Retirement Perspectives

My Cal-PERS statement came online & the Market picked up!!!

My Goal is the leave the workforce on my 55th birthday, 11,497 Days from now...

401 Account: Approximately 2.68 % of my portfolio
• $642.30 (Employer Paid 1% of Salary); $682.93 Worth
o Up 6.3% from inception, +$40.63
o Stable Value Money Market Accounts make up 30.20%
o Milestone 2040 makes up 69.80%

457 Account: Approximately 4.05% 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 $1,032.59

ING DIRECT Roth IRA: Approximately 10.04% of my portfolio
• $2,500.00 Invested; Worth $2,560.95
o Up 2.43% from inception. Positive $60.95
o CD’s ranging from 1.65% to 4.5% (savings 1.30%).
o Current Average CD rate 2.91%

ShareBuilder Roth IRA Approximately 44.44% of my portfolio
• $11,500 Invested; Worth $11,329.50
o Down 1.48% since inception… Loss of -$170.50
o Strategic Allocation Moderate 97.30%
o Money Market Cash 2.70%
o I have 1,317.656 Shares
o For my account to break even, shares would have to be: $8.50
o Currently shares are worth:$8.37

Excluding my Pension, my variable retirement accounts are worth $15,605.97. Of that I’ve only invested $14,000 of my money (the rest has been my employer). So technically I’ve made 11.47%. If I compare all the “free money” and my contributions (Totals 15,674.89), my portfolio is DOWN 0.43 % since inception.


Pension: Approximately 38.79% 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- $421.92
 Total: $1,057.78 (November 6, 2009)

Account Cash Value as of 07.01.2008 $9,890.40

• 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 42 more installments.
o 2009- Total Contributions $330.60 (November 9th, 2009)

My entire portfolio (if I cashed my pension out today) is worth $25,496.37