The weekly update on how I plan to leave the workforce at 55… 11,616 Days From Now.
401 Account: Approximately 2.71 % of my portfolio• $525.32 (Employer Paid 1% of Salary); $506.68 Worth
o Down 3.55% from inception, -$18.64
Stable Value Money Market Accounts make up 34.90%
Milestone 2040 makes up 65.1%
457 Account: Approximately 5.51% of my portfolio• Employer Funded. Future Contributions Discontinued (minimal interest earned)
o Positive $1,031.79
ING DIRECT Roth IRA: Approximately 10.89% of my portfolio • $2,000.00 Invested; Worth $2,038.53
o Up 1.91% from inception. Positive $38.53
CD’s ranging from 1.5% to 4.5%.
Current Average CD rate 3%
ShareBuilder Roth IRA Approximately 45.63% of my portfolio • $10,000 Invested; Worth $8,544.25
o Down 14.56% since inception… Loss of -$1,455.75
Strategic Allocation Moderate 92.20%
Strategic Allocation Growth 6.60%
Money Market Cash 1.20%
Excluding my Pension, my variable retirement accounts are worth $12,121.25. Of that I’ve only invested $12,000.00 of my money (the rest has been my employer). So technically I’ve made 1.01%. If I compare all the “free money” and my contributions (Totals $13,557.11), my portfolio is down 10.59% since inception.
Pension: Approximately 35.27% of my portfolio
I’ll have my 5 years of service in July of 2010. If I quit tomorrow, I’d just have the cash in the account. New Statements Delivered in November
• Up until 2007, Employer paid all contributions.
• Jan 2007- July 2009 Employee’s contributed 1%
o 2007- Contributions $299.74
o 2008- Contributions $336.12
o 2009- Contributions $201.39 (July 17th, 2009)
• As of August 1st, 2009 – Current, Employee’s will now contribute 2% of income.
o Cash Value as of 07.01.2008 $6,605.55. • I’m ALSO buying additional time in my retirement accounts from when I was 16-18 years of age (service prior to membership). It’s less then a year’s worth of service credit, but I’ll be paying $33.06 for 50 more installments.
o 2009- Total Contributions $66.12 (July 17th, 2009)
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