So I’m just halfway done with with my first year as an attending, but I can basically see where things are gonna end up by June - unless I make drastic changes! But I’d love some input on improvements I can make next year.
Total Pay: slightly over $300000
Tax: $75000
Living expenses: $75000
Spouse NP school: $25000
Mortgage down payment: $28000 (close on a $520k house in a few weeks, got excellent rate on doctor loan)
After tax Index funds (50/50 bonds and equities): $55000
Piano: $37000 (Both musicians, can’t survive without it).
403(b): $18000
So moving into next year, won’t be saving for another mortgage, my spouse will have only one semester left, we won’t need another piano. Living expenses will likely creep up to $90000 given the house, but we could likely still add the two backdoor Roth’s, and increase after tax investment to $100000.
Thoughts?
Total Pay: slightly over $300000
Tax: $75000
Living expenses: $75000
Spouse NP school: $25000
Mortgage down payment: $28000 (close on a $520k house in a few weeks, got excellent rate on doctor loan)
After tax Index funds (50/50 bonds and equities): $55000
Piano: $37000 (Both musicians, can’t survive without it).
403(b): $18000
So moving into next year, won’t be saving for another mortgage, my spouse will have only one semester left, we won’t need another piano. Living expenses will likely creep up to $90000 given the house, but we could likely still add the two backdoor Roth’s, and increase after tax investment to $100000.
Thoughts?
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