Entries in retirement (3)

Sunday
08Mar2009

Net Worth Update - February 2009

DateSun, March 8, 2009

Here's the DH net worth update for February 2009:

February was a slow cold month.  And some of that rubbed off on my finances.  My investments took a VERY big hit, but as I mentioned before, I'm quite alright with that. 

You'll also see quite a jump in our vehicle assets.  No, we didn't add a widescreen TV to one of our cars.  Instead, I went back through Kelley Blue Book to revalue our cars.  This is something I typically do once every few months.  There tends to be a gap because I take an aggressive depreciation on these assets on a monthly basis.

Here's to hoping for a stronger March!

 

 

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by Authorkeith tagged , , , , , in
Monday
23Feb2009

Top 10 Worst Financial Habits

DateMon, February 23, 2009

Some of these are common sense, but often we still fail to avoid them anyway.  I found it to be a good reminder, so I thought I'd post it here for everyone else.

The biggest one for me?

6. Missing Payments - It’s one thing to not have the money to pay; it’s another to forget to pay. Dumb, Dumb and Dumb!

 

[Source: thetruthofcredit.com]

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by Authorkeith tagged , , , , , , , in
Friday
13Feb2009

My Retirement Is Way Down And I Couldn't Be Happier

DateFri, February 13, 2009

As of January, my retirement (a mixture of pre, and post tax funds, with the most recent contributions funding as a Roth 401k) is WAAAAY down.  It's down around 30% since the end of 2007.  And yet, I couldn't be happier.

Why? I'm getting a fantastic 30% off sale on all my recent, current, and near future contributions.  If there were ever a time that I'd want my retirement funds to drop way down, it's in my 20s - 30s.  I'm very excited for the next 5 - 10 years when my funds rebound.  I should see some very considerable gains in a relatively short period.

With that being said, my parents (and Dad in particular) have quite the opposite take on the recent drops understandably.  While my dad retired a few years ago, he has not yet started pulling money out of his retirement funds.  Thankfully, they're in a position that they don't *NEED* to just yet, because the drop in funds for retirement-age folks can prove to be quite tragic.  But still, they're both quite worried about how long it'll take to get the market back up to where it was so they can start to get at their money.

However, for those of you that are well away from retirement.. be happy your retirement funds are tanking - it'll be better for you in the long run.

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by Authorkeith tagged , , in