Row 7384

Row ID: 7384 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 7384 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Alright, bear with me on this one. Im a big numbers guy and with this and experiencing my parents being horrible with money, has caused me to obsess over how my wife and I are doing with our planning.

Last year, my parents almost lost their house, found out my mom has a gambling addiction, and my dad has drained almost all of his 401k to keep their house as long as they have. All this caused trauma to my mental state and way I look at money. Since then, I really have obsessed over how we are doing.

Here is where we are at-

Im 35 and my wife is 38. Two kids. Live outside of Chicago. Wife has 160k in 401k, $27k in a pension from previous job, 30k in stock options as current job. 10% of her take home goes to 401k (makes 155k a year).

I do not have a 401k as I have owned my own business for 4 years and as a chef, I was never offered one before that. I max out my Roth but only started that 2.5 years ago. Currently have $20k in Roth IRA BUT here is the curveball. I do own the commercial space my business is located at. Have about 110k in equity in the building and should have it for years to come. My take-home is 95k plus a little extra from a side job so about 105k in total.

We do also contribute 200 a month to our investing account with Wealfront and 250 a month to each of our kids college accounts each month.

We dont live paycheck to paycheck but aren't stashing tons away each month. Once my youngest is out of daycare, we will save about 1200 a month and thats when we will contribute more to our high interest savings account and wife will contribute to her Roth.

I consider my building as a large portion of my retirement along with my Roth IRA. My wife's parents are pretty well off as well and have discussed with us that we would be receiving a sizable inheritance when the time comes (hopefully not anytime soon) in the range of 400-500k.

Any thoughts are going to be super helpful as this constant number crunching, fidelity app checking, etc is basically driving me nuts!

Thanks everyone and sorry for the long story!

FieldValue
text Alright, bear with me on this one. Im a big numbers guy and with this and experiencing my parents being horrible with money, has caused me to obsess over how my wife and I are doing with our planning. Last year, my parents almost lost their house, found out my mom has a gambling addiction, and my dad has drained almost all of his 401k to keep their house as long as they have. All this caused trauma to my mental state and way I look at money. Since then, I really have obsessed over how we are d…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-16
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Raw Record

{
  "text": "Alright, bear with me on this one. Im a big numbers guy and with this and experiencing my parents being horrible with money, has caused me to obsess over how my wife and I are doing with our planning. \n\nLast year, my parents almost lost their house, found out my mom has a gambling addiction, and my dad has drained almost all of his 401k to keep their house as long as they have. All this caused trauma to my mental state and way I look at money. Since then, I really have obsessed over how we are doing. \n\n  \nHere is where we are at-\n\nIm 35 and my wife is 38. Two kids. Live outside of Chicago. Wife has 160k in 401k, $27k in a pension from previous job, 30k in stock options as current job. 10% of her take home goes to 401k (makes 155k a year). \n\n  \nI do not have a 401k as I have owned my own business for 4 years and as a chef, I was never offered one before that. I max out my Roth but only started that 2.5 years ago. Currently have $20k in Roth IRA BUT here is the curveball. I do own the commercial space my business is located at. Have about 110k in equity in the building and should have it for years to come. My take-home is 95k plus a little extra from a side job so about 105k in total. \n\n  \nWe do also contribute 200 a month to our investing account with Wealfront and 250 a month to each of our kids college accounts each month. \n\n  \nWe dont live paycheck to paycheck but aren't stashing tons away each month. Once my youngest is out of daycare, we will save about 1200 a month and thats when we will contribute more to our high interest savings account and wife will contribute to her Roth. \n\nI consider my building as a large portion of my retirement along with my Roth IRA. My wife's parents are pretty well off as well and have discussed with us that we would be receiving a sizable inheritance when the time comes (hopefully not anytime soon) in the range of 400-500k. \n\n  \nAny thoughts are going to be super helpful as this constant number crunching, fidelity app checking, etc is basically driving me nuts!\n\n  \nThanks everyone and sorry for the long story!\n\n  \n",
  "label": "r/investing",
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  "datetime": "2024-05-16",
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