30 , married with two children in South Louisiana

[Cassius King]

Update on the cash position? What's it currently at? You've got everything covered, and are doing great.

 

[lucky_reaper]

Cash is at 41000


Sent from my iPhone using Early Retirement Forum

 

[kgtest]

Well you passed me and my wife up. We are 35. congrats. I have a High COL here up north in MN...and it looks like yall earn a bit more we will clear 152k this year.


Nice work.

 

[lucky_reaper]

wow thread revival incoming!!

401k 1 157000
401k 2 152000
R-IRA 1 23000
R-IRA 2 24000
Brokerage 15000

Mortgage 122000

income is at 200000

Cash on hand is 40000

I'm thinking of burning down the mortgage. Throwing everything at it in 2019!

 

[thumbs]

Wow...way to go! It's amazing what you can accomplish over time. And now that it's a habit, I bet its not that hard either. Keep us updated... I love these multi year threads

 

[Hermit]

wow thread revival incoming!!

401k 1 157000
401k 2 152000
R-IRA 1 23000
R-IRA 2 24000
Brokerage 15000

Mortgage 122000

income is at 200000

Cash on hand is 40000

I'm thinking of burning down the mortgage. Throwing everything at it in 2019!

You might consider keeping the Brokerage account a little more balanced with the tax deferred accounts. I did not do this and now that I am over 65 I will have to pay additional "premiums" to Medicare if I want to do something wild and crazy like withdraw some cash to buy a new truck. That hit quickly adds up to thousands of dollars going to the Government. This is in addition to higher income taxes. If some of the IRA and 401k are in Roth accounts, that works too.

 

[lucky_reaper]

Update:
401K-1 229000
401K-2 215000
R-IRA-1 38000
R-IRA-2 41000
Brokerage 56000
Cash 25000

Debts
Home 105000

Income:
255K

Been an awesome ride!
Focusing on home pay off.
shooting for July of 2021!
See you then!

 

[retiringby50]

I think you're a great example of someone/both of you of having goals and working towards them. So many others would have thought they won the lottery with the jobs and spent so much keeping up with the Jones' (do we still say that?) and be nowhere near you.