Retirement Update

It's been a while since we have logged in to our retirement savings and taken an honest look at the numbers.

We have been contributing on autopilot through our work accounts and to my pension, but now that January is here, we can look at some real numbers and figures for a snap shot.






Hubs 401k - 2016 Beginning Balance - $6,002.60 | Ending Balance $10,568.39

• Contributions: $2,773.47
• Employer Match: $1,065.16
• Fees: $-7.07
• Change in Market Value: +$734.22 | 8% Rate of Return

Hubs Roth IRA:

• Balance: $6,481.20 | Rate of Return 8.85%

My 457 - 2016 Beginning Balance - $1,887.68 | Ending Balance $2,991.66

• Contributions: $960.00
• Fees: -$0.37
• Change in market value: +$144.35 | 6.7% Rate of Return

My 401a - 2016 Beginning Balance - $1,447.76 | Ending Balance: $2,482.16

• Employer Match: $900.00
• Change in Market Value: +$134.40 | 8% Rate of Return

My Roth IRA: 

• Balance: $47,477.71 | Rate of Return 8.73%

Total: $70,001.12

Pension: Cash out Balance: $49,361.05

• Formula 2.75% @ 55 years / 12.516 years of service
• Annual Pension if I quit today: $17,704.58 a year 
• Annual Pension if I quit at 55 and don't receive a pay raise ever (so using today's dollars): $45,480.00 - $51,276.00 depending on which option I choose.