Retirement Nestegg Report March 2018 (almost joined the 2 comma club)
Well as with February March was a very interesting and exciting month. I actually came within $1,000 of hitting a $1M nestegg during the month and ended up the month $74,000 lower that that intra-month high. We’ll see if I regret it or not, but I did have an opportunity to at least temporarily hit the double comma club by making a contribution during the month, but ultimately decided to see if I could hit it all natural and well that back fired 🙂
First off the growth of my nestegg and the outperformance of my investments to the market over the last 2 years or so has been rather astounding. My March 2016 nestegg report I was going bananas because I had a $46k monthly increase to jump my nestegg from $485k to $531k in a single month and now 2 years later my nestegg was within breathing distance of the mythical $1,000,000 barrier.
Now I also have to look at this growth and realize very quickly that it is not realistic and that even if my nestegg dropped by a few hundred thousand dollars I’m probably still doing quite well. Everyone looks like a genius when the market has been going up and well the market has been doing nothing but going straight up for the last decade so I should be very careful not get a false bravado about my financial and investing acumen. The law of averages will catch up and I’ll probably be looking back at this time with fond memories of the good old days.
The other piece that almost got put into action by me meeting my last financial goal is to start thinking about what is next for me. Because let’s be honest having a $1M retirement nestegg and a $999k nestegg for one day really doesn’t change much. I really need to start putting together the “what’s next” piece of this blog. I started this blog with a goal to save $100,000 for retirement by age 30 which I came very close to achieving. Then I transitioned to the $1M by age 40 goal which while still in progress I damn near achieved this month (I’m 38 by the way).
The last goal for this blog will be me spending much less time working for money and more time with my family and I really need to figure out what that means because right now that’s a really fluffy goal. Part of me thinks I could probably start this now and part of me thinks oh crap that’s really scary and dangerous. I need to spend some time fleshing out the scary and dangerous parts and try to see if I can remove some of the fear so hopefully I feel comfortable enough to pull the trigger on what has been the entire point of my financial journey.
Taxable Account- $47,605.61 (-11.04%)
Private Stock $63,100 (+0.00%)
Traditional Rollover IRA – $28,837.41 (-3.91%)
My Roth IRA – $226,082.88 (-3.19%)
Wife Roth IRA – $139,244.41 (-4.42%)
Wife 401k – $3,776.69 (-1.78%)
Traditional 401k – $417,926.40 (+0.59%)
Roth/Traditional % = 39.43% (tax free)
Total Retirement Nest Egg $926,573.40 (-1.97%)
Retirement Salary (4%) $37,062
Monthly Contributions $8,573.23 (401k)
SP500 Performance -2.69%
My Monthly Investment Performance -2.87% (-0.18% vs SP500)
My Monthly Individual Stocks Performance -4.51% (-1.82% vs SP500)