I had recorded our retirement totals on Friday, but then check them again this morning since I saw the market had a good day yesterday. In total our holdings increased $1200 in just one business day. That's a nice chunk of change!!
We are currently just under $334K in retirement funds. I don't write that to brag, but to remind you that you can save money and it does add up. Our balance in May 2003 (yes 12 years ago) was just $25,700. We have been maxing our Roth IRAs for at least six years, maybe a bit longer. We also put 10% of my husband's basic pay into his work TSP account, and that is a recent increase from 8%, and I think at one point we only did 6%. And currently our entire monthly contribution to our retirement accounts is 16.64% of my husband's gross pay. Sometimes I actually wonder if this is too much!
I hope you are investing your earnings for your retirement. It does pay off. The sooner you start the less you need to contribute, too. It's okay to start small and gradually increase as you can.
Did your retirement accounts increase yesterday?
$1200 Increase
May 19th, 2015 at 02:00 pm
May 19th, 2015 at 02:44 pm 1432046649
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Financially, our turn around point was the decision to focus on paying off the mortgage. That sum was then re-directed to creating an aggressive, non retirement portfolio. The trick was to make a spending plan and stick to it. I remember explaining to my free spending brother that 'we weren't buying stuff we didn't need, with money we didn't have to impress people we didn't know and didn't care about''. [modified Dave Ramsey]
May 19th, 2015 at 03:53 pm 1432050800
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May 20th, 2015 at 12:57 am 1432083446