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I got a raise!
Old 05-05-2014, 04:46 PM   #1
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I got a raise!

A totally unexpected raise!

So this degree I went back for that took me 5 years (I had no engineering background when I started, it was a long road), has increased my salary 33% in 2 years! I am very grateful, it always doesn't work out that way.

I had an intial raise soon after graduation (and a position title change), and now this second one! I was also informed I get the 1.5% COL raise coming in July.

Very exciting!

Opening an HSA for myself this month and looking to add a little extra to the mortgage payments.
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Old 05-05-2014, 04:47 PM   #2
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Opening an HSA for myself this month and looking to add a little extra to the mortgage payments.
Excellent! But do allow yourself a glass of wine.
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Old 05-05-2014, 04:50 PM   #3
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Yes! Already thinking about sitting on the sunny warm deck enjoying a blood orange San Pellegrino and gin with my husband!
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Old 05-05-2014, 06:24 PM   #4
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Congratulations!!!
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Old 05-05-2014, 07:27 PM   #5
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Nice!
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Old 05-05-2014, 07:30 PM   #6
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Many happy returns.
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Old 05-05-2014, 08:10 PM   #7
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I like a good story when hard work pays off. Congrats!
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Old 05-06-2014, 12:43 AM   #8
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Congrats on the raise! And that blood orange cocktail sounds delicious.
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Old 05-06-2014, 03:10 AM   #9
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Congratulations! It's always great to hear about hard work paying off.
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Old 05-06-2014, 06:33 AM   #10
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Congratulations!
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Old 05-06-2014, 07:04 AM   #11
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Congrats, ginadog! Love it when a plan comes together.
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Old 05-06-2014, 09:51 AM   #12
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Awesome - congrats! According to the news reports, this is impossible! No one can get ahead, we are all doomed, personal initiative is hopeless! Corporate America is just out to screw everyone! Fortunately, you didn't listen to 'em!

Congrats again, but.... did'ya have to mention.......












adding to the mortgage payments? Now this just has to turn into another 'pay off the mortgage' thread!

But seriously, consider if that is really the best use of the extra cash flow.

-ERD50
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Old 05-06-2014, 11:23 AM   #13
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Good going! I am very happy for you!
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Old 05-06-2014, 11:30 AM   #14
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Congratulations! A nice reward for your hard work. Hope you have a nice celebration planned.
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Old 05-06-2014, 11:41 AM   #15
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Originally Posted by ERD50 View Post
Congrats again, but.... did'ya have to mention.......

adding to the mortgage payments? Now this just has to turn into another 'pay off the mortgage' thread!

But seriously, consider if that is really the best use of the extra cash flow.

-ERD50
Uh oh, is that a taboo topic here? I haven't noticed. OK, I won't make my second post I was thinking then!

My husband was pretty convincing that we should put any extra funds towards tax-deferred accounts rather than the mortgage, so we will have a mortgage still in ER for about 5-7 years as it looks right now.

So today, we each started adding $100 each to our 403b accounts (which were otherwise untouched at the moment) - that makes a Roth (maxed), 457b (maxed), 403b ($100 each), 401a (14.2% each from work), and HSA (maxed) for each of us.
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Old 05-06-2014, 11:43 AM   #16
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Uh oh, is that a taboo topic here? I haven't noticed.
Not taboo, more like never-ending, circular and eternally debated.
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Old 05-06-2014, 11:47 AM   #17
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Not taboo, more like never-ending, circular and eternally debated.
I'm paying off my mortgage...

In 2042...
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Old 05-06-2014, 11:58 AM   #18
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Ah!

Quote:
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I'm paying off my mortgage...

In 2042...
When you're 88?
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Old 05-06-2014, 12:07 PM   #19
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Ah!



When you're 88?
Sounds right...

I paid extra for years, but when I was right-sized by megaconglomocorp, I stopped, to improve my cash flow, and to keep some dry powder. Fast forward to 2012, I refi-ed at 3.75%, so PITI is $700, which fits my FIRE budget. Plus. most of my money is in tax-deferred, so I'd take a very big tax hit to remove money just to pay off mortgage.
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Old 05-06-2014, 01:33 PM   #20
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I should probably note that I was working at the same place for 8 years before I went back to school (and kept working). I have been there a total of 15 years now. Tasks have changed over time.
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