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.
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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.
Heh – another great month for my retirement nest egg. Up over 7% this month and creeping up on the $60,000 mark. It’s amazing how fast your accounts grow when you make regular contributions and just let the magic of the stock market do its thing. It’s been an amazingly long run of stellar stock market returns. In fact I think the last 5 years have been one of the longest consistent bull runs ever. Guess that means odds of things heading south for a bit are slightly higher.
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I ran across this quote today when I was eating lunch at Jimmy John’s hanging on their wall. I had never heard this quote before, but I don’t know that there is another quote that so accurately sums up the concept of saving for retirement.
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Another pretty good month for my retirement nest egg. The stock market sure has been on a good tear for a long time now, which honestly kind of stinks. While it’s nice to see your accounts going up every month, I certainly wouldn’t mind being able to buy stuff on the cheap at my age if we went through a couple years of downturn. One thing to note is for the last two months I have missed my Roth IRA contributions. This is due partly because I decided to splurge and pay off my HELOC. I’m hoping this month I’ll be able to squeeze some money into my Roth IRA accounts, but if not either way I plan on still maxing them both out by the end of the year (this is the first year I didn’t max both accounts out on Jan 1 – again due to me wanting to eliminate my HELOC first). Anyway here are the numbers.
I was perusing around CNN this morning and they had a little calculator that would compare my net worth with the average net worth of other’s around me. I’m really not a big net worth guy, but figured I’d check it out to see where I stand. Since I took my new job my income is somewhere around $80,000 when you add in bonuses and side jobs I do. Here are the results.
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