Thu 1 Feb 2007
Well it was another good month for my retirment nestegg. Gained over 4.5% and am inching closer to the $50,000 mark. It’s amazing how fast my nestegg continues to grow as just last December it was only at $24k and hopefully in two years time it will be close to $100k. Just goes to show you that if you stick to a plan of continually contributing to your retirement accounts it starts adding up. I mean when I started saving and investing I thought it would take decades for me to reach six figures and everytime I saw a blogger who had a net worth or retirement account that was over $100,000 I always thought wow that guy must make a lot of money to be able to save that much money. Turns out you don’t need to make that much money, those guys were probably just a couple years ahead of me and had the same rigorous saving mentality. Anywho here is where I stand as of today.
My Roth IRA - $11,366.56 (-0.30%)
Wife Roth IRA - $14,223.81 (+9.56%)
Traditional 401K - $11,933.34 (+2.00%)
Roth 401K - $11,406.00 (+6.27%)
Total Retirement Nest Egg $48,929.71 (+4.52%)
Related Posts
- Retirement Nestegg Report - January 2008
- July 2006 - Retirement Nestegg Report
- Retirement Nestegg Report - December 2007
- Retirement Nestegg Report - November 2007
- Retirement NestEgg Report - September 2007



February 2nd, 2007 at 12:07 pm
How do you calculate what you are contributing? I feel sort of stuck because we’re just starting out and I know we’re doing the best we can.
But what if contribution limits stop us from hitting our goals? Any advice?
February 2nd, 2007 at 12:33 pm
I’m not exactly sure I understand your question. As far as what I contribute I originally came up with a goal that I wanted to meet ($100k in principal by age 30). I then backed down to what it would take to reach that goal. Whenever I come across more money (raise, unexpected windfall) I always try to take at least a portion of that to help increase my contribution percentage.
Not sure how contribution limits could stop you from hitting your goals….can you elaborate more?
May 8th, 2007 at 12:57 pm
My Financial Journey,
Kudos to you for putting together this site. I agree with your Jan 2007 summary post, disciplined investing yields notable growth. I will turn 30 later this year. I am happy to note that my wife and I have successfully achieved our financial goals to this milestone. Now we have revised upward our financial plan for the next hurdle.
One resource that I have found helpful is: http://assetbuilder.com/ there is a wealth of info on this site, including a comparison of wealth by age category - http://assetbuilder.com/?p=88 What this says is if you reach your goal of $100K before turning 30 you will be in the top 10% of net worth for your 20-something age category. It is an inspiring fact to keep the focus on continued savings.
Good Luck!