April ’10 Update

It has been a beautiful weekend here in the south east. I was able to get a lot of work done in the yard and catch a couple of great tennis matches. I ended the weekend on a super high note by working out the math on my Net Worth update. This is the first time I have ever done the calculation with a giant goose egg in the debt column!! With an increase of over $14,000.00 we are well on our way to reaching the $100k mark then upwards and onwards to $1,000,000.00.

Assets
Cash Savings$18,809.00+$782.00
IRA$10,459.00+$500.00
Roth IRA$3,592.00+$181.00
401k$53,136.00+$3,724.00
Other Investments$153.00+$6.00
$86,149.00
Liabilities
Credit Cards$0.00-$1,584.00
Student Loans$0.00-$7,824.00
$0.00
Net Worth$86,149+$14,601.00

{ 3 comments… read them below or add one }

1 Stephen April 6, 2010 at 8:13 pm

Just curious…why do you have both an IRA and a Roth IRA? I’m assuming you also have the 401K only because your employer matches?
.-= Stephen´s last blog ..Four Important Way to Build Your Network =-.

Reply

2 Kyle April 7, 2010 at 10:13 pm

The IRA is from a 401k Rollover my wife did after she left her last job. Her current employer doesn’t do matching so we contribute to her ROTH IRA. I contribute to my 401k because they do matching and I can contribute tax free on the front end. You made it sound like this is a weird thing to have but to me it seems like it would be a pretty common scenario.

Reply

3 James April 7, 2010 at 5:22 pm

the way i look at it you definitely don’t need just one 401K or IRA or Roth IRA. people talk about tax breaks bu at the end of the day your mix of investments is better than just one account

personally i have stocks, 401k, a Janus account, an American century account, some mutual funds, an ing account and standard bank account.

there are times i wish i was not all over the place but being all over the place is better than being no place at all.

Reply

Leave a Comment

Previous post:

Next post: