<< Back to all Blogs

About Me:

terri77

I am 46, single, no kids. I am a health care professional. I feel that I'm generally a very good saver and a not so good budgeter - hence the credit card debt payoff I worked through in 2020.

My personal finance goals for 2024:

1. Contribute maximum to Thrift Savings Plan. This is a recurring goal that I’ve accomplished every year since 2008.

2. Contribute maximum to Roth IRA. This is a recurring goal that I’ve accomplished every year since 2001.

3. Pay off credit cards. Completed January 2021. Now the strategy is to pay off my credit cards monthly with no balance carryover.

4. Build up emergency & long-term savings. I completed my initial goal in April 2021. I have 3-6 months of expenses saved at this time & I continue to save for my next car purchase, which is hopefully many years away. I use high yield savings and CDs.

5. Invest in brokerage account. I started with the proceeds from selling my condo & have added monthly. This account is for a future down payment when I purchase a home again.

6. Give to church monthly. I attend two churches right now so I alternate my monthly offerings.

7. Give to charity monthly. Food banks are my preferred charity to give to. I have automated my charitable donations at work to give with my biweekly paychecks.

8. Apply for promotions as they become available. Right now I’m very happy in my current position, so this isn’t much of a goal currently. I have received several raises, I enjoy the work I do, & the people I work with…I’m very happy to stay where I am.

9. New goal for 2024! Build new home with $100k down. This will be funded from my brokerage account & cash savings. 🏡

Retirement Savings Plans Limits Likely to Rise in 2015

July 31st, 2014 at 02:20 pm

I did a search today for 2015 retirement savings plans limits & found this article which seems to think that limits will likely rise next year. I hope so.

http://www.fool.com/retirement/401k/2014/06/05/401k-limits-for-2014-what-they-are-and-why-they-di.aspx

Posted in Retirement readings, Savings stories | 2 Comments »

2 Responses to “Retirement Savings Plans Limits Likely to Rise in 2015”

MonkeyMama Says:
July 31st, 2014 at 02:41 pm 1406817686
1406817686

Ugh!

J/K - that is a really good thing. Committing to maxing out our retirement funds is just difficult at times.
creditcardfree Says:
July 31st, 2014 at 02:50 pm 1406818203
1406818203

Thanks for the heads up! It should work well for us with my husband's promotion...whenever we start getting paid for it. I agree with MM though, that keeping up with maxing out gets harder when it increases. I would guess we will be thankful for it when retirement comes around.

(Note: If you were logged in, we could automatically fill in these fields for you.)

Name:	*
Email:	Will not be published.
	Subscribe: Notify me of additional comments to this entry.
URL:
Verification:	* Please spell out the number 4. [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]

Firefly's Personal Finance Blog

Working out my spending impulses.

Retirement Savings Plans Limits Likely to Rise in 2015

2 Responses to “Retirement Savings Plans Limits Likely to Rise in 2015”

Leave a Reply