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Retirement Update

September 1st, 2016 at 09:08 am

Since my last update 6/3/16 my retirement account has gone up $4481.66! Yessssssssssss!!

Current balance is $75,312.51.

I hope that the next $25K comes quickly LOL

Retirement Update

June 3rd, 2016 at 09:24 am

My retirement contributions are on autopilot.
I currently have $70,830.85.

So close to the $100K mark!!

Retirement Update

March 23rd, 2016 at 08:54 am

It's lunch time here at work and I have no posted in awhile.

My retirement savings is $64,962.77.

I hope I can get to $100K soon. It just seems like forever! I've heard CCF mention that once you reach that mark then you see more movement if I remember correctly.

I hope everyone is doing well!

Retirement Update

September 23rd, 2015 at 12:34 pm

My accts took a hit and I'm down about $3K from the last update in July.

Roth IRA $16,853.69
401K $38563.3
Total $55416.99

Playing with retirement numbers

August 17th, 2015 at 01:43 pm

Kiplinger Calculator

Retirement Savings Calculator

Here is an estimate of how much you need to save initially each month to match your retirement nest-egg goal. You will need to increase your savings
in future years to keep pace with inflation. The results below assume 3% annual inflation and 2% annual home appreciation.

Annual Retirement Income In Future Dollars:


Annual Social Security and Pension Benefits:


Nest-Egg Goal:


Projected Future Value of Current Savings:


How Much You Should Be Saving Each Month:

This amount includes how much you are already
saving plus any employer match


I took a look at Chris Hogan's R:IQ and I plugged in $50K as an estimate for what I have saved. Plugged in retirement age of 63 and that I'd like to live on $5K/mth.

Here's what I got.
Your R:IQ is:

What you need to
invest monthly:
Without adding anything else, your current retirement investments should be worth:
Here’s how much you need to save to reach your R:IQ:

It sure looks like a lot.

Retirement Update

July 21st, 2015 at 12:25 pm

I don't do updates on my retirement often but I should.

I started both my 401K and Roth IRA in 2012. My employer match is 6% of the 401K.

Right now I am contributing 15% of my income not including the match (I did not start out contributing that much). The 6% match is just icing on the cake right now.

I follow the Dave Ramsey program or at least try hard to do so!

For three years, not bad.

401K $41,027.12
Roth IRA $17,569.72
Total $58,596.84

Roth IRA Fully Funded - 2013

March 21st, 2013 at 06:55 am

Tomorrow I will be sending a check to fully fund my Roth IRA for the year! I am excited! I've already emailed my financial planner this morning to get the exact pay off amount and the link/log in/pw to view online.

The payoff should be a tad bit over $3100 since I have a $200/mth bank draft to the account.

Profit Sharing / Roth IRA / 401K

March 11th, 2013 at 11:18 am

It's Spring Break and I'm doing a little spring cleaning. Today, I went through some papers that needed to be filed and came across the following:

Profit sharing is based on 1% of my base annual earnings.

I just started my Roth IRA in 2012.
Roth IRA as of 1/31/2013

I just started my 401K in 2012.
401K as of 12/31/2012

Checking In

October 23rd, 2012 at 11:35 am

It's been awhile since I have last posted.
My daughter and I had a great time in NYC it's nice to be back home.

I met with my financial advisor on Friday. I'm glad I did because now I'm refocused on my game plan ahead. I started to slack off with my spending.

The 401K that I have with my work has made 16.35% personal rate of return for the past year. My job matches 6% fully vested and I get 1% of my income in profit sharing.

I had opened a Roth IRA through Sharebuilder then let it sit (need to close that!). So, on Friday I opened one with my financial advisor. I'm super excited! I will be depositing $200/mth into that account. I will need to save $2600 as I can to try and max that out for 2013.

I'm on my way. Feeling good.


July 31st, 2012 at 07:51 pm

I just recently started contributing to my 401K. My company matches 6% so that is what I put in. I am enjoying watching my account grow. I met with a financial advisor earlier in the year and I am greatful that I did. Still need to set up a Roth IRA!

Balance April 2012 $3,493.52
Balance June 2012 $4,963.22

Net change in Market Value $1,469.70