This year has been really busy for our family. Apologies for the late update. We moved less cash in January 2025 since we are waiting for the final tax numbers to come through. I think with our quarterly safe harbor payments last year we will break even on taxes. Right now, it looks like a refund, but we haven't filed the short term and long term dividends yet from holding SPY, VOO, and VTI.
Here is a one year trend chart show the end of January 2024 balance.
Here is the end of January 2025 balance.
This year my wife is firing up her Roth 401K mega backdoor again so we'll need to adjust our withholding after she receives her first paycheck. Most of the January 2025 investments focused on the normal Roth backdoor and the small tax benefits for our daughter's 529.
The yield curve was no longer inverted as of mid December 2024. We have some headwinds of tariffs, layoffs, and inflation at the moment. My gut feeling is that the mythical soft landing is getting further away from us. I'm still hopeful we will avoid a recession if the trade wars are called off.
The best thing we can all do right now is to keep living our lives, but also make sure our emergency funds are in place. Given all of the layoffs at the moment, a dual income household might withstand any upcoming recession than a single income household. Ideally, your household budget contains a lot of fat at the moment that can be trimmed if needed.
Source: https://fred.stlouisfed.org/series/T10Y3M
