39 days left.

[Anonymous]

Who is on track to meet 2014's contribution. 5.5 check in. I just reached 3k this week. I was hoping the market would dip a little and waited and waited, but no. I realized that's just dumb and not worth effort or time counting pennies when I'm doing this for the long haul. I'll probably have to carry a balance for a month first time ever to meet this goal, which I have rationalized as times like this is why I started learning about credit and get out of my credit phobia. But I hopefully I will meet this goal, as I have my mothers property taxes to think about in april too.. Who else is on track?

[Anonymous]

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@Anonymous wrote:

Who is on track to meet 2014's contribution. 5.5 check in. I just reached 3k this week. I was hoping the market would dip a little and waited and waited, but no. I realized that's just dumb and not worth effort or time counting pennies when I'm doing this for the long haul. I'll probably have to carry a balance for a month first time ever to meet this goal, which I have rationalized as times like this is why I started learning about credit and get out of my credit phobia. But I hopefully I will meet this goal, as I have my mothers property taxes to think about in april too.. Who else is on track?

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I'm not, but I will be. This will be my first year doing it. My credit is on track and I have an emergency fund so now it's time for me to build for retirement.

[kjel]

I just transferred the last $1K towards the $5.5K max. Invested that into 9 shares of QQQ. By contributing to the 2014 IRA I was able to increase my tax refund by $1,100 I deposited by $3,750 refund into 2015's IRA like a good girl.

[tonyjones]

lol I'm on track to hit my $18K 401k contribution at the end of next month, thanks IRS!

[Anonymous]

Thats awesome you guys! I just transfered another 1k today to meet the max 5.5. I'm extremely happy with my choice to prioritize retirement savings. I had to put my push for saving for a house on hold since january to meet the goal though. Anddd I will be carrying a balance for the first time. EVAR. Just to meet this goal. lol. I wish I was smart enough to figure this out on my own a long time ago. I went years without even caring. Tony, I wish I could swing those 401k savings. 18k. I thought it was 17k. Either way, dang.

[nightglider]

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@Anonymous wrote:

Thats awesome you guys! I just transfered another 1k today to meet the max 5.5. I'm extremely happy with my choice to prioritize retirement savings. I had to put my push for saving for a house on hold since january to meet the goal though. Anddd I will be carrying a balance for the first time. EVAR. Just to meet this goal. lol. I wish I was smart enough to figure this out on my own a long time ago. I went years without even caring. Tony, I wish I could swing those 401k savings. 18k. I thought it was 17k. Either way, dang.

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It was 17.5k for the past two years, but was recently increased this year. 401(k)s and IRAs are both reviewed for increased limits every year.

[kjel]

It's $18K on 401K contributions as long as your earnings are below the IRS threshold. While I could do that via my employer, I simply do not like the investment options we have to be putting all my eggs there. I'm ok with my 10% contribution there and how its allocated, but I like being able to chose my own options through my brokerage account.

[Anonymous]

I'm inspired. My employer actually has some pretty good funds. I'm at 6% now. May try to see how high I get it before it hurts. Raise it to 8%.