My wife and I were blessed with our second child last Tuesday a beautiful baby girl. Mom and baby are doing great and I’ve been enjoying some time off with the family. Now I just need to wait for the SS card to show up so I can start creating some accounts for her (529, ING Savings, Investing, etc.) I also need to get my butt in gear and start working on our will and estate planning. Anyway here is our beautiful little girl.
Well I have only been at my new employer for just barely 5 months, but yesterday I got called into the CFO’s office and was told that I would be getting a promotion and a 10% raise. My previous manager decided to leave the company and this opened up an opportunity for me. I never applied for the position and in fact didn’t even know if this position was being replaced, so I was quite suprised to hear about my promotion.
…
Well I managed to stay positive this month (barely) completely due to contributions and finally getting matching funds from my previous employer. This month isn’t exactly 100% precise as I don’t know exactly how much of the matching funds is mine anymore due to it only being 20% vested so I took a stab at it. Hopefully by next month this money will show up in Rollover IRAs and I will be back on tracking it to the penny (as if that matters). Anyway here are the figures for this month. Hopefully next month I break through the $60,000 mark.
…
If you follow my blog you know I have a goal of having $100,000 in principal put away by the time I reach 30, I have also talked about how I would like to make $100,000 per year by the time I reach 30, I’m currently working out plans for other goals, such as when I should reach $1 million dollars and possibly how much money I need to retire early (in my 40s). This goal however is going to seem somewhat counterintuitive to those goals. In roughly 5 years time I want to have enough money put away so that I can build a house out in the country with a full court outdoor sportcourt basketball/volleyball/tennis/etc court.
…
I left my previous employer in January of this year and have been waiting to receive my matching funds from last year (deposited June 15th of this year). I was looking at the company’s 401k rules and see that I am only 20% vested after my 2.5 years of service. So basically what I was expecting was that I would get 20% of my matching funds for the previous year seeing how I am not longer an employee. It appears however that I got 100% of my matching funds.
I was just perusing over my portfolio this weekend and realized that I have my first two “bagger”. In investing the term “bagger” was coined by Peter Lynch, which refers to an investment that has multiplied in value. He actually often used terms like 6 or 10 bagger, which he grabbed from the game of baseball where “bags” or “bases” that a runner reaches are the measure of the success of a play.
…
Seeing as how the Roth 401k has only been around for a little over a year and a half, there isn’t a lot of information out there about rolling these things over. I have a Roth 401k at a previous employer and while the fees and funds are very acceptable at the previous employer I just want total control over my choice of investments and want to consolidate some of my accounts, so I will be rolling over my Roth 401k into my existing Roth IRA.