We contributed $3,806.57 this month to our retirement accounts We gained $10,857.66 in interest this month. That’s almost as good as we did in February when we gained just over $14,000. The markets were nice to us this month, and hopefully they continue.
At this moment, I’m more concerned about mortgage interest rates remaining relatively low. We wouldn’t borrow the money for our new house until February at the earliest, March as likeliest, and April as a late option. Interest rates do more for our monthly payment than our option choices. We’re looking at about 1900-$2100/month depending on exact rates for the new construction – but that wouldn’t start until March probably (maybe as late as April). We’re hoping that our house in VA sells before the end of the year – preferably in the next few months, so we can save that payment until we move in.
I’ve maxed out my 403(b) contribution percentage which will start coming out in my September paycheck – 20% of my salary (~$2100/mth with “match”). That will increase our monthly contribution for the rest of the year, pushing us just over $45k in contributions for the year. We’re just going to learn to live on a lower take home pay. (I’ve also figured out that we’ll end up paying more PA taxes at 4.07% of gross than VA’s 6% of Federal AGI 🙁 ) I have to wait until my September paycheck to figure out our new monthly net amount.
So far, for 2014, we’ve contributed $26,905.35 (67.26% of the new goal of 40k), and we’ve gained $26,041.09 in investment gains (128.53% of our planned total).