Category Archives: $48000
Decreasing My Take-Home Pay So That I Can Maximize My Retirement Contributions
I recently adjusted the amount of money that I ‘take-home’ so that I can maximize my 403b contributions for 2007. The maximum contribution amount for 2007 is $15,500. In January, I elected to have $1000 per month contributed to my 403b, but in mid-June I decided that I needed to adjust my contributions. So, my [...]
$48,000 Goal Update: 6 Months
I’ve been making steady progress towards my goal of saving $48,000 in 2007. In the middle of June, I ‘borrowed’ a little money from my ING Direct account so that I could go ahead and fully-fund my Roth IRA for 2007. Now I’m working on rebuilding my ING Direct account. (Remember, no matter what my [...]
I’ve Maxed Out One Roth IRA For 2007!
In March I opened two Roth IRAs, one for myself and one for my wife. In April I ‘borrowed’ $5000 from my savings account so that I could fully-fund both Roth IRAs for fiscal year 2006. The total contribution for both accounts equaled $8000. Since April, I’ve been working to replace the $5000 that I [...]
$48,000 Goal Update: 5 Months
This year I am trying to save $48,000 (60% of our gross household income). To read more about my goal, and to see how I’m doing, you can click on the $48000 category. After 5 months I have managed to save, in various types of accounts, a total of $19,500. Here’s a chart detailing my [...]
