Thursday, June 09, 2005

My Retirement Portfolio

I was just checking out the Smart Money web site and they had a nice article on the Roth 401k's. Beginning next year, some employers will start offering the Roth 401k plan. Here's the Smart Money link: I hope my employer offers the plan. I'll definitely take advantage of it!

It really is amazing how compounding works, especially if your employer provides a company match. I've been working for the company for 7+ years. I enrolled in the 401k plan on my very first day of employment and elected the maximum contribution of 18%. Yeah it hurts, but after a while you don't even notice it. Seven years later, even with the 2000-2003 bear market encounter, the portfolio has appreciated nicely.

Here's the current break down of my 401k portfolio. The S&P 500 is a small percentage because I just started contributing to the fund.
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