Retirement Perspectives

My budget may be lost, but I was able to rebuild my niffty spread sheet based off my last blog post! HAHAHHA take that technology!

Since I’ll be par-taking in traffic school this weekend, an earlier installment of my Retirement Perspectives for you weekend viewing.

My Goal is the leave the workforce on my 55th birthday, 11,610 Days from now.

401 Account: Approximately 2.73 % of my portfolio
• $525.32 (Employer Paid 1% of Salary); $525.32 Worth
o Down 1.09% from inception, -$5.74
o Stable Value Money Market Accounts make up 33.20%
o Milestone 2040 makes up 66.80%

457 Account: Approximately 5.43% of my portfolio
• Employer Funded. Future Contributions Discontinued (minimal interest earned)
o Positive $1,031.84

ING DIRECT Roth IRA: Approximately 10.73% of my portfolio
• $2,000.00 Invested; Worth $2,038.95
o Up 1.91% from inception. Positive $38.95
o CD’s ranging from 1.5% to 4.5%.
o Current Average CD rate 3%

ShareBuilder Roth IRA Approximately 46.36% of my portfolio
• $10,000 Invested; Worth $8,813.68
o Down 11.86% since inception… Loss of -$1,186.32
o Strategic Allocation Moderate 92.20%
o Strategic Allocation Growth 6.70%
o Money Market Cash 1.10%

Excluding my Pension, my variable retirement accounts are worth $12,404.05. Of that I’ve only invested $12,000.00 of my money (the rest has been my employer). So technically I’ve made 3.367%. If I compare all the “free money” and my contributions (Totals $13,557.16), my portfolio is down 8.50% since inception.


Pension: Approximately 34.75% 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 every 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)

My entire portfolio (if I cashed my pension out today) is worth $19,009.60