I just realized I never checked in on my progress for 2006 for my $100,000 by age 30 goal. I know I was ahead of schedule, but figured it would do me good to get a detailed list of goals vs actuals. Plus it will make it easier for me to keep track of my progress in 2007
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Well another good month for my total retirement nest egg as I broke the $50,000 barrier. It was due entirely to contributions though as my investments all were in the red this month, partially due to yesterdays little dip. As much as it’s fun to see me break the $50k mark I’d love it if yesterdays trend continued for a while and we went into a major bear market as I’d love to pick some more investments up on the cheap. One thing to note is that I now have a new retirement plan on the list as I recently switched jobs. Anyway here are the numbers.
My Roth IRA – $11,080.30 (-2.52%)
Wife Roth IRA – $13,984.38 (-1.68%)
Old Employer Traditional 401K – $11,807.45 (-1.05%)
Old Employer Roth 401K – $12,797.47 (+12.20%)
Current Traditional 401k – $617.67 (new)
Roth/Traditional % = 75.29% (tax free)
Total Retirement Nest Egg $50,287.27 (+2.77%)
Well my blog has been around for over a year now so I guess I can start highlighting some posts from a year ago. I think this is kind of nice because I can occasionally see what I was thinking a year ago. See if my attitudes have changed, if I’ve learned anything new since then, etc. I probably won’t do this too often as well my blog hit a dry spell for a while last summer, but one year ago this week was a pretty good one for my blog.
When I originally set my $100,000 by age 30 goal I needed to sort of cheat and I made the goal to have $100,000 in principal (money I contributed) in my retirement accounts by Dec 31 of the year in which I turn 30. My birthday is in August and well according to my original calculations I would need at least those extra 4 months to reach my goal.
Well 2006 is coming to a close and I figured I would check in on how I am progressing on my goal to have $100,000 in principal (solely my contributions) contributed to my various retirement plans. Here is my contribution table my initial planning post on reaching $100k by 30.
Well it’s been a while since I set my goal of having $100,000 in principal put away for retirement by Dec 31 of the year I turn 30 in and well I figured I should check up on my progress and make sure I am on track.
As you may know I decided earlier this month to set a goal for myself to save $100,000 in principal by the time I am 30. This is a pretty ambitious goal seeing as I have less than 4 years before the goal is suppose to be met and am not even a third of the way there.