My Financial Journey

Another month of nice growth for my retirement nestegg report. My first monthly report north of $200k and I cleared that hurdle by a good margin. Performance on a whole trailed the market some as my 401k performance as usual trailed and my individual stock as usual bested the SP500. It may be time for me to think about just moving all of my 401k money into a standard index fund and just worry about beating the market with individual stocks.

Another exciting fact is that I made my first contribution to a Roth IRA since 2008! We had put this off as we were saving for a house/land, but our house savings has now hit a point where I think we have more than ample money for a purchase so now we will start amping up the retirement contributions again which is exciting for me as I need more money where I can buy stocks where I have been relatively successful thus far.

Traditional Rollover IRA – $18,018.35 (+3.48%)
My Roth IRA – $54,096.30 (+3.60%)
Wife Roth IRA – $28,812.16 (+13.68%)
Traditional 401k – $109,015.85 (+4.46%)

Roth/Traditional % = 39.49% (tax free)

Total Retirement Nest Egg $209,942.66 (+5.32%)

Monthly Contributions $3,515.46 (401k) $3,000 (Wife Roth IRA)
SPY Performance +2.81%
My Monthly Investment Performance +2.05% (-0.76%)
My Monthly Individual Stocks Performance +3.02% (+0.21%)

Well I gave a little back in the last two days so I will have to wait before I have a retirement nestegg report over $200k. A good month for my retirement nestegg growth but a good chunk of that was due to an extra $5400 that my company deposited in my 401k as part of my matching funds. My performance actually trailed the SP500 slightly this month. One item that I am considering is restarting contributions to our Roth IRAs which I have not contributed to since 2008! Our house/land fund is getting sufficiently big and I think it is time to start increasing our retirement savings again and I’d like to get some good contributions in before the April 15th deadline for 2011 contributions. Hopefully the market starts heading south again since I will not be a more active buyer of stocks going forward again.

Traditional Rollover IRA – $17,412.62 (+10.21%)
My Roth IRA – $52,221.31 (+3.61%)
Wife Roth IRA – $25,343.99 (+0.91%)
Current Traditional 401k – $104,361.29 (+10.43%)

Roth/Traditional % = 38.91% (tax free)

Total Retirement Nest Egg $199,339.21 (+7.28%)

Monthly Contributions $6,089.78 (401k)
SPY Performance +4.31%
My Monthly Investment Performance +4.00% (-0.31%)
My Monthly Individual Stocks Performance +4.01% (-0.30%)