Well, the hubby and I had a preliminary goal setting session, and we came up with some goals that we want to accomplish this year. Some of them may get tweaked once we know what our projected income will be this year. Here goes:
1. Pay for braces for DD#1. This will take about $2500. Fortunately, it will be $2500 tax-free because we found out she needed braces in time to add the amount to our flexible spending account for the year.
2. Refinance to a fixed rate mortgage. Look for a more detailed post explaining why we're doing a refi now.
3. Continue to contribute 12% to retirement accounts. The company puts in 2%, so we're at 14% total. For 2008, the contributions will be split 8% (including 2% match) to regular 401(k) and 6% to the Roth 401(k).
4. Find a job/source of income for me. I quit my part-time job in June 2007 because it was far away (36 miles, roundtrip) and my daughters' daily school schedules are off by almost two hours for this year and next, i.e., one starts school at 7:30, and the other one starts at 9:15.
5. Consolidate retirement plans from previous employers. We currently have accounts at four different institutions, and I would like to move the other three to Vanguard. We would be able to reduce our fees, and we would be eligible for some additional services.
That's the first look for the year. We'll revise and post as needed.
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