Forty-something wife, mom, mother-in-law and grandma (aka Honey) in sunny ArizonaOh, we've been gearing up for some baby shower fun, and it's costing us a bit of a pretty penny. All cash, tho (well, card first for points/cash back, but then immediate pay off). I think we are at $2500 right now, and once we have the food purchased, I think our final cost for this big baby shower (plus part wedding reception) will be about $3500.
I was last week years old when I found out that Roth IRAs have an income limit! And here, I just opened up two new ones. So, now I either need to do the back door version, or come up with a new plan I have set aside for the $300 a month each.
Here are our month-end balances for savings...
CU1: $11,327 (+$400)
CU2: $1,029 (+$400)
401K - DH: $34,149 (+$152)
401k1 - H: $42,143 (-$11,391)
401k2 - H: $4,255 (+$487)
Cash: $1,950 (+0)
Roth IRA 1: $300 (+$300)
Roth IRA 2: $300 (+$300)
CMA: $1660 ($500)
This doesn't account for Escrow or our Snowball account.
So, only down $8K, no big deal. 🤪
My prior 401K dropped by $11K due to a loan I had out, and when I left the company, they coded it as a w/d. I am just taking the hit for simplicity's sake.
Waiting for our first mortgage payment to hit (Monday), and I am VERY excited about paying our first extra payment later on in August.
Still waiting to hear about the future of student loans... I am sure we will hear something soon.
July 31st, 2022 at 05:56 am 1659243417
July 31st, 2022 at 07:32 pm 1659292376
Hopefully the Stock Market is beginning to recover some because our retirement accounts took a big hit the past 7 months.
August 2nd, 2022 at 10:59 pm 1659477579