This week, I received my quarterly statement for my 2 retirement accounts.
What I call my “Old TIAA Cref Account,” my original retirement account through my employer that no more money is going into, is at $17,962.27.
What I call my “New 403B Plan,” which my employer adopted and in which I still deposit funds bi-weekly is at $43,601.88.
Though I did not receive a recent update for my State University Retirement System (SURS), the last I looked, I had $93,000 in that account–w00hoo!
The grand total, $154,564.15, sounds great to me. My financial planner confirms that I’m “on the right track.” I have no idea, though, whether this is a good amount of money to have put aside at my age or not.
I’ll have to keep the number in mind as I continue to learn about retirement. I can say that if I were trying to save a million dollars–(which is 6.5 times my grand total)–what I’ve heard one needs to be able to us the 4% rule (living on 4% of your retirement funding each year), I have a ways to go!
Peace out (and in),
Leave a Comment
Pingback: How Much Money Do I Need to Retire? – Peace Out (and In) on July 15, 2016