micknavy45
Confused about dryer sheets
- Joined
- Aug 19, 2009
- Messages
- 2
So I know I could pay a financial analyst a couple hundred dollars to tell me if I'm on the right path.
I figured I would ask you instead, here is my info:
I'm 27 years old. Plan to retire at 67. Not married but plan too someday, and no kids(that I'm aware of...) but plan to have some...well, not me but...you get the idea.
In a secure job(knock on wood) and gross about $110,000/yr
I have $400000 worth of insurance through my job.
My pension, if I stay at my current company will be approx $4300/month if I retire at 67 and begin drawing it at the same time.
MY Social Security...if it still exists then would be $2200...which I think is low...but thats what the website SSA.GOV said.
I contribute the max to my traditional 401k and my company matches 100% up to 4% contribution. I have been here 2 years and have $29000 in the 401K. It is 80$ domestic equities, 15% international equities. The rest a mix.
I have a Roth IRA worth $18,500 that I also max out every year. It has 2 mutual funds Vanguard 2045 target fund(VTIVX)-$13,500 and USAA precious metals fund(USAGX)-$5,000
I have a USAA Flexible Retirement Annuity worth $9300 Current Interest Rate 3.500% Effective Annual Rate 4.305% Guaranteed Minimum Rate 2.75% I don't contribute to this anymore and wish I didn't get it, chock it up to experience at the time. There are no fees as long as I stay over $5,000
I have an Emergency Fund worth $8100 that I contribute $200 every 2 weeks too. I think I need to keep growing this.
I have no credit card debt, no truck payment.
I have a mortgage of $304,000 as of this month, my monthly payment is $2500. I am refinancing right now to a 5.250% rate which will save me approx $230/month and I don't plan on moving any time soon, so I will pay off the closing costs.
I don't have a lot of monthly expenses, probably about $1100(utilities, TV, food, beer, etc)
Any ideas on how I can improve? Or am I on the right path?
I know there is more info I could put down
Thanks everyone.
I figured I would ask you instead, here is my info:
I'm 27 years old. Plan to retire at 67. Not married but plan too someday, and no kids(that I'm aware of...) but plan to have some...well, not me but...you get the idea.
In a secure job(knock on wood) and gross about $110,000/yr
I have $400000 worth of insurance through my job.
My pension, if I stay at my current company will be approx $4300/month if I retire at 67 and begin drawing it at the same time.
MY Social Security...if it still exists then would be $2200...which I think is low...but thats what the website SSA.GOV said.
I contribute the max to my traditional 401k and my company matches 100% up to 4% contribution. I have been here 2 years and have $29000 in the 401K. It is 80$ domestic equities, 15% international equities. The rest a mix.
I have a Roth IRA worth $18,500 that I also max out every year. It has 2 mutual funds Vanguard 2045 target fund(VTIVX)-$13,500 and USAA precious metals fund(USAGX)-$5,000
I have a USAA Flexible Retirement Annuity worth $9300 Current Interest Rate 3.500% Effective Annual Rate 4.305% Guaranteed Minimum Rate 2.75% I don't contribute to this anymore and wish I didn't get it, chock it up to experience at the time. There are no fees as long as I stay over $5,000
I have an Emergency Fund worth $8100 that I contribute $200 every 2 weeks too. I think I need to keep growing this.
I have no credit card debt, no truck payment.
I have a mortgage of $304,000 as of this month, my monthly payment is $2500. I am refinancing right now to a 5.250% rate which will save me approx $230/month and I don't plan on moving any time soon, so I will pay off the closing costs.
I don't have a lot of monthly expenses, probably about $1100(utilities, TV, food, beer, etc)
Any ideas on how I can improve? Or am I on the right path?
I know there is more info I could put down
Thanks everyone.