We contributed $5,284.68 this month to our retirement accounts, and we gained $2,729.64 in investment value this month.
We gained in every account except my IRA this month. There’s a pretty hefty sum in an REIT mutual fund in that account, and it didn’t do so well this month. Oh well, that’s how the market works, and I much prefer to have a REIT than actual property!
I may delay setting aside money for the Roths until later in the year so that we can pay off our car faster. It’s 0% interest rate, but we’d prefer to get rid of the payment. And I’ll still be able to make my goal of 70k into our accounts by only putting aside about 3 months worth. That will have to be played by ear – I just want to get enough into Dad’s Roth account to get out of ETFs and into a mutual fund to have it 100% invested. We put a token $250 in for 2014 to just open the account, but we need 2500 to invest in the mutual fund I want (FSTMX). My Roth climbed over the 10k balance and the investment was transferred to the advantage class mutual fund earlier this year.
While trying to get the new house set up, we’re feeling the pinch of cash flow right now with a lot of money going towards retirement, but I keep reminding myself that it’s good for us and most of the house stuff can wait as well! (except the window blinds – we have huge windows, and we need our privacy and insulation!)
In 2015, so far, we’ve contributed $24,805.90 (35.44% of our goal of 70k), and we’ve gained $14216.4 in investment value (59.54% of our planned total).