2019 in review and looking forward to 2020

We had a phenomenal 2019. Our net worth increased by over $231k. Assets rose not only because we maxed out contributing to our respective 401(k) and in taxable brokerage but primarily due to the extraordinary run of the stock market which raised the valuation of all our investment accounts. Debt has gone down by aggressively paying down our mortgage.

Since we started tracking and documenting our financial journey from beginning of 2017, we’re amazed how far we’ve come. In January 2017, our net worth stood at $458k. In 3 full years, it has more than doubled to $943k.


Now to keep us honest on our goals from the last year-end post.

First, we’ll be maximizing our 401(k) at our respective employers. With an increase to $19k in 2019, that’s $38k tax-free shaved right at the top.

– Check. Done.

Then, we’ll be contributing to the max in in either Roth or T-IRA. With new limits of $6k this year, that’s another $12k for both of us.

– Almost check, we’ll be working on this till April 15 to get our respective t-IRAs fully contributed with $6k each.

Next, we plan to invest at least $9k in our taxable accounts for the full year. This will almost certainly bump up to $10k by the end of the year. As a comparison, for 2018 we invested $6,850 in taxable accounts.

– Not quite but pretty darn close at $8,400.

With automated pulls we’ll be putting $2.4k in our child’s 529 account for the year. I want to top it off to $3k.

– Managed a bit more than just automated pulls, but at $2,550 a bit short where I wanted to be at. But we have about $500 that is laying in a saving account and I’ll pump that in when a correction happens.

Our mortgage balance stands at $206k right now. Aim is to bring this down to $160k, mixed between regular payments and additional payments applied towards principal. This will be the stretch goal!

– We were on our way to reach this stretch goal till about September but scaled back (reasons in the next section). Current balance of $175.8k is a reduction of $26.5 is not shabby


Looking forward to 2020.

So, a big change happened in the first week of 2020. M left the full time job and became a stay-at-home-parent, with part time work. We outlined the plan in this post. This is one of the reason that we slowed down aggressively paying down the mortgage. We still pay $106 extra to principal on the monthly mortgage payment.

Since this will be the first year riding out this big change, I’m not going to set goals for 2020. We’ll report the contributions to 401(k), Roth IRAs, taxable brokerage, and 529 account at the end of the year.


Here’s hoping to an amazing 2020 everyone! Maybe your life, and journey towards FIRE, be a glorious one.