Tag Archives: retirement

Month 52 – Navient $2,479, Retirement – $17,912

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Sorry if these updates are getting boring. I’m making progress still. Down to $2,479 from $15,402 just one year ago and $2,970 one month ago.

month52updateMy retirement is steadily growing. 401k is finally vested after 3 years and up to $17,654. My Betterment account is up to $258.

Other than that I did get a raise even though it was less than I was hoping for. Still need to keep looking for more jobs but not trying to get crazy stressed about that. Kind of question whether to put so much effort into a search when it’s not mandatory.

Speaking to the big elephant in the room. This blog… is called Debt Free 32 – One Man’s Mission to get rid of $45159.35 of debt. The 32 part is because I planned do to this by age of 32. Today is my birthday… I’m 33 now, not 32. A couple months short of my goal, but still making great progress since the start of this blog. Over $45k in payments. Under $2,500 left on the student loan. Worst case this sucker will be gone by December. Best case – October. Then I can celebrate and reflect.

Retirement Plan – Re – Activated

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Set up an automatic transfer to my Roth IRA. A whopping 57.29 a week. I plan to contribute half the max each year at least until my income increases significantly or the loans are paid off. Hopefully not spreading myself too thin.

For now, the money is going to sit in my discount brokerage account until I figure out exactly what to do with it.  I have some stocks in mind, but want to avoid paying excess fees. Also want to be diversified. A Roth is one of those things that everyone says to start doing while you’re young. At just a couple months shy of 30, there’s no time like the present.

I’m still not sure if I should be contributing more to make up for lost time… On a 35k gross, 5500 / ~20% of my net income is a touch pill to swallow. Even if I can take it out at anytime and avoid paying a penalty.