Recent content by lucky_reaper

Update: 401K-1 229000 401K-2 215000 R-IRA-1 38000 R-IRA-2 41000 Brokerage 56000 Cash 25000 Debts Home 105000 Income: 255K Been an awesome ride! Focusing on home pay off. shooting for July of 2021! See you then!

wow thread revival incoming!! 401k 1 157000 401k 2 152000 R-IRA 1 23000 R-IRA 2 24000 Brokerage 15000 Mortgage 122000 income is at 200000 Cash on hand is 40000 I'm thinking of burning down the mortgage. Throwing everything at it in 2019!

Cash is at 41000 Sent from my iPhone using Early Retirement Forum

2.25 year update ? 401k 1 76000 401k 2 55000 Roth 1 19000 Roth 2 16000 Debits Home 149000 Income is at 180000 Sent from my iPhone using Early Retirement Forum

1 year update 401k #1 44000 401k #2 26600 Roth #1 11600 Roth #2 11100 Cash 15000 Debt Home 161200 So far not to bad for one year. Several unexpected cost arose as well as a couple of surgeries. Also took a beating in energy both in investments and at work. [ lesson learned ] Income is...

Unmmmn ...... No. Lol. I have 3 vehicles the 33k was for a car I bought for the wife. Beater truck I take to work, I have another truck I use as another family vehicle and the wife's car. All paid off .

Yes plant worker

UPDATE: Student loans are paid off Car is paid off Both Roth IRAs fully funded(2013 and 2014) Both 401ks are maxed out Cash on hand is low due to all of this {sad face}, but we are currently saving 5000 cash every month. We are currently looking into investment accounts to put some of the excess...

Update: Payed off student loans yesterday and also opened two Roth IRAs . Car will be payed off here in next two months . Also maxed wife 401 k contribution out and also did mine.I want to thank everyone for all the advice I really , really appreciate it all!

Pb4uski That link is very helpful! Looks like if I max out both our 401ks that will drop our agi to under the 181k roth limit. Thank you.

Pb4uski The interest is tax deductible and the wife and I thought about adding the other debit to the refi but decided against it. When I get home today I will open two iras today with vanguard. I know the limit is 181000 for a couple but is that adjusted growth income? Will my contributions to...

Hermit The majority of my life insurance is provided at extremely low cost through my company so I simply take advantage of it . My wife's is also provided through hers and she is at the top tier they provide.

5971 Yes backdoor roth Also yearly expenses are as follows 18000 for home loan and escrow accounts 6870 car loan 5335 student loans 4406 car , life, and umbrella policies 1863 cell phones 5424 utilities ( electric, water, alarm system, cable, internet, and trash service) 4000 gasoline ( varies...

Horned toad I plan on maxing me and wife's 401k out at 17500 each (35k a year) and then opening a Roth IRA for each of us and fully funding it 5500 each (11k a year) so I will have 46 k a year going to those accounts and I should still be able to save my 50k in cash every year

Ready I am just soaking up all this advise at the moment . I really appreciate the different views from everyone, you guys looking at it from another angle really helps me out.