Ask HN: Average savings per month?

Re:Ask HN: Average savings per month? by Epenthesis on Tuesday June 02, 2015 @03:30PM (#9648347)

I live in SF and make 140 k$/yr in pretax income.

On a per month basis:

  * 11.67 k$ in pretax earning

  * 7.85 k$ in posttax earning

  * 4.85 k$ in savings

    * In order, maxing out Roth IRA, then Roth 401k, then non-tax-advantaged brokerage account

  * 3 k$ in spending

    * 1 k$ in rent + utilities (I live in a dump with 3 roommates)

    * 400 $ on food

    * 300 $ on transportation

    * 1300 $ on miscellany (entertainment, clothes, travel)

I could probably put effort into tracking that last item better, but I'm happy enough just tracking the top line.

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Re:Ask HN: Average savings per month? by aliston on Tuesday June 02, 2015 @04:17PM (#9648648)

If you are making 140k, aren't you above the limit for a Roth IRA?

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Re:Ask HN: Average savings per month? by Epenthesis on Tuesday June 02, 2015 @05:44PM (#9649240)

"Backdoor" Roth. See: http://www.bogleheads.org/wiki/Backdoor_Roth_IRA

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Re:Ask HN: Average savings per month? by ffumarola on Tuesday June 02, 2015 @09:39PM (#9650116)

No 401k match? (assuming since you prioritize it after ira)

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