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End of Year Retirement Update

January 1st, 2020 at 12:21 pm

Our retirement accounts went up $565.58 since I last checked them which was on payday, I think. Just wanted to know how we closed out the year. After a year and a half of throwing 5% at the 401K to get the free matching we have done pretty well. And we'll be able to bump that to 7% in another 6 months or so, and once there that pretty much leaves us in a great place for taxes, assuming no one plays games with the tax code again or I don't finish my book and sell it this year.

$16,678.57 401K
+_9,822.00 IRA
---------------
$26,500.57 Total Retirement Balance

I guess it actually went down some Monday according to DH, but it all came back and left friends behind. I am glad we have made so much progress on building for retirement. We are so far behind, but we do need to get caught up as soon as we can manage it. That and save, save, save money.

3 Responses to “End of Year Retirement Update”

  1. creditcardfree Says:
    1577886642

    You picked a great year to get started in the market with your retirement savings. Keep up the great work!

  2. terri77 Says:
    1577888308

    Good job at contributing enough for the full match!

  3. Jenn Says:
    1577935140

    Nice!

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