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Retirement Savings & Secondary Income

January 26th, 2018 at 04:16 pm

Husband's work finally has the profit sharing switched over to a Vanguard 401k. Hallelujah. We can now see that we have $12,900 in the account. He is currently contributing 3% and they are matching.

We also have $13,787 in our Roth IRAs. I don't think that is too bad considering we only make about $43k a year and have only been saving for retirement for about 4 years.

We have a total of $26,687 saved for retirement, or about 62% of our gross yearly income. I think that is about average or above for being in our mid-twenties. I am pleased with that.

My web design work is also going well this month. I am already past my monthly hours goal and still have a week to go. I think I need to raise my goal for February.

I have filed our taxes. We are getting about $650 back, which we will use to pay towards the HVAC bill.

Posted in Retirement | 4 Comments »

4 Responses to “Retirement Savings & Secondary Income”

  1. Bluebird Says:
    January 26th, 2018 at 09:20 pm 1517001643
    1517001643

    Great job with your retirement! Keep at it!

  2. FrugalTexan75 Says:
    January 27th, 2018 at 03:29 am 1517023743
    1517023743

    That's a great start for your ages!

  3. CB in the City Says:
    January 27th, 2018 at 01:11 pm 1517058706
    1517058706

    You are doing very well. Stick with it and you will be sitting pretty!

  4. rob62521 Says:
    January 28th, 2018 at 08:32 pm 1517171523
    1517171523

    I think you are doing a fabulous job saving for retirement. As I tell my younger teacher friends...compound interest is your friend. It may not seem like much when you are young, but year after year as it adds to itself and you continue to add funds, it really builds.

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