Well that was a nice pop to start off the new year. Didn't expect the markets to advance like they have, but who's complaining? It brings me within inches of another milestone: $1.25 million
I was able to lump sum the max to Roth IRA and HSA accounts on Jan 1, plus a little extra to the Brokerage. I will further add to that in March when finalizing max 2023 contributions to the SEP IRA. Unfortunately, even with such deductions, preliminary figures show a tax due around $1,000. I have to blame that on the annual TV show residuals I receive since taxes are not withheld. But I can't complain a whole bunch as 2023 brought in a record high gross income, albeit not by much.
Expenses were kept as light as possible, although I did have to pitch in for a new amplifier to power my workstation audio, plus I've been having to draw down from my legacy HSA covering some Physical Therapy to improve a bit of frozen shoulder. I'm itching for some updated electronic toys but I'm trying to be good and stay content with what I have for now. The anticipated larger expenses won't begin until the back half of 2024 and into 2025. Most of the funds are there, ready and waiting, but I have to make sure not to be reckless in the meantime.
Can this positive trend continue? More to come! |