Retirement Nestegg Report – July 2009
My retirement nestegg report for this month – funny how people say the economy is horrible and you’d be an idiot to put/keep money in the stock market today and yet I’m very close to nearing an all-time high for my retirement nestegg. Had I listened to the naysayers and took my money out when things were ugly I’d be sitting on $55,000 in the bank earning next to no interest. Instead just 6 months later I’m sitting at nearly $89k 🙂 The stock market is for the long-term and you should never react to short-term fluctuations (talking years here) in the market. If you can accept the good returns when the market is humming then you have to also be able to accept the poor returns when the market is not. They key is to always stay in the market if you want to create any kind of long-term wealth accumulation in the market.
Traditional Rollover IRA – $10,013.28 (+12.32%)
My Roth IRA – $28,279.91 (+6.56%)
Wife Roth IRA – $15,786.60 (+10.71%)
Current Traditional 401k – $34,740.08 (+13.77%)
Roth/Traditional % = 49.61% (tax free)
Total Retirement Nest Egg $88,819.87 (+10.68%)