We contributed $4,964.78 this month to our retirement accounts, and we lost $12,774.09 in investment value this month.
October was not a good time to be in the markets – but a great time to add money! We added a lot this month, and we’re at a relatively stable situation. The only variance in our contributions now is how much cash back we get on our Fidelity card as that goes straight into our taxable investment account. And I plan on getting quite a bit in the next month or so as I pay for wood and materials with my cash back credit card.
We’re on track to contribute our 70k this year. We have $6500 sitting in a savings account waiting on whether we put it into our Roths (the desired place) or our taxable account if we can’t contribute to our Roths. This year had a few too many changes in income and deductions that I’m not positive what our AGI will be (my back of the envelope calculation says we’ll be able to contribute to our Roths).
In 2016 we contributed $54,282.69 (77.55% of our goal of 70k), and gained $24,346.24 in investment value.