Meet Lauren & Mandy
- Lauren is 39 years old, and Mandy is 32 years old
- Lauren works at The Ohio State University
- Mandy is a nurse at Ohio Health
- Combined gross income $120,000
- $40,000 is savings
- $28,000 in an after tax account
- $150,000 in retirement accounts
Retire at age 67
$50,000 Emergency Fund by next year
Annual Travel Fund
$60,000 House Down Payment in 5 years
They each contribute up to the match of their employers’ retirement plan
They each contribute the maximum amount allowable each year to Roth IRA’s
They deposit $800 per month into their savings account
They invest $1,000 per month into their after tax investment