Now that I’m back to work, cash flow becomes more available now so we put some extra toward the mortgage principle. This month I finally contribute fully to the spousal traditional IRA at Vanguard. My Roth IRA has already been fully contributed up to the limit for the year, and my 401(k) is well on pace to max out by year end.
Next year, I’m planning to switch our family health insurance to HDHP plan to take advantage of more tax advantage saving account in the Health Saving Account. That means we will have another $6,550 tax-advantaged space to fill up in 2014. Actually, we will contribute $5,550 since my company will give us $1000 in HSA for free as a perk.
Also, we reach another milestone: our investment portfolio surpasses $200,000 for the first time ever. We are ahead of the plan by a few months as we set this goal for 2014. Our revised new goal for 2014 is to have our investment portfolio surpassing primary home’s market value at $240k.
According to my spreadsheet calculation, the projection in today’s dollars for the next 15 years until our financial independence is as follow:
|2028||$1,178,962 (Financial Independence at age 49)|