Well, finally at the update for the fifth and final of my 5 financial goals for 2008. So far there are some goals I have done well with, and other that certainly need work. Here is a recap of this final goal:

5.) Put 15% Of Our Income Into 401ks
I have been doing this for quite a few years now, however my wife has not. So I would like to get both of us to save this much in our 401k accounts this year.

Status

Well, this has been another difficult goal to meet this year. I have been putting away 20% since the start of the year which has been fantastic. I think I will have no problem continuing this through the rest of the year.

On the other hand, my wife was unhappy at her job so she dropped down to part time status there. She then was working part time as well at another office… so full time hours with part time status at both places. Unfortunately since she was part time this means she no longer had access to a 401k. She was actively looking for a full time position though, so we decided against opening a traditional IRA for a few months.

She has since found a new job which she starts next week and will offer a 401k plan. So once that starts up we should be on track to get at least close to our goal for the year.

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