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Cool Beans

December 31st, 2006 at 06:37 pm

Hi, everyone. I decided to check my retirement account online to see how it is doing. I don't check it very often, so I figured New Year's Eve would be the perfect time. I have only been contributing since July and already have $3432.36. Wow. I had no idea it would grow so much in only 6 months. At this rate of growth, I could have close to $10000 by the end of next year. I like this. We can just adjust how it is invested at any time, but we can't choose specific stocks, bonds, etc. I think I will let it ride another year and then open an IRA in 2008. While I love working in my library, I don't want to have to work when I am 70 or be living on food stamps and social security. I want to have fun and travel then.

3 Responses to “Cool Beans”

  1. janH Says:

    Congrats! Good news to kick off the new year!

  2. PRICEPLUS Says:

    When asked what the most powerful force in the universe was, Albert Einstein replied without hesitation, "compound interest"!

    Keep on saving in the New Year!

  3. baselle Says:

    Keep on keeping on, but remember to rebalance every so often.

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