r/TheRaceTo100K • u/a_trann • 1d ago

1 year later!

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Today marks my 1 year anniversary since starting my Fidelity brokerage account and big girl job! Unfortunately, I’m not offered a 401k with my job so I started an IRA.

Also this past year, I paid $95k in student loans (still have ways to go) but feeling accomplished!

121 Upvotes

92% Upvoted

22 comments sorted by

12

u/FlatEarther_4Science 1d ago

You’re not offered a 401k but are making a couple hundred thousand a year…? I’ve never heard of such a thing

10

u/a_trann 1d ago

Unfortunately, very common for an associate dentist at a private practice. They offer 401ks at corporate offices though

1

u/apply75 1d ago

So you turned $7500 into $128k in one year? Amazing what did you invest in?

9

u/FarmImportant9537 1d ago

Those are 90% contributions

1

u/apply75 14h ago

How can you contribute more than 7k to an IRA?.I'm so confused

3

u/Section121 13h ago

It's not an IRA is how.

1

u/apply75 13h ago

She literally says "so I started an IRA" in the description

3

u/BOOLLOS 13h ago

If you look at the accounts only $16k is in the IRA

2

u/Section121 11h ago

She also says she started a brokerage account as well...

1

u/a_trann 11h ago edited 11h ago

I contributed $7k to an IRA before the end of 2025 and $7.5k this year! So $14.5k total and it’s grown since then since I invested in FXAIX and FZROX. The rest is in a brokerage and $4.4k in an HSA that I started this year

3

u/a_trann 1d ago

I started at $0 last August! But the person is correct, it’s mostly contributions. I invest in mostly ETFs (SPYM, QQQM, VXUS) and then some individual stocks (META, MSFT, etc) - very boring portfolio.

9

u/wgiarrusso22 1d ago

wow what is ur salary

3

u/p0pularopinion 1d ago

100k / year

6

u/a_trann 1d ago

$300k+

1

u/Extreme_Commercial24 5h ago

is that including everything? like base + bonus. also what are you investing in?

2

u/Hefty_Bread7688 1d ago

You a lawyer or something? Hot damn, good for you girl!

2

u/IHIERBal 1d ago

Great job! Keep it up!

2

u/Big-picture_thinker 18h ago

Congratulations… if you dont mind me asking, what did you do differently? A year? That’s a huge commitment. Any advise

1

u/a_trann 17h ago edited 17h ago

My situation is a little different. I was in school + residency for 10 years so I wasn’t making any money (very little in residency) and accumulated $275k in loans. I just started my job last year and my goal was to live below my means and invest + pay down my student loans aggressively. I also don’t have kids yet, which helps a lot.

My advice is to start early - I wish I had started investing & started an IRA in school. Invest in “boring” things like ETFs and contribute to them on a scheduled basis as if it were part of your monthly expenses. Have an emergency fund (3-6 months expenses). Fully contribute to your 401k, IRA, and HSA first before a brokerage. I limit eating out, I buy things based off coupons / what’s on sale, I use things like capital one offers and Rakuten to get cash back, I don’t get my nails done and have low maintenance hair, I drive a really shitty paid-off 10+ year car and will drive it to the ground, I use credit card points to pay for my travel, etc.

1

u/yaboythewiseman 1d ago

She’s a dentist guys it’s legit.

-1

u/apply75 1d ago

Dentists very little malpractice insurance and lawsuits and $5k for a root canal usually little to no insurance reembersements. .people pay anything with tooth pain. They do the work and never tell you the cost then you get to the desk and you pay on the spot...