My Financial Journey

Well another new record for my nestegg. The stock market sure is on a roll lately and my nestegg reflects that. Unfortunately I lose to the SP500 this month, but I have beat it in three of the last four months and short term fluctuations like that don’t bother me. I also had quite a few contributions this month which may have skewed my performance metrics as I got a large chunk of matching 401k since my company paid out our annual bonuses this month and I finished maxxing out my wife’s Roth IRA for 2012. In other exciting news I will be putting an offer in on some land to build a house – we will see how it goes but its the first time we’ve gotten serious enough to put an offer in on land so my massive savings efforts the last few years might finally come to fruition. We hope to be able to pay cash for the land.

Traditional Rollover IRA – $18,149.84 (+4.34%)
My Roth IRA – $67,505.30(+3.05%)
Wife Roth IRA – $38,623.05 (+7.54%)
Traditional 401k – $142,040.59 (+5.59%)

Roth/Traditional % = 39.85% (tax free)

Total Retirement Nest Egg $266,318.78 (+5.13%)

Monthly Contributions $3,296.19 (401k) $2000 (Wife Roth IRA)
SPY Performance +3.60%
My Monthly Investment Performance +3.04% (-0.56%)
My Monthly Individual Stocks Performance +2.91% (-0.69%)

Well another month another all-time high and another milestone reached. My retirement nestegg is now worth over a quarter of a million dollars. It’s great to see the power of compound interest and the increased frequency of hitting new milestones. I remember starting out and seeing fellow financial bloggers having nesteggs well into the 6 figures and thinking man I can’t imagine how long it would take to save up that much money or build a nestegg that large and now I have reached that level and now those people are approaching or surpassing 7 figures. Once you get the snowball rolling it’s a powerful thing.

Of note this month I had a very large 401k contribution which is half of my company’s matching program that hits each year around this time. My company has an extremely generous 401k matching program and it has been very helpful in building my nestegg. I also maxed out my wife’s Roth IRA for 2012 and now will start working on our 2013 contributions as I have a surplus of cash heading our way with our company bonus that will be paid out in a week or so. All in all things are looking good and $300k doesn’t look too far off.

Traditional Rollover IRA – $17,394.75 (+4.93%)
My Roth IRA – $65,504.79(+1.44%)
Wife Roth IRA – $35,916.69 (+8.31%)
Traditional 401k – $134,516.17 (+5.69%)

Roth/Traditional % = 40.03% (tax free)

Total Retirement Nest Egg $253,332.40 (+4.86%)

Monthly Contributions $6,400.69 (401k) $2500 (Wife Roth IRA)
SPY Performance +1.11%
My Monthly Investment Performance +1.18% (+0.07%)
My Monthly Individual Stocks Performance +1.75% (+0.64%)