3rd quarter Retirement overlook

The first 3 quarters of 2010 are over… so it’s time to look back at my retirement levels and see the “big picture” of how my finances are doing.

Retirement funds: Current 3rd quarter Balance $31,481.75 | 2010 Start: $26,529.33

Not looking at my pension or contributions I’ve made for the year ($4766.76 so far), my accounts have only grown $185.66 or 1.17% since the benchmark for 2010 hit. Over the last quarter I was able to make up the 1.53% loss and move it into the positive territory. I like to end the year with at least a 3% gain to beat inflation… ***crosses fingers***

Let’s look at those goals: Goals for 3rd quarter (July, August, and September)
Try and get the 457 account below 3% of my portfolio… it’s at 3.59% now
The account currently makes up 3.29% of my portfolio so we’re definitely moving in the right direction here. I’m hoping it will continue to fall below 3% of my portfolio•
Continue making $250.00 a month contributions to Roth IRA (July is extra Check Month and I’ll be adding my Annual $1,000.00 to my Roth IRA CD Account. Move Mutual Funds to Vanguard.
I dropped my extra $1,000.00 in and made my monthly $25.00 deposits. I transferred my funds out of Sharebuilder, and I decided to do CD’s and Savings accounts for the remainder of 2010, then I’ll open a new vanguard account in 2011.


401A Account:
• Benchmark Balance: $741.62 | Added $213.70 for the year 2010. Contributions stopped.
• 1st Quarter Balance: $866.40
• 2nd Quarter Balance: $892.50
• 3rd Quarter Balance: $928.35

457Account:
• Benchmark Balance, $1,032.80
• 1st Quarter Balance, $1,033.17
• 2nd Quarter Balance $1,033.82
• 3rd Quarter Balance $1,034.36
o I’ve gotten a measly 1.56 in interest this year

Roth IRA ING DIRECT:
• Benchmark Balance, $2,567.56
• 1st Quarter Balance, $2,585.80
• 2nd Quarter Balance, $2,604.21
• 3rd Quarter Balance, $17,560.59 (Rolled over Sharebuilder account)

Over all what have I learned?

Its transition time I as finish out 2010 with the goal of just matching inflation as I prepare to invest again in 2011.

Goals for 4th quarter (October, November, December)
• Try and get 457 account below 3% of my portfolio.
• Finish maxing out my Roth IRA for the year
• Hopefully have my whole portfolio grow at least 3% for the year to counter inflation.