Quarterly Goals Review 2009 Q4
Items marked ? are ones I hope to finish before the end of December.
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
[X* ] 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
[X] Will and trust complete.
[X] Fully fund 401(k): $4,125 per quarter
[X] 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
[X] Update will and trust
[X] Save 20% of our income -- 15% to retirement, 5% to investing
[X] Fully fund 401(k): $16,500
[X] 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.

The biggest accomplishment for the year was getting our will and trust done. The house has been moved into it, but I still need to fill out the paperwork to move our investment accounts in. I also need update the beneficiaries on the retirement accounts to add the girls.

I took a quick look at our numbers for 2009 taxes. TurboTax is estimating about $31k will be owed, so we may be looking at a big refund even if I don't send in the Q4 estimated tax payment -- depends on the capital gains, I guess. (Our income is down at least $30k from last year due to maternity leave and smaller bonuses.)

It looks like our wages will come in at $161k. No idea yet how much investment income to expect -- maybe $6k dividends and $10k capital gains? We'll contribute about $16.5k to 401k and about $8.6k to SEP-IRA, so that's 15.5% of salary to retirement. Our money market fund that holds our emergency fund went up by $14k from DH selling his ESPP shares, so I guess we can say we saved 8% in addition to retirement.

I have not yet moved any money into DS's 529 plan. I'm waiting for the girls' social security numbers to arrive to open 529 plans for them. My dad generously set up DS's fund with $20k when he was born. He has not yet mentioned doing anything for the girls. While I can't imagine that he wouldn't treat all the grandkids equally, it's a bit awkward to ask him about it.

I still haven't figured out what I want to do for a quarterly investment review, beyond adding up the accounts to get our current net worth. There are so many funds and the total is substantial -- I get kind of paralyzed when I sit down to look at it. So the investment side is where I tend to fall down on the plan.