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First 401(k) contribution

January 22nd, 2010 at 02:54 pm

It didn't hurt as much as I was expecting but then they haven't cracked down at DH's work on overtime yet so that spared us a little. Nonetheless, its good to know that our savings rate is going back up to a somewhat decent level (7.8%). At the end of the year we will load up the Roths so it will jump to a healthy level at that time (depending on the constantly jumping income somewhere around 22% to retirement savings).

This year's goals are simple. Pay off the debt and max out retirement savings to best of our ability.

This will get a little bit easier if we do manage to refinance. The mortgage payment difference isn't huge but it would definitely gives us more to work with. Needless to say, I am waiting with bated breath to hear the appraisal number. They have to tell us before next Wednesday...

All in all, not much going on.

1 Responses to “First 401(k) contribution”

  1. Broken Arrow Says:

    Hey congrats! Glad to hear it!

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