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Retirement Just Went Back Up and We Hit a Milestone

August 29th, 2019 at 08:50 pm

I know I shouldn't be checking it this often, but this was DH checking it, not me. Both the 401K and the IRA jumped substantially today and we hit over $20K! The IRA hasn't recovered completely, but it gained back $95 of the $123 it lost. The 401K never lost anything, though its growth had slowed. Hopefully we'll see some more leaps in the next couple of weeks. I will not check it again for that long, but DH probably will. I don't need the stress of checking it weekly or daily.

$11,270.42 401K
+_8,857.42 IRA
------------
$20,127.80 Total Retirement

8 Responses to “Retirement Just Went Back Up and We Hit a Milestone”

  1. Jane Says:

    Nice milestone!

  2. Sue Says:

    I check ours once - at the end of the year...otherwise I would drive myself insane.

  3. Jenn Says:

    Congratulations! I'm guilty of checking frequently as well, but I don't take action. Sometimes it's good to see the stash for the future me as a reminder of why I may be restricting some things now.

  4. Creditcardfree Says:

    I check ours about once a month, sometimes more, sometimes less. I have a spreadsheet that I have used since 2003 to track balance. It is amazing what we have accomplished in 16 years. I think when I started tracking, we had $25K. Congratulations on your milestone!!

  5. fireandi Says:

    Nice job! Congratulations on the milestone. It's hard not to keep checking. Checking my financial snapshots is part of my morning routine now even if nothing has changed in the span of a day. :-)

  6. Dido Says:

    Milestones are nice, and motivating. But the markets are so variable--my rule is that I check frequently when they are up, but when I know they are going down, I limit my checking. I do update my personal balance sheet monthly, so I'll check at least that often, but I try to avoid the feeling of demoralization when things are tanking and I just keep in mind that a down market is a buying opportunity if you have excess cash to invest (it's like stocks are on sale), and that it's important to stay in the market because the biggest gains come unexpectedly, and missing just a few days of big gains can really tank your overall return, so make sure your allocation is appropriate and stay the course.

  7. rob62521 Says:

    Good news indeed!

  8. FrugalTexan75 Says:

    I generally try to only check once a quarter, although when I've seen the markets go up, I might sneak a peak. My strategy doesn't change base on the market. The same amount is invested every month - some months for a sale price! Smile

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