Retirement Savings -- Countup

[disneysteve]

There is an annual COLA.

Exactly. SS payment goes up every year adjusted for inflation. Of course, Medicare premiums also go up every year so sometimes that cancels out a big chunk of the SS increase.

[Randomsaver]

Awesome and thanks guys! That's what I thought but not quite certain. Would be terrible if the checks are fixed and everything else are going up.

[Randomsaver]

401K Retirement Savings: $ 247K (market down)
IRA Retirement Savings: $ 51K
Subtotal Retirement Savings: : $ 298K
Early Retirement Savings: $ 17K


My Forecasted Monthly Retirement Check Amounts, if to retire starting 2025 (actual withdrawal can only start in Jul of 2031):
401 : $ 1.2K
IRA : $ 0.3K
SS : $ 1.4K
Tot : $ 2.9K

[LivingAlmostLarge]

Sounds like it's good well.

[james.hendrickson]

Retirement $17,000.

Should be $21,000 when I get another deposit in there.

[james.hendrickson]

401K Retirement Savings: $ 247K (market down)
IRA Retirement Savings: $ 51K
Subtotal Retirement Savings: : $ 298K
Early Retirement Savings: $ 17K


My Forecasted Monthly Retirement Check Amounts, if to retire starting 2025 (actual withdrawal can only start in Jul of 2031):
401 : $ 1.2K
IRA : $ 0.3K
SS : $ 1.4K
Tot : $ 2.9K

Great work randomsaver!

[Randomsaver]

Retirement $17,000.

Should be $21,000 when I get another deposit in there.

That's great. Let's keep at it James! Only way to go is up!

[james.hendrickson]

That's great. Let's keep at it James! Only way to go is up!

Thanks Randomsaver, every little bit counts!

[james.hendrickson]

That's great. Let's keep at it James! Only way to go is up!

Mentally speaking - I'm shooting for 100k for an interim goal, I think I'll need a lot more capital, but its something to work towards.

[LivingAlmostLarge]

Should i talk about how mu roth IRA imploded the other year and I went from $250k to $110k now? Or should i think positively that since starting my business I now have $98,678 in my own solo 401k. I'm pretty stoked with 4 years of contributions 2021, 2022, 2023, and 2024!

Maxed out 4 years already. Made my contribution last week of $23k for 2024

[Randomsaver]

Should i talk about how mu roth IRA imploded the other year and I went from $250k to $110k now? Or should i think positively that since starting my business I now have $98,678 in my own solo 401k. I'm pretty stoked with 4 years of contributions 2021, 2022, 2023, and 2024!

Maxed out 4 years already. Made my contribution last week of $23k for 2024

Affirmative Thinking is the way to go, LAL. Don't want to think positive anymore as one does not want to be positive in areas like Covid and other illnesses, and also in many cases pregnancy. Affirmative is better. Affirming one's dreams. And on that note, affirm your success in your business, assets, and health.

[Randomsaver]

401K Retirement Savings: $ 240K (yikes, market continues down, all gains this year wiped out the past weeks; sell in MARCH and go away is the new norm?)
IRA Retirement Savings: $ 49K
Subtotal Retirement Savings: : $ 289K
Early Retirement Savings: $ 17K


My Forecasted Monthly Retirement Check Amounts, if to retire starting 2025 (actual withdrawal can only start in Jul of 2031):
401 : $ 1.2K
IRA : $ 0.3K
SS : $ 1.4K
Tot : $ 2.9K



Hoping for some recovery soon.

[james.hendrickson]

Retirement savings as of 4/27/2024.

$21,187.12. Gotta get on the ball.

[Randomsaver]

401K Retirement Savings: $ 248K (a bit of recovery but not near the highs)
IRA Retirement Savings: $ 51K
Subtotal Retirement Savings: : $ 289K
Early Retirement Savings: $ 19K


My Forecasted Monthly Retirement Check Amounts, if to retire starting 2025 (actual withdrawal can only start in Jul of 2031):
401 : $ 1.22K
IRA : $ 0.25K
SS : $ 1.47K
Tot : $ 2.94K

The mood is status quo and keep buying a few when mkt goes down.

[james.hendrickson]

Just threw another deposit into my Roth IRA. Bit by bit I'm building up the account.