Retirement Account Progress
It's been a while since I posted my retirement account progress, so here's a quick status update on the balances of my various investment accounts:
University DCP: $1078.34
University 403(b): $882.35
Roth IRA: $2792.62
Taxable Account: $107.43
Grand Total: $4860.74
Not too shabby, I'd say, for just having become an investor in January of 2007. Looking at this total, it is easy to see the power of regular saving and investing. At the beginning of this calendar year I had nothing to my name except my meager checking account balance, and now I am well on my way of reaching my investment goal of $1.3 Million by the time I hit retirement.
Keep in mind that the above total only includes my own personal retirement savings and does not take into account my wife's 401(k) balances. The real total is quite a bit higher, but I like to keep my estimates modest; that way I will be pleasantly surprised, when retirement rolls around, exactly how well off we will be.
