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Month: December 2006

Eck…I finally have to start paying my student loans

Eck…I finally have to start paying my student loans

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Well I’ve been out of college completely now for over two years, but the student loan people just finally figured that out. I graduated with my MBA in Dec of 2004, but for whatever reason the student loan company thought I was still a full-time student. Which was nice because all of my student loans were being deferred and the government was still paying the interest on the subsidized loans. Well I got the bad news today that they figured out that I am no longer a student and will have to start making payments come next August.

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The pursuit of the perfect savings rate

The pursuit of the perfect savings rate

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How do you ever become content with with the amount you are saving for retirement?

Sorry if this is just a ramble and I know this isn’t the worst problem in the world to have, but I’ve found saving to be too damn addictive. To me it’s the same as salary, you’ll never be content. You always think to yourself, you know if I was making $10,000 more a year I’d be so content and wouldn’t ever need to make more money than that, I would have all I would ever need. Then all of a sudden you get that $10,000 boost in salary, your lifestyle/expectations adjust and all of a sudden you just need a little bit more to make you content.

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Roth 401k rollover rules?

Roth 401k rollover rules?

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I have been contributing to my Roth 401k for the last year and am now considering looking for a new job so that I can make even more money and contribute even more to my retirement.  When I leave my current employer I plan on rolling over both my Traditional 401k balance to a Traditional IRA and my Roth 401k balance to a Roth IRA.

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Adjustment to Roth 401k Withholding percentage

Adjustment to Roth 401k Withholding percentage

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Well I just sent in the form to change my Roth 401k withholding percentage from 17.5% to 20%. This change is the direct result of me following my plans laid out in my $100,000 by Age 30 post. Seeing as how I just got a raise this won’t hit the pocketbook as hard as it originally would have and really at the same time because of my raise 18 or 19% probably would have sufficed, but I’d rather just stick with my original plan and worst case scenario I end up with too much money. If anything I’d rather overdo it now as my money this year is worth a lot more money that next years (see waiting just 1 more year).

November 2006 – Retirement NestEgg Report

November 2006 – Retirement NestEgg Report

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Well another good month for me. In fact over the last two months my accounts have gone up 13.39% or $5,366.88, which probably means I’ve got a few rough months coming up in the near future, but alas at least for now I have broken the $45,000 mark, just two months ago I was happy I had broke the $40k mark. Hopefully by the of next year I will be in the $70,000 – $80,000 range, unless of course the market tanks which of course would be fine by me too. In fact I really shouldn’t be getting too excited about all of this growth as, assuming my investments are good investments I should be hoping for a huge downturn in the economy and thus my retirement nest egg. It’s a funny game we play, but at my age probably the best thing I could hope for is a recession. Anyway see my progress below.

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