's pension. For whatever that is worth. I try to understand...but they change the rules all the time and I really don't have the time to keep up. And I look forward to another 20 years of pure working joy...
Anywho, I just hit a couple of big financial milestones in my life. The 1st being my "net worth" is out of the red (401k, savings, IRA, home equity>my mortgage balance) and 2, I am a hundred-thousandaire. My 401k went over $100k, which was exciting for me. My 401k is worth about $120k today, about 40% was contributed as Roth money. And I have $18k in a roth IRA (need get back into contributing to that...). In addition to another $30k sitting in savings (emergency fund, "new" car fund, etc) and about 6 months food storage.
A year ago I paid off all $42k of my student loans and I never have had a car payment (thanks to generous parents, riding a bike and caring less about my "ride" - I used to drive a '93 Olds, but the lack of AC and Houston got to me). My wife and I have no CC debt. We still owe $220k on our house, as we are proud home owners for 1 solid year (well, my wife owned a house for 12 years or so before we married). We have over $100k in equity in the house.
I know all this may seem naive and childish, but I look forward to retirement somewhere in the northern rockies (e.g. Montanta). With kids still in front of us (we've haven't had any yet and we have at least another 9 months before one shows up), I'm really interested in understanding the costs, 529's, accounts for emergency funds, etc. I've been poking around here and just trying to soak up the information.
Thanks for having me and I look forward to learning from ya'll (I had to throw that in there).