I tried to draft this from my kindle, but gave up because the text displays oddly when you are typing. Anyways, I wanted to give you all an update on my retirement savings for the year.
Early in 2017 I contributed $2,000 to my 2016 Roth in order to max out my 2016 contributions.
So far this year, I have contributed $4,382 to my Roth. I should be able to max out my 2017 contributions next month ($1,118 left to go!). My contributions for my 2017 Roth are below:
I plan to add $2,000 into a taxable account after I max out my Roth.
My Roth as of today is valued at about $16,931. A few days ago it was worth over $17,000! I hope today is a great day in the market, it would be a nice psychological boost going into the weekend.
Also, I have been those using those silly retirement calculators a lot and reading about how much money you should have saved for retirement by each age. I am supposed to have $171,000 saved for retirement by now. I have less than $17,000. Five years from now I am supposed to have $257,550 saved. I am already worried about making sure I have enough for retirement, but there is no way that I will reach those numbers. How much did you have saved for retirement at 35? 40? Are you worried that you won't have enough?