Glad to find this inspirational forum.
Some basics on my family:
Married, no kids, 2 dogs that my DW thinks are kids. We plan to have 1 child in the next couple of years.
Ages: 33 (me), 30 (DW)
Occupation: physician (me;completing training 2012), lawyer (DW)
Combined Future Salary (just signed contract to start 2012) - $300,000/yr
Goal: ER in 20-25 years with 4% initial withdrawal rate
Savings: $10,000 in 401K (been in school- no income to save!)
Savings plan: we will save 20% gross of each paycheck automatically; plus save whatever extra we have in our checking account at the end of each month
Debt: plan to borrow $250,000 in 2 years to build home; no CC or consumer debt; $30,000 in student loans
Insurance: will purchase 20 year term life insurance; have health and disability through work
Investing plan: none - that is why we are here!
This post is to say hello. I will post specific questions on the appropriate forums. We are basically trying to get off to a sound financial start.
Thanks (Go Saints!)