Just a quick reminder, my employer does not offer any retirement benefits. I am currently saving for retirement in a Roth IRA and a taxable account. My goal is to contribute $10,500 to my retirement accounts for the year. I will give specific number updates in my quarterly update at the end of the month.
Anyways on to the point of this post, I'm getting so close to my next retirement milestone of $30,000 in my retirement accounts! I am at $29,364, but the market keeps dropping. Nevertheless, I was pleasantly surprised last week when I made my mid- month contribution and found the total to be just shy of $30,000. Overall $30,000 is so small, but so big in that I've never had that much money saved at one time before! I cannot wait to see the numbers at the end of the year.
Congratulations! You keep going! I am surprised your accounts are dropping - ours are up by leaps and bounds. I cannot wait to see your numbers at the end of the year either!
ReplyDeleteThank you! My plan is to have at least $100,000 by the time I turn 40. The dow has posted losses for 8 straight days in a row and I worry what my accounts look like!
DeleteCongrats! Keep at it!!! :D $30k is a pretty amazing number for doing it all alone, I think!
ReplyDeleteThank you! Definitely slow growing, but I plan to keep plugging along!
Deletewell done! its exciting when you get close to a milestone - but annoying waiting for the market to go up again
ReplyDeleteThank you! Yes, 8 days of losses for the DOW is a pain. Just need a slight uptick to push me over $30k. Definitely will be there by mid- July with my next contribution.
DeleteThe stock market is much like a roller coaster. You just need to ride it out. If you haven't read Retire Inspired by Chris Hogan, I strongly encourage you to do so. I think you are doing well!
ReplyDeleteThank you so much, I’m trying. That book is on my list to read- hopefully I will get to it soon.
DeleteYou are doing great. You will definitely meet your goals because you are focused.
ReplyDeleteThank you! It’s so hard to stay focused on a long term goal. But I did look back and Since last June I doubled the amount in my retirement account.
DeleteCongrats! At the rate you're going you'll reach your goal. Keep it up!
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