Since, starting with the new company, I have invested $333.88 in my retirement account. Yesterday, I logged into my account before going to bed, to see what kind of hit I have taken with the current down turn in the market. The answer, I have lost $35.27, leaving me a current balance of $298.61.
What, will happen to my account today? Who knows. Since, I actually wrote this at 11 pm Wednesday, and posting it at 5 pm Thursday, I have no idea, if the market will drop further, or if the market will rebound. Of course, I hope for the later, but as I said in my 8am post, Don't Panic, I'm not going to worry about it.
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go ahead share your thoughts with me now.
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My retirement savings are $0, but I am debt free, except last months electric bill (it was higher than I expected, so I only paid half.)
ReplyDeleteI hope that when I am 30 (in a little over a year), I will start saving for retirement.
Actually, I think I will start saving $5 a month from now on, even I can do that, after I pay off my electric bill.
Thanks for the motivation! -Becky
It's pointless to look at retirement investments in the short term. What matters is where they are 20-30 years from now or however long you have to go. I mean, as long as you in something that makes sense.
ReplyDeleteI started an IRA when I was 19, but I have not kept up with it. Like becky r., I will be 30 in a year and I have a lot of catching up to do. When you look at the compound interest calculators and see how much potential retirement you lose every year you put it off- ouch.
I also only paid half my electric bill last month and am waiting on a check to clear right now to pay the rest, lol.