Investment Accounts
Vanguard Roth IRA--- All in Target Date Accounts. I just dropped $1750 into the account today so that kind of skews the growth rate since that money hasn’t had time to do anything yet.
- Current Value $7,581.63
- Amount Invested: $7,250.00
- Grown 4.5% since inception.
- Current Value $19,764.83
- Amount Invested: $19,000.00
- Grown 4.2% since inception.
- Current Value: $60.50
- Amount Invested: $60.00
- Grown 0.8% since inception
- Current Value: $1,037.52
- Current Value: $1,061.09
- Amount Invested: $898.62
- Grown 18.07% since inception
Pension:
The cash value of my pension currently sits at $19,219.05 as of June 30, 2011. New statements are made available in October of every year, so I have to wait until then to see how much it has grown over this last fiscal year with contributions and interest. If I were to quit today I could take this money and run with it or let it sit in the account and earn an automatic 6% interest until I wanted to just take the cash and invest it (and pay taxes on it)… OR… since I've been with my company at least 5 years, I could leave it in there and pull a pension at 55.
If I quit my job today and left with the intension of drawing a pension at 55, I would get $8,154.51 a year for life until I die.
But realistically, I plan to continue working here and take a full retirement option at 55. Based on our options, SCB and I decided that Option 2W would work best for us. It basically means that I will get a certain amount of money each year and if I were to die before SCB, he would continue to get the same amount I we would have been receiving already… and if he dies first, my amount would continue to be the same. (we basically choose to take a bit more now, instead of having
So, if I retire on my 55th birthday, my annual pension in today's dollars would be $33,618.00 a year.
@ 56, its $34,373.00… @ 57 $35,079.00… @ 58 $35,816.00
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