With the election out of the way (pretty much) and news of a COVID vaccine, the markets have been doing pretty well.
A couple things happened this month to increase our deposits. Aside from the pay increase I mentioned last month, our increase to 10% in my work 401k took affect on my last check and I received an annual bonus.
In an effort to fully fund our Roths for the year, we split the bonus between our 2 Roth accounts. We likely wont’ be able to fully fund them for 2020 because we got a late start by opening them in April, but we are closer than we were.
Maybe with my increase in pay we can do make up contributions in the early part of next year and continue to use that increase to fully fund them for 2021. We’ll see. My last check was our first view of what our new take home will be, but Christy and I are so engrossed with the kitchen we haven’t had time to think about it.
I was a little nervous about dumping that lump sum from my bonus into the market the weekend before the election, but it turned out to be the right move. The Dow Jones has gone up over 2000 points since then.
In all, we had growth of $3,388 this past month. I’ll take it.
| Investment | Deposit | Balance | Growth |
| Work 401k | $2,289 | $82,978 | $2,703 |
| Roth IRAs | $5,500 | $10,821 | $685 |