I am 47, 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.Last week the IRS announced new limits for remitrement plans. The increase to $20,500 was already anticipated. I will increase my deduction in December to $800. That will give me 25 paychecks contributing $800, then my last paycheck will be a $500 deduction. I can also contribute $789 to get me to the max, but I always like a nice round number to contribute. Plus, it gives me a little extra cash around the holidays.
For 2022 I am planning to contribute the full amount to my IRA in January. My plans is to save $500 monthly in order to contribute the full amount again in January of 2023, and so on.
I've been working OT this past week again. It's good to have a little extra cash around the holidays, whether to spend or to save. I've continued to put money in my brokerage account from the sale of my condo & that has been doing well. All of my investments are doing well, actually. Knock on wood, I may get to $1 million in my TSP by the end of the year if this continues.
November 11th, 2021 at 01:15 am 1636593348
November 12th, 2021 at 08:37 pm 1636749420