This year I am trying to save $48,000 (60% of our gross household income). To read more about my goal, and to see how I’m doing, you can click on the $48000 category. After 5 months I have managed to save, in various types of accounts, a total of $19,500. Here’s a chart detailing my progress. I spent the month…
Category: Savings Story
Taking A Look At My Roth IRA
I thought I’d take a peak at my Roth IRA and see how it was performing. My wife and I have four primary retirement funds. I have a 403b through work, she has a pension plan through her work, and we both have Roth IRAs. I’d breakdown my investment philosophy thusly: Pension Plan: My wife’s plan will provide guaranteed retirement…
I Only Focus On One Account At A Time
I have big plans for 2007. I am trying to save 60% of our gross income. While our pretax retirement contributions are made on a monthly basis (by our employers), I like to focus on our other investment (or savings) accounts, one at a time. I think of it like a debt snowball in reverse. Confused? Here’s a breakdown of…