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Quarterly Goals Review 2009 Q3

September 21st, 2009 at 12:03 pm

Quarterly Goals Review 2009 Q3
I wrote up this list of Goals for 2009 in February. Looks like I forgot to do my quarterly goals review in March and June! Now that it's September, let's see how we're doing. Items marked X* are finished, but occurred later than the designated quarter.

Q1 Goals 2009
[X*] Call will and trust lawyers friends have recommended, pick one.
[X] Fully fund 401(k): $4,125 per quarter
[X] 10% of DH's income to ESPP, to be added to his investment account
[X] Do taxes with TurboTax
[ ] Fund 2008 IRAs -- approx $10k
[X] Transfer money to SEP-IRA -- $19k
[X*] Review 529 funding, establish goal.
[ ] Review current portfolio and write down why we own each fund.
[ ] Create format for quarterly investment review
[ ] Recalculate TPG (target portfolio goal) and TSG (annual target savings goal) for retirement


Q2 Goals 2009
[X*] Have initial appointment with will and trust laywer.
[X] Fully fund 401(k): $4,125 per quarter
[X] 10% of DH's income to ESPP, to be added to his investment account
[ ] Schedule annual review with stockbroker.
[ ] Perform quarterly investment review
[X] Pay fed and state 2008 taxes due
[X] Pay 2009 Q2 estimated taxes

Q3 Goals 2009
[ ] Move house and investments into trust.
[X] Fully fund 401(k): $4,125 per quarter
[X] 10% of DH's income to ESPP.
[ ] Perform quarterly investment review
[X] Pay 2009 Q3 estimated taxes

Q4 Goals 2009
[ ] Will and trust complete.
[ ] Fully fund 401(k): $4,125 per quarter
[ ] 10% of DH's income to ESPP, to be added to his investment account
[ ] Perform quarterly investment review
[ ] Review estimated tax payments in light of reduced income.

2009 Goals for the whole year -- items marked * are on track.
[*] Update will and trust
[ ] Save 20% of our income -- 15% to retirement, 5% to investing
[*] Fully fund 401(k): $16,500
[*] 10% of DH's income to ESPP, to be added to his investment account
[ ] Traditional IRA contribution: $10k
[*] SEP-IRA contribution: 20% of contracting income
[ ] Move $10k into 529 plan.
[ ] Meet TSG (annual target savings goal) of TBD
[ ] Follow up on stockbroker recommendations.

With the twins coming, I will stop working on Oct 2. We will still contribute to DH's ESPP, but not all the funds from the sale of the shares will go into his stock-trading account -- we will need some of that money to replace my income while I am a SAHM.
Since our annual income will also be significantly lower than last year (DH got large bonuses in 2008, and the company probably won't give much out this year), we'll need to re-estimate our 4th quarter tax payment to avoid having a large refund.

I've decided I want to add $10k to DS's 529 plan.

2 Responses to “Quarterly Goals Review 2009 Q3”

  1. LuxLiving Says:

    Nicely on track. Good luck with those babies coming!

  2. homebody Says:

    Wow twin girls, how exciting! Great job on the finances. I was terrible about transferring my SEP-IRA money before April when I was self-employed. Good job!

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