- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: .
Posted on 10/22/23 at 8:47 pm to Redstickbaw
Posted on 10/22/23 at 8:47 pm to Redstickbaw
E erything looks great but I would try to build up the cash a bit. Say up to $50K . ladder up some CDs would t be bad but I would try to be a little more liquid.
I was financially just starting out in my 30s.
I was financially just starting out in my 30s.
This post was edited on 10/22/23 at 8:48 pm
0
Posted on 10/23/23 at 7:42 am to Redstickbaw
You don’t sound like a baw that’s ever gone the F250 and bass boat route. 
Posted on 10/23/23 at 8:49 am to lynxcat
quote:
HSA is would be the primary tax advantaged approach if you have a HDHP. It’s the most tax effective savings vehicle in the entire code.
school me on HSA, i have one with my employer, they contribute and i dont. they contribute enough to meet the deductible. i know i can invest the money that gets put in it, but i don't. what's the benefit to investing the funds if those funds aren't immediately accessible?
Posted on 10/23/23 at 9:02 am to Pezzo
Like others said your doing great.
I would personally want more of cash emergency fund, especially with today’s rates. 15k could go fast with some unexpected expenses.
I would personally want more of cash emergency fund, especially with today’s rates. 15k could go fast with some unexpected expenses.
Posted on 10/23/23 at 11:02 am to Pezzo
Your contributions reduce your taxable income and your earnings in the investment account grow tax-free. You can withdraw the money if you need it for medical expenses without any penalty or fee
Posted on 10/23/23 at 11:21 am to PhiTiger1764
quote:
Advice on my finances
You have accumulated nearly $1M net worth in your mid-30's with multiple kids and a stay at home Mom on $150k. You are crushing life. I have no advice.
Came here to say this. Low 30's here. Wife stays home. Sole earner. I'm just over $100k annual. We did buy a house recently, but finances are always a topic of discussion. And not always in a good way. Keep doing what you're doing!
Posted on 10/23/23 at 11:34 am to Redstickbaw
Damn man, mid 30's here with higher household income due to a working spouse and you are really making me feel like a failure . Was there an inheritance in there or something?
. Was there an inheritance in there or something?This post was edited on 10/23/23 at 11:36 am
Posted on 10/23/23 at 12:29 pm to Redstickbaw
quote:
Mid 30s
-Income averages 150k with bonuses
just curious, what is your profession ? Outside sales with commission ?
Has this economy (inflation rates) effected your industry / income in anyway ? Most will agree their financial situation today, is worse than it was a year ago.
Posted on 10/23/23 at 1:36 pm to Pezzo
Benefit is that they are immediately accessible for qualified (medical) expenses. They go in tax free and grow tax free.
This post was edited on 10/23/23 at 1:39 pm
Posted on 10/23/23 at 2:06 pm to Redstickbaw
I would love to see this budget. Assuming 20% taxes, that leaves $10k/month take home.
after a $2,000 house note (assumption), 529's, and retirement, that leaves $4k per month. With a wife and 2 kids.
I don't see how that's possible in 2023. Maybe the kids are really young and don't require anything yet?
after a $2,000 house note (assumption), 529's, and retirement, that leaves $4k per month. With a wife and 2 kids.
I don't see how that's possible in 2023. Maybe the kids are really young and don't require anything yet?
Posted on 10/23/23 at 2:08 pm to Redstickbaw
quote:
This year we put 4k in HSA (total between me and employer) out of the 7750 limit. Last couple of years we’ve blown through most of it with medical expenses so the balance is only sitting at 2k as we speak
You should try not to use the HSA at all - fully fund it and let it grow. Just keep your medical receipts.
This post was edited on 10/23/23 at 2:09 pm
Posted on 10/23/23 at 2:14 pm to Mark Makers
quote:Had to be. Numbers do not seem to add up.
Was there an inheritance in there or something?
Posted on 10/23/23 at 2:48 pm to NaturalBeam
(no message)
This post was edited on 11/17/23 at 9:48 am
Posted on 10/23/23 at 3:12 pm to Redstickbaw
quote:
Our most expensive car was 30k and the next one from that was 25k.
This is the way.
Posted on 10/23/23 at 4:28 pm to Redstickbaw
quote:
preschool 350
No. This is the way.
$4,200/year for schooling is insane. That's almost what I pay for my two kid's meal plan.
Posted on 10/23/23 at 4:52 pm to Redstickbaw
quote:
Advice on my finances
Do not get divorced.
Posted on 10/23/23 at 5:59 pm to TheWiz
This. My kids daycare is 1,100 in houston. And thats low to middle cost out of the 6 we visited. Got +700 on my cashflow just right there. I'd have to have cartels watch my kid for that low of daycare cost.
Posted on 10/23/23 at 6:52 pm to Redstickbaw
$350 for preschool? I can only dream. I’m assuming that’s only one kid. My kids individually are triple that.
I can only dream. I’m assuming that’s only one kid. My kids individually are triple that. This post was edited on 10/23/23 at 6:53 pm
Posted on 10/23/23 at 7:06 pm to tgdk11
Yeah. I'm close to $50,000 for two kids in Metairie. Well, probably $45,000 until my youngest is in Pre-K.
Posted on 10/23/23 at 7:48 pm to Sherman Klump
Mine is $1700/month for daycare. It’s more akin to college
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News