Invest at least 60% of net pay, excluding what’s contributed to 401(k):

• Represents a 5% increase over 2020. This is for 2 reasons: I want to always push myself to keep investing more each year, and my employer no longer offers a 6% match so I this is to help offset this.
• Investments that count towards this goal are Roth IRAs and Taxable Brokerages.

Contribute Federal Maximum into Roth IRA:

• This ensures I’m contributing the federal maximum allowed towards a Roth IRA.
• For 2021, the maximum contribution is $6,000.

End the year with average 8 months expenses in bank accounts:

• Meant to represent a true emergency cash needs scenario (so some accounts are added or removed, depending on what this would look like).

Stretch Goals:

• A more aggressive version of the “primary goals”.

How Results are Calculated:

• Green: No worries at this time meeting the goal, based on actual and planned metrics. Or, goal is within 2% of target.
• Yellow: Some worry about achieving the goal, planned budget shows goal will not be met. Or, amount projected is within 5% of target.
• Red: Goal is at risk for being met. Planned budget shows major changes needed for goal to be met. Or, amount projected is less than 5% of target.