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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. 🏡

Cashed out brokerage account

May 16th, 2024 at 03:06 am

I decided to cash out the majority of my brokerage account. I sold $100k of $103k. This is my house down payment so I wanted to put it somewhere stable. This plus the $35k I had saved in savings will be my house down payment. If my mom can afford to give me the $25k that will push it up to $160k, but I'm not relying on it after her medical bills starting coming in.

Posted in Investing ideas, Home sweet home, Investing, Personal Finance | 2 Comments »

2 Responses to “Cashed out brokerage account”

LivingAlmostLarge Says:
May 20th, 2024 at 07:14 am 1716185693
1716185693

wow that's amazing. Good luck
VS_ozgirl Says:
May 26th, 2024 at 01:56 am 1716684965
1716684965

Great work and exciting news with your new house! Hoping your family is ok now.

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Firefly's Personal Finance Blog

Working out my spending impulses.

Cashed out brokerage account

2 Responses to “Cashed out brokerage account”

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