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Hi, happy to be here. Saving like a mad man
02-06-2019, 10:45 AM
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#1
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Confused about dryer sheets
Join Date: Feb 2019
Posts: 2
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Hi, happy to be here. Saving like a mad man
Hey all,
Very happy to come across this forum. I've been saving my max IRA and 401(k) limits basically since graduating college. I finally repaid all of my $60,000 of student loans. Now to crush after-tax savings. I'm looking to buy my first income property this year. I'm 30.
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02-06-2019, 10:56 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2015
Posts: 5,862
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Welcome and congratulations on paying off your student loans!!
__________________
Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
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02-06-2019, 11:17 AM
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#3
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Recycles dryer sheets
Join Date: May 2013
Posts: 327
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Welcome! Great progress - report on your income property when you reach that next step on your FIRE journey
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02-06-2019, 11:27 AM
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#4
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gone traveling
Join Date: Jan 2019
Location: NW Ohio
Posts: 1,156
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Sounds like you are leagues ahead of most people your age, congrats, and welcome.
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02-06-2019, 01:50 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Dec 2017
Posts: 2,555
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 Quote:
Originally Posted by famousbrownbear
Hey all,
Very happy to come across this forum. I've been saving my max IRA and 401(k) limits basically since graduating college. I finally repaid all of my $60,000 of student loans. Now to crush after-tax savings. I'm looking to buy my first income property this year. I'm 30.
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Congrats! Well-done at your age! After the 401(k), try to fill up the ROTH IRA bucket first...keep killing it!
I didn't start seriously saving until I was 33, so you have a good head-start on me (and I didn't start out saving the max allowed for 401(k). You could easily retire by 45, I'm guessing!
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02-09-2019, 09:37 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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Welcome. Looks like you are doing a great job. Just remember to live well while you get there.
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
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02-10-2019, 05:40 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by HNL Bill
Congrats! Well-done at your age! After the 401(k), try to fill up the ROTH IRA bucket first...keep killing it!
I didn't start seriously saving until I was 33, so you have a good head-start on me (and I didn't start out saving the max allowed for 401(k). You could easily retire by 45, I'm guessing!
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+1. I bought my first house at 30 and was 35 before I got the ball rolling on meaningful savings.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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