Hey guys,
Wanted to post an update to FI progress and maybe use this as 'blog' to update each year toward my progress.
28 years old
Taxable: 345k
401k: 145K
Roth IRA: 3.5K
Trad IRA: 24K
Condo: Approx 250K with 135K mortgage
Current salary: 90K, bonus 20-40K
Between 401K, employer match, and taxable contributions, I'm saving about 30-35K annually. Expenses are ~60K.
Hoping to be FI around 2027, which would mean a target of ~2MM. Right now I'd like to RE to a low COLA country (southeast asia, central america), but we'll see what I feel like doing once I'm FI.
My savings rate is probably lower, at least percentage wise, compared to a lot of people on this board. I could definitely be saving more and cutting out another 15-20k of expenses a year, but I enjoy traveling and other expensive hobbies and have been trying to balance savings vs. enjoying today.
Wanted to post an update to FI progress and maybe use this as 'blog' to update each year toward my progress.
28 years old
Taxable: 345k
401k: 145K
Roth IRA: 3.5K
Trad IRA: 24K
Condo: Approx 250K with 135K mortgage
Current salary: 90K, bonus 20-40K
Between 401K, employer match, and taxable contributions, I'm saving about 30-35K annually. Expenses are ~60K.
Hoping to be FI around 2027, which would mean a target of ~2MM. Right now I'd like to RE to a low COLA country (southeast asia, central america), but we'll see what I feel like doing once I'm FI.
My savings rate is probably lower, at least percentage wise, compared to a lot of people on this board. I could definitely be saving more and cutting out another 15-20k of expenses a year, but I enjoy traveling and other expensive hobbies and have been trying to balance savings vs. enjoying today.