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Another Retirement Milestone

July 20th, 2017 at 11:51 am

Stock markets hit highs yesterday. As a result, our retirement accounts also hit an all time high. And that made us hit a milestone. Our retirement accounts are over $450K! Specifically adding up to $450,539.97.

At the end of last year we were at $392,814.02, so there has been some good growth this year along with our retirement contributions.

For a little perspective, and encouragement if you are just starting out, in May 2003 when I started tracking our retirement our accounts were valued at $25,742. I know we started far before that, likely in the mid 90's for me, slightly early for my husband. We were married in 1996 and we both were contributing a small amount of our small incomes before that.

Just like exercise, you never regret, putting money aside for retirement. You might regret how hard you worked or if you put to little money in for investment, but the effort you do make you never regret.

Start contributing as soon as you can, and increase along the way, such as 1% every year.

5 Responses to “Another Retirement Milestone”

  1. patientsaver Says:

    Oh, that's very good news about the stock market. I have not been tracking it and have been oblivious about highs/lows. Now I'm going to check it!

    Although I'm still pretty nervous about the way overdue correction.

  2. My English Castle Says:

    So true about stashing it away--and with patient saver on correction worries.

  3. disneysteve Says:

    Great job. Keep at it. Growth becomes exponential due to compounding.

  4. rob62521 Says:

    That's worth celebrating! You are so right, you don't regret putting away that money. Speaking as a retiree, I'm so glad I did put away money even when it was tough and I was just starting out.

  5. Myfinancekits Says:

    This is motivating. The beginning may be small, but if you keep at it, it will definitely increase. Investing in penny stocks with strong fundamentals will be like hitting a jackpot if you get it right.

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