Saturday, September 19, 2009

Retirement Perspectives

My Goal is the leave the workforce on my 55th birthday, 11,560 Days from now.

** I’m not including the $1,300 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 2.96 % of my portfolio• $579.04 (Employer Paid 1% of Salary); $612.21 Worth
o Up 5.72% from inception, +$33.17
o Stable Value Money Market Accounts make up 31.40%
o Milestone 2040 makes up 68.60%

457 Account: Approximately 5.00% of my portfolio• Employer Funded. Future Contributions Discontinued (minimal interest earned—like pennies)
o Positive $1,032.27

ING DIRECT Roth IRA: Approximately 11.38% of my portfolio
• $2,300.00 Invested; Worth $2,349.25
o Up 2.14% from inception. Positive $49.25
o CD’s ranging from 1.65% to 4.5%.
o Current Average CD rate 2.94%

ShareBuilder Roth IRA Approximately 48.67% of my portfolio• $10,400 Invested; Worth $10,051.56
o Down 3.35% since inception… Loss of -$348.44
o Strategic Allocation Moderate 93.50%
o Strategic Allocation Growth 6.50%
o Money Market Cash 0.0%

Excluding my Pension, my variable retirement accounts are worth $14,045.29. Of that I’ve only invested $12,700.00 of my money (the rest has been my employer). So technically I’ve made 10.59%. If I compare all the “free money” and my contributions (Totals $14,311.31), my portfolio is down 1.85% since inception.

Pension: Approximately 31.99% 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 –Employee’s will now contribute 2% of income.
o 2009-Contrbutions $80.58 (September 11th, 2009)
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 46 more installments.
o 2009- Total Contributions $198.36 (September 11th, 2009)

My entire portfolio (if I cashed my pension out today) is worth $20,650.84

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