401k Milestone

by mapgirl on May 30, 2007

I broke $20K on my 401k balance this week. However, there is a small footnote to it. That is the full balance of all contributions, for which I am not fully vested. I am only 20% vested right now. When I hit the two year mark, I’ll be 60% vested. But either way, it’s still nice to see that number. Warms the cockles of my cold, cold heart. I’m about $1000.00 shy of having all my retirement account balances total up to $25,000.00.

I took a look a few weeks ago at some goals I have for my net worth and if I am work hard at paying down debt and saving, I could break $60K this year. But I have to be very diligent.

Now where is that course certification for tuition reimbursement? That sucker hasn’t arrived yet. It’s worth $3K to me.

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{ 5 comments… read them below or add one }

Flexo May 30, 2007 at 4:53 pm

When I became fully vested in my employer match (at 3 years), I thought, Great! Now if I leave, I won’t be throwing money away. Not long after, they provided all employees with a stock grant, which would be vested in March 2009 (only if the employee is still working there). Now I’ll have to stick around longer to avoid throwing money away……..

Kit May 30, 2007 at 5:55 pm

Woohoo! I did too, and just this week! Unfortunately (for me) I think I’m probably at least 15 years older than you! Still, it feels good. Also just upped my contribution to 11%. My goal is 15% within the next year.
And my 5.05% online savings continues to grow. . . Guess I’m a late bloomer.

English Major May 31, 2007 at 9:35 am

Congratulations!

I actually just posted about this, too–my retirement accounts (total) cracked $10,000 today!

mapgirl May 31, 2007 at 12:28 pm

Flexo – Boohoo! Golden handcuffs! ;-)

Kit – I’m a late retirement saver too! You can do it! I only worry about sustaining the effort…

English Major – YAY! Good on ya for making the milestone!

Kit June 1, 2007 at 12:05 pm

MG – question here. Just got my annual mortgage statement. Now paying $633.46 per month (YAH!) and my payment will go down to something like $623/month but if I make a payment of $72 to cover the shortage it will reduce to $617/month. Any opinions here? (And I do hope you are jealous!)

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