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Started By
Message
re: Your 2024 Financial Goals
Posted on 12/28/23 at 8:30 pm to pioneerbasketball
Posted on 12/28/23 at 8:30 pm to pioneerbasketball
quote:
1. Fully Funded Roth
easily already done
quote:
2. 3-6 month Emergency Fund
already have way more than that
quote:
Stay Debt free
income producing good debt or bad debt?
quote:
Buy 2nd investment property
already happened 10 years ago
anymore stipulations??
oops realized that was YOUR goals. i thought you were asking others. my mistake.
This post was edited on 12/28/23 at 8:35 pm
1
Posted on 12/28/23 at 9:53 pm to nugget
Posted on 12/28/23 at 10:11 pm to TheOcean
I can help with that DB Plan!
Posted on 12/28/23 at 10:18 pm to pioneerbasketball
Here is the 2023 link if anyone is interested:
LINK
2024 Financial Goals
1) make more money than 2023 (sales)
2) net worth over $1.44 (20% growth)
3) closer to maxing out all retirement opportunities.
I also want to make sure our family is getting in quality time together as the kids leave the nest.
We had a great 2023 and I'm looking forward to 2024.
LINK
2024 Financial Goals
1) make more money than 2023 (sales)
2) net worth over $1.44 (20% growth)
3) closer to maxing out all retirement opportunities.
I also want to make sure our family is getting in quality time together as the kids leave the nest.
We had a great 2023 and I'm looking forward to 2024.
This post was edited on 12/28/23 at 10:52 pm
Posted on 12/28/23 at 11:03 pm to pioneerbasketball
Try not to look at crypto prices more than 20 times a day, plus not read more than 20 crypto news articles a day.
Posted on 12/29/23 at 12:37 am to 98eagle
1. Get kids off payroll.
2. Increase retirement/investments by $1million
3. Increase net worth by $1.5 million.
4. Increase income by 15%.
5. Get access to Nancy Pelosi's trades in real time.
2. Increase retirement/investments by $1million
3. Increase net worth by $1.5 million.
4. Increase income by 15%.
5. Get access to Nancy Pelosi's trades in real time.
Posted on 12/29/23 at 5:05 am to pioneerbasketball
I finish my student loan payments this year and then want to continue that "payment" plus a little more to the 529s. Start a Roth IRA for each of my kids. Won't max it out, but would like to get a couple of hundred in each account per month.
Posted on 12/29/23 at 5:44 am to LSUTigKyl
What do you offer? Waiting to hear back from schwab
Posted on 12/29/23 at 6:33 am to TheOcean
1. Continue to max out Roth accounts for the wife and I .
2. Pay off the car note this summer. It was a 4 year note, will be paid off in 3.
3. Consolidate wife's two old 401Ks, they've been sitting dormant for a while now.
4. Save between 15%-20% of our household pretax income in tax advantage accounts (came in at 18.92% last year and that doesn't include my pension).
5. Hoping to get another year out of my wife's Rav4, it's 11 years old with 165000 miles on it. Would be nice to get that thing to about 200,000 miles.
6. Hit $600,000 in net worth, maybe $650,000 if things go really well.
7. Just continue working, saving, and investing.
Posted on 12/29/23 at 6:41 am to grsharky
This is me
7. Just continue working, saving, and investing
7. Just continue working, saving, and investing
This post was edited on 12/29/23 at 6:42 am
Posted on 12/29/23 at 6:55 am to Jaspermac
1. Acquire more BTC
2. Buy land in Costa Rica to build dream home
3. Increase biz rev by 25%
4. Max out SEP
5. Continue 90% savings rate
2. Buy land in Costa Rica to build dream home
3. Increase biz rev by 25%
4. Max out SEP
5. Continue 90% savings rate
Posted on 12/29/23 at 7:12 am to pioneerbasketball
Not in order
1) maintain retirement contributions
2) re-evaluate retirement mixes for all portfolios (never look at wife’s)
3) re-invest excess above emergency fund from HYSA
4) start using EOB from health insurance to ensure I’m not being overcharged - big health spending year ahead
5) finish transferring Mint to Monarch
Potentials:
6) evaluate adding passive income stream
7) promotion
1) maintain retirement contributions
2) re-evaluate retirement mixes for all portfolios (never look at wife’s)
3) re-invest excess above emergency fund from HYSA
4) start using EOB from health insurance to ensure I’m not being overcharged - big health spending year ahead
5) finish transferring Mint to Monarch
Potentials:
6) evaluate adding passive income stream
7) promotion
Posted on 12/29/23 at 8:44 am to pioneerbasketball
I like this… I’ll play.
