Saturday, July 6, 2019
Retirement Savings Update
Just a quick update on my retirement savings for the year. I am behind, but I am surprisingly okay with it. Well okay may be too strong of a word. I'm not as upset about being behind on my contributions as I thought I would be. I just believe that I will hit my goal (or close there to) by the end of the year.
My contributions for 2019 are as follows:
1/15/19 - $1,000
2/18/19 - $500
3/15/19 - $800
4/15/19 - $1,100
5/15/19 - $750
6/15/19 - $443
All of these contributions have gone into my Roth.
I have achieved a milestone, my retirement account balances hit over $40,000!! My balance as of today is $40,852!!! My goal is to hit $50,000in total balances by the end of the year. I have $6,407 left to contribute to meet my goal of $11,000 in contributions for the year. I don't think the market will cooperate with my goal, but I just plan to get shoveling the money into my accounts. Each year I raise my contribution goal and I'm already thinking ahead for next year. I can't decide if I should raise it to $11,500 or $12,000. I'll probably go with $12,000...because why not??? The more money I put away the better. I don't want to look around at 55 and wonder how I will ever retirement.