My dad died last week, so I’m not going to do much writing. I’ll put up all the charts for consistency’s sake – making them is nicely mindless and cathartic – but I just don’t have a lot to say.
Budget/Cash Flow
PayItBack Progress
Net Worth
Financial Independence
Financial Goals for 2020
1) Devote 2/3 (66.7%) of net income to wealth-building: 63.5% running average
2) Max out 403b: $13,013 of $19,500 (66.7% done)
3) Max out backdoor Roth IRAs: $6,000 of $12,000 (50% done)
4) Max out 529s for state tax benefit: $0 of $16,000 (0% done)
5) Save an additional amount to achieve 20% of gross salary: $36,940 of $28,500 (129.6% done)✅
6) Pay 2019 tax underpayment: $0 remaining ✅
7) Pay off all carried 0% APR credit card balances: $0 remaining ✅
8) Pay off my car loan: $0 remaining ✅
9) Pay off Mrs. PIB’s car loan: $0 remaining ✅
10) Pay off Mrs. PIB’s student loans: $23,493 remaining
My sincere condolences regarding your father’s passing. I can’t imagine I’d be in a mood to write much of anything, either.
I haven’t seen my parents since before the pandemic started, but we’re driving 10 hours to see them tomorrow. We both live in areas with very few cases of COVID, and I don’t think it’s wise to wait until this whole thing is through to see them again. You never know how much time you or they will have.
Best,
-PoF
Thanks Leif. I’m learning a lot both about estate planning and the unwinding of that plan (or lack thereof) that follows. Fortunate to have a supportive family and workplace but obviously still hard. Agree with importance of making every moment count. All the best to you and yours, and safe travels.