1. Continue to max 401k
2. Continue ROTH’s for wife and I.
3. Continue 529 contributions for both kids
4. Allocate $$$ for a couple decent vacations
5. Look into getting PMI dropped from mortgage.
6. Figure out a way to lessen my tax burden as a normal W2 individual… (LLC of some sort)
7. Worry less about $$$ since items 1-3 are automatic and our bills are minimal.
Not necessarily a goal but wife’s car is 10 years old with 130k on the clock. Will inevitably have to replace in the near future.
1. Continue to max 401k
2. Continue ROTH’s for wife and I.
3. Continue 529 contributions for both kids
4. Allocate $$$ for a couple decent vacations
5. Look into getting PMI dropped from mortgage.
6. Figure out a way to lessen my tax burden as a normal W2 individual… (LLC of some sort)
7. Worry less about $$$ since items 1-3 are automatic and our bills are minimal.
Not necessarily a goal but wife’s car is 10 years old with 130k on the clock. Will inevitably have to replace in the near future.
Posted on 12/29/23 at 8:56 am to TheOcean
quote:
Increase net worth by 500k. Go from 16 rental doors to 25. Set up a defined benefit plan so I can stop getting fricked paying a lot of taxes.
I get hammered on taxes every year. Need to figure out some sort of write off so let me know what you figure out
1. Get better with saving money.
2. Dont’s blow money on stupid shite.
3. Max out my Roth.
4. Sell my home in Baton Rouge and put equity in high yield savings.
5. Learn to take profits off crypto investments.
This post was edited on 12/29/23 at 9:05 am
Posted on 12/29/23 at 9:29 am to Rize
Max out SEP.
This is a big maybe. I’m a builder. Build another house in same neighborhood, sell existing house. I have $320K equity. Last time I did this housing market crashed.
I’m skeered.
Expand Alabama division to match the Florida division.
Figure out how to reduce tax burden.
This is a big maybe. I’m a builder. Build another house in same neighborhood, sell existing house. I have $320K equity. Last time I did this housing market crashed.
I’m skeered.
Expand Alabama division to match the Florida division.
Figure out how to reduce tax burden.
Posted on 12/29/23 at 12:57 pm to TheOcean
Company I work for does the Actuarial work on DB plans. So we handle the Valuations, Required year IRS forms, Plan Documents, and consulting on contributions. We generally set up Cash Balance Plans which are just easy to understand DB Plans. We do free proposals so if you are interested drop your contact info and I’ll shoot you an email.
Posted on 12/29/23 at 1:59 pm to pioneerbasketball
1. Max out my Roth.
2. keep my 401k at 15% like now
3. add another 7-10k into my HYSA
4. pay off the little debt I still have. (6k on a personal loan@ 5% and that's really it)
I got divorced last year so I had to do work to my barn to make it livable until I build a house or remarry (girl I've been dating a year is throwing not subtle hints).
2. keep my 401k at 15% like now
3. add another 7-10k into my HYSA
4. pay off the little debt I still have. (6k on a personal loan@ 5% and that's really it)
I got divorced last year so I had to do work to my barn to make it livable until I build a house or remarry (girl I've been dating a year is throwing not subtle hints).
Posted on 12/29/23 at 3:08 pm to Warfarer
quote:
girl I've been dating a year is throwing not subtle hints).
No rush…
Posted on 12/29/23 at 4:00 pm to SmackoverHawg
quote:
Get access to Nancy Pelosi's trades in real time.
Move this to #1 and the rest should be fairly easy.
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