Saturday, August 8, 2009

Retirement Perspectives

My Goal is the leave the workforce on my 55th birthday, 11,595 Days from now.

** I’m not including the $2,000 in cash that I have sitting aside to Max out my Roth IRA for 2009. Until the money is deposited in there, it technically isn’t in there and therefore is not accounted for in this update.**

401 Account: Approximately 2.82 % of my portfolio• $538.21 (Employer Paid 1% of Salary); $546.67 Worth
o Up 1.57% from inception, +$8.46
o Stable Value Money Market Accounts make up 32.30%
o Milestone 2040 makes up 67.70%

457 Account: Approximately 5.33% of my portfolio• Employer Funded. Future Contributions Discontinued (minimal interest earned)
o Positive $1,031.95

ING DIRECT Roth IRA: Approximately 10.56% of my portfolio• $2,000.00 Invested; Worth $2,043.57
o Up 2.78% from inception. Positive $43.57
o CD’s ranging from 1.5% to 4.5%.
o Current Average CD rate 3%

ShareBuilder Roth IRA Approximately 47.17% of my portfolio• $10,000 Invested; Worth $9,131.09
o Down 8.69% since inception… Loss of -$868.91
o Strategic Allocation Moderate 93.30%
o Strategic Allocation Growth 6.70%
o Money Market Cash 0.0%

Excluding my Pension, my variable retirement accounts are worth $12,753.28. Of that I’ve only invested $12,000.00 of my money (the rest has been my employer). So technically I’ve made 6.27%. If I compare all the “free money” and my contributions (Totals $13,570.11), my portfolio is down 6.02% since inception.

Pension: Approximately 34.12% 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 $214.82 (July 31st, 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 49 more installments.
o 2009- Total Contributions $99.18 (July 31st, 2009)

My entire portfolio (if I cashed my pension out today) is worth $19,358.83

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