Saturday, October 31, 2009

Retirement Perspectives

Of course, as soon as I do the three month perspective the market tanks and eats most of all of my gains… sad sad… but I’m in it for the long haul and that’s what matters. At least only one account is in the negative.

My next update will have a huge boost. My annual CalPERS statement becomes available the first week in Nov. so I’ll see a huge boost in my total retirement amounts. It will also skew the %’s of what my portfolio is made up of.

My Goal is the leave the workforce on my 55th birthday, 11,511 Days from now...

401 Account: Approximately 2.96 % of my portfolio
• $628.06 (Employer Paid 1% of Salary); $646.28 Worth
o Up 5.89% from inception, +$18.22
o Stable Value Money Market Accounts make up 31.40%
o Milestone 2040 makes up 68.70%

457 Account: Approximately 4.74% of my portfolio
• Employer Funded. Future Contributions Discontinued (minimal interest earned—like pennies)… I can’t wait till this makes up less the 1% of my portfolio…
o Positive $1,032.52

ING DIRECT Roth IRA: Approximately 11.72% of my portfolio• $2,500.00 Invested; Worth $2,555.58
o Up 2.22% from inception. Positive $55.58
o CD’s ranging from 1.65% to 4.5% (savings 1.30%).
o Current Average CD rate 2.91%

ShareBuilder Roth IRA Approximately 50.29% of my portfolio
• $11,500 Invested; Worth $10,965.60
o Down 4.64% since inception… Loss of -$534.40
o Strategic Allocation Moderate 95.40%
o Money Market Cash 5.30%
o I have 1,293.558 Shares
o For my account to break even, shares would have to be: $8.51
o currently shares are worth:$8.09

Excluding my Pension, my variable retirement accounts are worth $15,199.98. Of that I’ve only invested $14,000 of my money (the rest has been my employer). So technically I’ve made 8.57%. If I compare all the “free money” and my contributions (Totals 15,660.54), my portfolio is down 2.94% since inception.

Pension: Approximately 30.29% of my portfolio
If I quit tomorrow, I’d just have the cash in the account.
• Up until 2007, Employer paid all contributions. Jan 2007- July 2009 Employee’s contributed 1%. As of August 1st, 2009, employees contribute 2%:
o 2007- $299.74
o 2008- $336.12
o 2009- $393.44
 Total: $1,029.30 (October 23rd, 2009)

Account 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 43 more installments.
o 2009- Total Contributions $297.54 (October 23rd, 2009)

My entire portfolio (if I cashed my pension out today) is worth $21,805.53

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