07-15-2018, 10:16 PM
(This post was last modified: 07-15-2018, 10:34 PM by Senor_Taylor.)
Good news!
I went to check on my 401k contributions, gearing up to raise them since what I have in my budget was only like $200 a month.
Well, it turns out I was contributing 3 times that much, and for some reason I was chunking 11% into my pre tax 401k. My company matches 50% to 6%, so I dialed back my pre tax to 6% and bumped my Roth IRA up to 6% from 0%. If I bump my Roth up much more, I'll be maxing it out. I took that money I planned to add to my 401k and bumped up my student loan payment so I can hopefully have it paid off in ~6 years at this rate! Might ride it out and see if I can bump it up more. The rate on these loans are 3.5-4% so they don't seem bad. Is that something to look into refinancing? They don't help me on taxes since the interest accrued isn't enough for me to not just use a standard deduction.
Does that sound like a good idea?
Thoughts?
I went to check on my 401k contributions, gearing up to raise them since what I have in my budget was only like $200 a month.
Well, it turns out I was contributing 3 times that much, and for some reason I was chunking 11% into my pre tax 401k. My company matches 50% to 6%, so I dialed back my pre tax to 6% and bumped my Roth IRA up to 6% from 0%. If I bump my Roth up much more, I'll be maxing it out. I took that money I planned to add to my 401k and bumped up my student loan payment so I can hopefully have it paid off in ~6 years at this rate! Might ride it out and see if I can bump it up more. The rate on these loans are 3.5-4% so they don't seem bad. Is that something to look into refinancing? They don't help me on taxes since the interest accrued isn't enough for me to not just use a standard deduction.
Does that sound like a good idea?
Thoughts?
Current:
2011 F150 Platinum | 1995 BMW 325i | 1983 BMW 320i | The MMoped | 2008 BMW 128i
Past:
1996 Toyota Tacoma: | 1992 Mazda Miata | 2002 BMW 325i |
2003 Toyota Tacoma | 1995 Miata M Edition | 1997 Subaru Outback |
1992 Mazda Miata | 1990 BMW 325i | 2007 Toyota 4Runner |
1995 Ford Windstar | 1987 BMW 325i | 1987 BMW 325 | 1990 BMW 325i Vert |
2018 VW GTI | 1990 Mazda Miata | 1989 BMW 325i Vert | 2015 Fiesta ST | 1983 BMW 320i parts car
2011 F150 Platinum | 1995 BMW 325i | 1983 BMW 320i | The MMoped | 2008 BMW 128i
Past:
1996 Toyota Tacoma: | 1992 Mazda Miata | 2002 BMW 325i |
2003 Toyota Tacoma | 1995 Miata M Edition | 1997 Subaru Outback |
1992 Mazda Miata | 1990 BMW 325i | 2007 Toyota 4Runner |
1995 Ford Windstar | 1987 BMW 325i | 1987 BMW 325 | 1990 BMW 325i Vert |
2018 VW GTI | 1990 Mazda Miata | 1989 BMW 325i Vert | 2015 Fiesta ST | 1983 BMW 320i parts car