Retirement Nestegg Report – January 2010
Well the market turned a little south this month, but my retirement nestegg actually grew at a pretty good pace this month. This was entirely due to the fact that I am now fully vested in my company’s 401k matching money. My company has a very generous 401k matching program where they match dollar for dollar up to 4% of your salary and that money is 100% vested from day 1 of employment and is deposited in your 401k account with each paycheck. They also contribute another 5.5% of your salary in matching funds regardless of whether or not you contribute to your 401k at the end of each year. This is the money that is not vested until 3 years of employment – Friday was my 3 year anniversary so this resulted in about $10,000 being added to my 401k balance!
Traditional Rollover IRA – $10,879.66 (-0.36%)
My Roth IRA – $ 31,775.51 (-1.62%)
Wife Roth IRA – $17,617.68 (-1.77%)
Current Traditional 401k – $52,254.95 (+18.06%)
Roth/Traditional % = 43.89% (tax free)
Total Retirement Nest Egg $112,527.80 (+6.75%)
My contributions this month – $10,579.91 (401k vesting)
SPY Performance -3.63%
My Monthly Investment Performance -3.29% (+0.34%)
My Monthly Individual Stock Performance -1.44% (+2.19%)