want to check how we compare to blind community. Household TC 300k. Saved around 100k (~ 30%) 19k x2 - trad 401k 12 k employer match 6K x2 Roth IRA 11k 529 plan. 7k HSA 20k hysa
How much did you donate?
Around 1200$. Need to improve.. but hard to get over 'me first'
Pretty sure average amount donated by blind users is way below 1200. Kudos to you!! 🎖
401k - 56k total Ira - 6k x 2 Hsa - 7k (or whatever the max was) So about 75k. What is hysa?
High yield savings account
how did you save 56k in a 401k. the contribution limit is 19k a year
$10K+/month cash after taxes + fully funding 401k, but we were in saving for down payment power mode.
Do you track expenses or just how much you saved?
Tracked them for a few months a couple of years ago.. found it depressing and causing friction. So stopped. We just presave each month and then splurge the remaining.
What about your RSU?
Autosell and diversify. Will do for another year at least.
TC 170k CAD. Minus tax/CPP/EI plus tax refund from last year: 120k. Saving about 60k so roughly 50%. Biggest non-recurring expense was land transfer tax for buying a condo, 10k. Second biggest was probably summer vacation. Biggest recurring expense was probably mortgage interests and condo maintenance fee. Second biggest was probably eating out.
Eating out and paying for party dinners is my biggest expenses ofbthe year when its all totalled up
Did you three fucking spend 200k? Wtf are you doing? Burning banknotes to heat in cold weather?
Don’t forget about taxes and cost of living (mortgage/rent, food, etc).
42 K in taxes. 40K in rent (I know it's high) . The remaining 118K.. yeah. .. pretty much burned it. Edit.. ~75k taxes. Burned 85k
How did you contribute to a roth IRA with a combined income of 300k. I thought the income limit was around 200k for a married couple this year.
Google backdoor Roth.
Contribute to traditional and then convert to Roth.
How are you both maxing Roth IRA with TC 300k? Pretty sure you're ineligible
Google backdoor Roth.
Ah right. I was assuming they'd mega backdoor if they would backdoor, but remembered not all 401ks allow mega
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