I didn’t realize it last month, but we broke the $100,000 mark in our retirement savings. That’s a great milestone. I can’t wait to hit the next milestone – $200,000.
As I stated last month, we were able to max out both of our Roth IRAs with the help of my bonus and our savings.
In October I wrote that we haven’t made any decisions on what we would be doing with my annual pay increase. We decided to take money from that and start fully funding our Roth IRAs, instead of depending on bonuses or trying to make it up with money from savings at the end of the year.
We aren’t fully maxing out our retirement because we are not hitting the maximum contribution for my work 401k, but all together we are putting in 20% of our household income. That’s pretty good.
Here are the recent #s.
| Investment | Deposit | Balance | Growth |
| Work 401k | $1,213 | $93,038 | $2,225 |
| Roth IRAs | $2,625 | $15,980 | $1,294 |