Retirement not so shabby

Still waiting on that state return of mine… but in other news

My retirement accounts don’t look so weary.
My Roth IRA has only lost 21.7% of its face value (what I put in, in regards to what its worth). It’s worth $9,746.61/ $12,451.63

And considering I still have 1548.37 to add to it for this year, I think I’m fairing well in this market since I have the long term to recoup my losses.

Of the 9,746.61 of worth, ---> $2,018.35 is in the ING Fee free Roth IRA. If you remember, last year I opened a second Roth IRA with ING that allows you to have a separate savings account and linked CD’s. So I put $1,000 in a long term CD at 4.5% (I was smart that year and that CD lasts for 2 years). I was really worried about the market and didn’t want all my eggs in one basket so to speak.

Well this year I’m feeling the same way. I didn’t want to put the full $5,000 I’m allowed to into mutual funds since I really hate risk and the stock market just scares me. So, I added $1,000 to the savings account and made one $100 CD thus far at 1.75% (the highest rate they are offering right now). The other $900.00 will be transferred into CD’s a little at a time. I’m waiting to see if the CD rates will change as we go each month. The 900 gets to earn a cruddy 1.65% since that’s what the current interest rate for their savings accounts are in the mean time. I may add another $500.00 into CD’s this year and only put 3500 into mutual funds depending on the market.

My Cal PERS money in my pension is a guaranteed 6% return and I’ll get that fun employer funded amount added into it in November so that amount can only go up.

The pennies from my years of minimum wage currently $1030.78 (that I get when I quit all forms of city employment) are out of my control and will be eaten up with inflation since it earns some ridiculous rate (like .05%). But again, each month a few pennies are added to the balance so it won’t drop.

Then there is my mandatory 401-A… currently worth 332.63. 1% of my paycheck is deposited into here and I recently changed the diversification. 30% goes to stable bond and money market values (that can’t loose money) and 70% goes into a target date 2040 retirement account. No idea how much I’ve put in here over the years… I may try to find out just for curiosity sake.

But when I add everything up, retirement wise I’m clearing over 17,000 at 22! For details, see my net worth IQ sidebar.