Financial Goals for 2010
I thought it may be helpful to share my financial goals for this year:
- In order to have financial freedom in retirement:
- Contribute at least 15% of my income to the company 401K plan via payroll deduction from each check.
- Contribute $2,500 every three months to Roth IRAs for my wife and myself totaling $10,000 for the year.
- To open the possibility of early retirement
- Invest at least $1200 this year in a taxable account by contributing $100/month.
- To have money available for my future goals:
- Invest 15% of my income in my company’s employee stock purchase plan via payroll deduction from each check.
- To aid our children with college expenses
- Save least $160 per month into 529 plans via automatic deposits.
- To pay my son’s tuition
- Save at least $160 per month.
January 29th, 2010 at 03:36
You have high goals. I hope you can pull it off you will be happy you did.
January 29th, 2010 at 05:15
Paul,
Thank you for commenting! I they are ambitious goals, however almost all are goals that I accomplished last year too. The new goal for this year is investing $100/month in a taxable account. I’ve accomplished that this month so it’s a good start.
-Rick