Comments on: Retirement Nestegg Report – July 2009 http://myfinancialjourney.com/archive/retirement-nestegg-report-july-2009 Wed, 01 Sep 2010 22:08:43 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: S. B. http://myfinancialjourney.com/archive/retirement-nestegg-report-july-2009/comment-page-1#comment-123684 S. B. Tue, 11 Aug 2009 12:15:52 +0000 http://www.myfinancialjourney.com/?p=330#comment-123684 Of course you actually want to be dumping the money into your retirement accounts when the market is low. I had a great lesson about this earlier in the decade. I went to work for a company in 2000 just around the top of the market. I worked for them until 2003 and dumped money consistently into an S&P 500 index fund in my 401(k) the whole time. As you know, the market basically went down almost the whole time! I rolled the money over to an IRA in early 2004. Although the market had recovered substantially by then, it was nowhere near the high in 2000, and I was surprised to learn that the total amount of money in my account was basically about the same as I had put in. Dollar cost averaging through the trough in early 2003 had in fact worked out. Of course you actually want to be dumping the money into your retirement accounts when the market is low. I had a great lesson about this earlier in the decade.

I went to work for a company in 2000 just around the top of the market. I worked for them until 2003 and dumped money consistently into an S&P 500 index fund in my 401(k) the whole time. As you know, the market basically went down almost the whole time! I rolled the money over to an IRA in early 2004. Although the market had recovered substantially by then, it was nowhere near the high in 2000, and I was surprised to learn that the total amount of money in my account was basically about the same as I had put in. Dollar cost averaging through the trough in early 2003 had in fact worked out.

]]> By: MFJ http://myfinancialjourney.com/archive/retirement-nestegg-report-july-2009/comment-page-1#comment-123683 MFJ Thu, 06 Aug 2009 20:24:53 +0000 http://www.myfinancialjourney.com/?p=330#comment-123683 I actually have until next month and well my goal is only on my contributions not the current size of my nestegg. I also decided not to rely on any matching contributions by my employer which if I add up all of my vested matching contributions I actually will make my $100k by 30 goal. Anyway its a fun goal and I know I've at least got a good start and am heading in the right direction. I actually have until next month and well my goal is only on my contributions not the current size of my nestegg. I also decided not to rely on any matching contributions by my employer which if I add up all of my vested matching contributions I actually will make my $100k by 30 goal. Anyway its a fun goal and I know I’ve at least got a good start and am heading in the right direction.

]]> By: Rachelle http://myfinancialjourney.com/archive/retirement-nestegg-report-july-2009/comment-page-1#comment-123682 Rachelle Thu, 06 Aug 2009 20:12:01 +0000 http://www.myfinancialjourney.com/?p=330#comment-123682 You were so close!!! Hey, I think you should be pretty proud of yourself for taking risks when very vew wanted to. You would have been definitely sitting on a little more than half of what you have now. I would love to be a "hundredthousand-aire" (thank you Chuck Schwab) by the time I'm 30. I've got a little less than 7 years. So I'll be reading your blog so that I can make that dream come true. I also have a blog that tracks what I'm doing, so check it out some time! You were so close!!! Hey, I think you should be pretty proud of yourself for taking risks when very vew wanted to. You would have been definitely sitting on a little more than half of what you have now. I would love to be a “hundredthousand-aire” (thank you Chuck Schwab) by the time I’m 30. I’ve got a little less than 7 years. So I’ll be reading your blog so that I can make that dream come true. I also have a blog that tracks what I’m doing, so check it out some time!

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