Retirement Nestegg Report – April 2011

Retirement Nestegg Report – April 2011

Well another strong month of growth for my retirement nestegg and another strong month of investment returns bla bla bla. Seems to be a reoccurring theme each month and makes these monthly posts pretty monotonous. I am closely sneaking up on the $200,000 figure for my retirement nestegg and both my 401k and my individual stock accounts are each getting close to $100k a piece. So potentially lots of neat little milestones next month if I have another month like this one.

A few other interesting things happened last month. In my last monthly report I mentioned I got a 4% annual raise. Well I was feeling pretty good about myself and decided to go back to my boss and tell him that 4% just wasn’t going to cut it – and he bumped it up to 14.4% and I am now making over $100k a year in base salary from my primary job – which is kind of cool.

The other item is that our house savings account surpassed $100,000 last month – which as I pointed out last month is not so cool because its cost me a lot of potential investment gains as that extra money would have all gone into our retirement accounts, but is something we decided to do and will allow us to hopefully get a chunk of land out in the country and build a house on it.

Anyway here is the report

Traditional Rollover IRA – $15,455.57 (+8.91%)
My Roth IRA – $ 52,569.45 (+4.00%)
Wife Roth IRA – $28,917.87 (+1.10%)
Current Traditional 401k – $96,342.28 (+4.86%)

Roth/Traditional % = 42.16 % (tax free)

Total Retirement Nest Egg $193,285.17 (+4.35%)

Monthly Contributions $1,039.65 (401k)
SPY Performance +2.90%
My Monthly Investment Performance +3.77% (+0.87%)
My Monthly Individual Stocks Performance +3.84% (+0.94%)

  • BNW

    The savings for a house is a great idea–don’t look at it in terms of lost potential gains–think what it will save you in future interest payments and the security of owning your home outright. Not having a house payment makes early semi-retirment much more feasibly.

    Best Wishes

  • freedom5

    As a fellow IT professional, I am curious, what metropolitan area are you located?

    I don’t know whether to say “Wow” if you are in a reasonable cost of living/low tax location or “not bad” if you live in the SF bay area.

    Also, are you doing any mobile development in your current position?

  • MFJ

    @freedom5 – I live in rural WI area – so pretty low cost of living. We are not currently doing any mobile development, but are looking into possibilities.

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