March was good to us, between the stimulus and some good side hustling.
The hero of the hour is my husband. He opened his very own Roth IRA. We contributed the $6,000 for 2021… and then the next week he decided to take some of his own money to fund the full $6,000 for 2020.
This is handy to know for Roth IRA holders– you have until April 15 of the following year to make full contributions for the previous year. For instance, hubby opened his Roth IRA in March 2021, but he had until 15 April 2021 (now it’s extended until May 17!)to contribute the full $6,000 for 2020.
So that’s $12,000 added to our investment portfolio within a two-to-three-week period. We took from savings (which is well over a 3-month emergency fund right now) and his personal account. I talk about how we organize our finances as a married couple here.
We managed to send $600 to our brokerage account and $2,500 to my Roth IRA (as of April 9, I’ve also finished fully-funding my Roth IRA).
$414 went to the HSA, and about $404 to my TSP (federal employee version of a 401(k)) from my paychecks.
That’s a grand total of $16,418 invested this month.
My paychecks, as of April, now deduct amounts that will ultimately max out my TSP by the end of the year ($19,500).
Future budget surpluses will go to the brokerage account and little dings in the mortgage principal. We may even throw in some travel this year.
Last year, we invested about $27,870 by year-end. To date, we’ve invested over $20,000 just in Qtr 1 2021. DAMN!
I’m so proud of our progress and think we’re in a great spot to make some major net worth changes this year!
How has your investing been going in Quarter 1?
-K