Well my retirement nestegg grew by 3% this month, which is great, but more importantly my retirement nestegg grew by 90.61% this year. Granted a majority of this gain is due to the fact that my nestegg is so small and a majority of the gains were due directly to my contributions, but it still is nice to see your retirement account nearly double in one calendar year regardless of the reason. One a side note as far as investment performance because my traditional 401k has not had any contributions this year I can easily calculate the investment performance of my 401k investments, which ended up being 15.26%, which bested the market by about 1.5% this year.
Well I’ve been doing a lot of interviewing lately and I’m starting to realize now that I’m worried less about the interview questions that the employer will spring on me than I am trying to come up with good questions for the person interviewing me to help me learn more about them and their company.
I recently went ahead and finally got the ball rolling as far as getting a life insurance policy for my wife. Seeing as how we already have one kid and another on the way it is pretty important for us to make sure that our family would be taken care of if anything bad happened to either of us.
EDIT: This is now outdated…there was a typo in the underwriting process and we were able to get the top rate…see more in the comments.
One of the great advantages, at least for me is that by contributing to my Roth IRA at work I know that some day when I leave the company I can roll it over to a Roth IRA which is a much friendlier vehicle for someone who may be thinking about retiring early. Well I have only been contributing to my Roth 401k for a year, but I am interviewing pretty hardcore lately and it’s likely that I’ll be leaving my current company in the next month or so.
Well I just talked about how I’m going to have to start paying off my student loans come next summer, well I’ve got another expense I need to start planning for……our 2nd kid. My wife and I are expecting next July, which means I won’t be able to whack diapers out of the monthly expenses anytime soon 🙂