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Posted on 10/23/23 at 8:10 pm to
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/23/23 at 8:10 pm to
very good job

forget the beach house. it is a suckers game that few profit from---rent the best beach house u can find a couple of times a year and forget owning one
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12581 posts
Posted on 10/24/23 at 10:35 am to
quote:

$15K in cash is light for emergency fund…


No its not, the dude has 115k in a taxable brokerage account.. he's fine
Posted by CharlesUFarley
Daphne, AL
Member since Jan 2022
269 posts
Posted on 10/25/23 at 5:25 pm to
You are eligible for a Roth for both you and your wife at that income level. I would fund a Roth for both her and you before I did 529, and maybe back off of 401K some to do it. You can withdraw Roth IRA contributions at any time without penalty so it gives you more flexibility than 529, or Roth 401K. Use Roth IRA contributions for your kids college when the time comes if you don't have enough 529 funds.
This post was edited on 10/25/23 at 5:27 pm
Posted by lynxcat
Member since Jan 2008
24265 posts
Posted on 10/25/23 at 7:26 pm to
Not intended to be touched.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35743 posts
Posted on 10/25/23 at 7:36 pm to
What's your monthly spend?
Posted by Redstickbaw
Member since Jul 2023
51 posts
Posted on 10/25/23 at 8:07 pm to
(no message)
This post was edited on 11/17/23 at 9:48 am
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35743 posts
Posted on 10/25/23 at 9:15 pm to
Damn baw. You are killing it.


You'll be able to retire in like 10 years if you wanted
Posted by Hogwall Jackson
Denver
Member since Feb 2013
5060 posts
Posted on 11/1/23 at 12:36 pm to
I mean this nicely, do you live in the middle of nowhere? That mortgage & preschool cost is insanely low.
Posted by Redstickbaw
Member since Jul 2023
51 posts
Posted on 11/1/23 at 1:13 pm to
(no message)
This post was edited on 11/17/23 at 9:48 am
Posted by 22jctiger22
Member since Apr 2013
373 posts
Posted on 11/2/23 at 6:35 am to
quote:

I did a breakdown earlier in this thread but it’s around 5k per month


$5k per month is insanely low. We have no mortgage or car payments, and the best we’ve been able to hit is $6k in a good month. We do not live lavishly.

After looking at your breakdown, I noticed several categories that you’ve managed to avoid such as Amazon, Costco, Walmart, fuel for vehicles, vehicle maintenance, hobbies, going out to eat, gifts, etc. I think if we cut these and other similar non-essential items out that we could get close.

Keep up the good work. As others have pointed out, you’re crushing it.
This post was edited on 11/2/23 at 9:11 am
Posted by AsTheBarnBurns
Member since Mar 2023
16 posts
Posted on 11/2/23 at 8:19 am to
Cant tell if this whole response is sarcastic..
Nevertheless, this post has me really intrigued. Im a single dude spending more than the OP and im not lavish.
With the given breakdown you have ~$450 remaining for random stuff before you hit $5k /month. Tires cost me $800 last week, sports injury ~$600, short trip for thanksgiving this month will be $150 in gas, etc etc.
Even as an average, $5k seems very impressive.
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4224 posts
Posted on 11/2/23 at 8:30 am to
Numbers don't make sense to me.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2182 posts
Posted on 11/2/23 at 8:37 am to
Why arent you already funding a spouse Roth IRA? Do that next.
Posted by Redstickbaw
Member since Jul 2023
51 posts
Posted on 11/2/23 at 12:12 pm to
(no message)
This post was edited on 11/17/23 at 9:47 am
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4224 posts
Posted on 11/2/23 at 3:01 pm to
quote:

The preschool is 3 days a week and is only a few hours a day which is why it’s so low.


$350 a month for 12 "half" days of preschool? Aint no way.
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