My Financial Journey

Here is my monthly report. Not much to say – small gains (solely based on contributions). Will hopefully be kicking in some last minute IRA contributions in next month or so to fully max out my Wife’s Roth IRA as well as start on my 2008 IRAs. Want to get back to the point where I am maxing the first day possible. Will be opening my 2008 IRA accounts with Zecco. Hope to start posting a little more frequently as finance has been more on my mind as of late. Anywho here is the February’s report.

Traditional Rollover IRA – $11,876.7 (-1.52%)
My Roth IRA – $29,311.38 (+0.44%)
Wife Roth IRA – $13,946.34 (-0.31%)
Current Traditional 401k – $18,144.51 (+6.95%)

Roth/Traditional % = 59.03% (tax free)

Total Retirement Nest Egg $73,278.93 (+1.50%)

Well a down month for my net worth this month and the first one in a long while. Given the general stumbles of the stock market as a whole I don’t feel too bad about it. In fact had I done my report based on today’s results I would actually be well into the black as a number of my major holdings are up double digits today. Ah well – I should really be rooting for more turmoil and stock market declines as I’m doing only buying for the next 20+ years.
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A pretty steady and boring end to 2007 for me. For the year though my retirement nestegg grew by $26,362 or 56%, which is what really counts. I sometimes wonder if I should only do quarterly or even yearly reports on my retirement nestegg, just because if you take yourself too seriously when looking at results in the short term you may miss the big picture.
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I want to apologize for missing last month’s report. I believe that is only the 2nd time since I started blogging 2 years ago that I missed a report. Two kids are more than 2 times the work of 1 kid 🙂

Note the percentage change below is over a 2 month period instead of the normal one month period.

Traditonal Rollover IRA -$12,441.28 (-9.10%)
My Roth IRA – $30,460.08 (+10.69%)
Wife Roth IRA – $14,439.44 (+1.80%) 15,194.20
Current Traditional 401k – $14,097.38 (+26.35%)

Roth/Traditional % = 62.85% (tax free)

Total Retirement Nest Egg $71,438.18 (+6.94%)

Quite month for the blog but another good month for my retirement nestegg. Every month I am amazed at how much my account grows especially when I look back just a few months earlier and see myself hitting $40,000, $50,000, $60,000 etc. In fact due to the fact that I have some contributions to catch up on before the end of the year I think I might pass $70,000 as early as next month and might even have a legitimate shot at $80,000 before the end of the year depending upon how the market performs.

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Well a couple of changes with my accounts this month. You’ll notice that my previous employer Traditional and Roth 401ks are no longer in the detail and that there is a new Traditional IRA Rollover account. I rolled over the money from my previous employer this month. The traditional part is in the Traditional IRA Rollover account and the Roth part I just put in my normal Roth IRA account. My previous employer actually had excellent investment options – some actually better than I can get on my own, but I rolled it over just because even though the expense ratios were top notch I just wasn’t sure what other fees were being assessed or what new fees might show up in the future. Guess I am a control freak when it comes to my financials so I rolled it over.
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