Savings Story

$48,000 Goal Update: 5 Months

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…

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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…

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Savings Story

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…

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