Retirement Perspectives

The market rebounded a bit, but not enough to undo some of the damage. Over the next few weeks/months, i'll be selling my ING Strategic Allocation shares. I'm calling Vanguard on Monday to get more information about rolling my account over to them (WAYYYY lower fees, especally considering i'm a buy and hold kind of gal). I did buy more ARDVX with some of the $$$ i got when I sold $500 of ING. I've almost made up the $$$ I've lost on that one. Its only down $10.00

Work stuff is a little sketchy right now. Looks like were possibly getting our 401a contributions suspended and employees will be putting another 1% towards our pensions. (I'll know by July whats going on). It shouldn't affect take home pay as they are giving everyone a 1% raise because they really don't want to shrink people's paychecks right now, but this will save the city money in the long run.

End of 2009 Balance: $26,529.33 | Current 2010 Balance: $28,410.09
Additional Contributions since 2009: $2,157.16
Growth: $-276.40 (-1.74%)

401 Account: Approximately 3.11 % of my portfolio
• Contributions: $855.90 (Employer Paid 1% of Salary)
• Worth $883.67
o Up 3.24% from inception, +$27.77
o Milestone 2040 makes up 100%

457 Account: Approximately 3.64% of my portfolio
• Discontinued Employer funded plan (interest = pennies)… I get it when I quit… can’t invest it… can’t do anything with it.
o Positive $1,033.67

ING DIRECT Roth IRA: Approximately 9.16% of my portfolio
• $2,500.00 Invested| Worth $2,603.46
o Up 4.13% from inception. Positive $103.46
o CD’s ranging from 1.25% to 4.5%

ShareBuilder Roth IRA Approximately 43.99% of my portfolio
• $12,750 Invested | Worth $12,497.67
o DOWN 1.979% since inception… -252.33
o ING Strategic Allocation Moderate $11,308.54 | I have 1,385.85 Shares
o ARDVX 2040 $ 889.13 | 104.114 Shares
o Money Market Cash: $300.00
o Not deposited Contributions: $0.00

Pension: Approximately 40.10% of my portfolio
If I quit tomorrow, I’d just have the cash in the account (earning an automatic 6% until withdrawn).

Total: $11,391.57

• I’m currently buying additional time in my retirement accounts from when I was 16-18 years of age (service prior to membership). It’s less than a year’s worth of service credit, but I’ll be paying $33.06 for 27 more installments (made 25 payments out of 52).

My entire portfolio (if I cashed my pension out today) is worth $28,410.09