Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Milestone (sort of...)
Old 12-07-2012, 11:03 AM   #1
Recycles dryer sheets
Eyerishgold's Avatar
 
Join Date: Aug 2007
Posts: 222
Milestone (sort of...)

With the addition of recent funds into my traditional IRA, I now have over 100k in that account.

We've had well over 100k in investable assets for some time now but it's been spread out between various IRA's, both roth and traditional, taxable accounts and 401k's. So seeing 100k in 1 account is pretty exciting for me. It might seem like a petty thing to celebrate but it's nice to see 6 figures in one account!!
__________________

__________________
Rather go to bed without dinner than to rise in debt. - Benjamin Franklin
Eyerishgold is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-07-2012, 11:06 AM   #2
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
Quote:
Originally Posted by Eyerishgold View Post
With the addition of recent funds into my traditional IRA, I now have over 100k in that account.

We've had well over 100k in investable assets for some time now but it's been spread out between various IRA's, both roth and traditional, taxable accounts and 401k's. So seeing 100k in 1 account is pretty exciting for me. It might seem like a petty thing to celebrate but it's nice to see 6 figures in one account!!
So awesome!
__________________

__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 12-07-2012, 03:40 PM   #3
Recycles dryer sheets
 
Join Date: Dec 2012
Posts: 113
Congratulations!
__________________
azphx1972 is offline   Reply With Quote
Old 12-07-2012, 03:43 PM   #4
Full time employment: Posting here.
Koogie's Avatar
 
Join Date: Nov 2007
Location: GTA
Posts: 854
Congrats.. not petty at all. You're working hard toward your future.
__________________
"No one's interested in something you didn't do"
Tragically Hip - Wheat Kings
Koogie is offline   Reply With Quote
Old 12-10-2012, 06:14 PM   #5
Full time employment: Posting here.
 
Join Date: Jan 2007
Posts: 582
Super fun! Definitely worth celebrating
__________________

WM is offline   Reply With Quote
Old 12-10-2012, 06:54 PM   #6
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
It is NOT a petty thing at all. It's an important milestone.
To paraphrase - the first $100,000 is the hardest to make - the next one will come easier.

Congratulations - and here's to the next milestone!
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Old 12-11-2012, 05:14 AM   #7
Thinks s/he gets paid by the post
Milton's Avatar
 
Join Date: Apr 2007
Posts: 2,078
Quote:
Originally Posted by Eyerishgold
It might seem like a petty thing to celebrate but it's nice to see 6 figures in one account!!
Not at all. If you don't celebrate reaching such milestones and give yourself a pat on the back, it will be difficult to stay motivated on the road to FIRE.

Well done!
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
Milton is online now   Reply With Quote
Old 12-11-2012, 05:34 AM   #8
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,147
Well done.
__________________
Living an analog life in the Digital Age.
Gumby is online now   Reply With Quote
Old 12-11-2012, 06:47 AM   #9
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,465
Nothing petty about reaching a milestone. Nice!
__________________
MichaelB is offline   Reply With Quote
Old 12-11-2012, 07:26 AM   #10
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,869
Quote:
Originally Posted by Eyerishgold View Post
With the addition of recent funds into my traditional IRA, I now have over 100k in that account.

We've had well over 100k in investable assets for some time now but it's been spread out between various IRA's, both roth and traditional, taxable accounts and 401k's. So seeing 100k in 1 account is pretty exciting for me. It might seem like a petty thing to celebrate but it's nice to see 6 figures in one account!!
Congrats to you! I remember when I first hit the $100k mark in my taxable account back in 1997. This was in the boom market of the late 1990s so the growth in the account from dividends and cap gains (both realized and unrealized) was often quite large from month to month. I was also paying down my mortgage that year, so even when I dropped below $100k shortly after the first time I went over it, the balance soon went back over $100k due to the market and from my working full-time at the time.

Later in 1997 I also went over $100k in my 401(k) so I had another chance to LOL!

Next stop for you is $200k. Why stop now?
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote
Old 12-11-2012, 07:41 AM   #11
Thinks s/he gets paid by the post
David1961's Avatar
 
Join Date: Jul 2007
Posts: 1,076
Congratulations! There's nothing petty about this. I remember when I had my first account go over 100k. I even remember consciously calling it "0.1 million dollars". Even though that is the same as 100k, I liked the sound of having the word "million" in the amount! Every time you pass a milestone, it should motivate you more. Again, congratulations. You'd be surprised at how many people never reach this milestone.
__________________
David1961 is offline   Reply With Quote
Old 12-12-2012, 12:35 AM   #12
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Congratulations.
Quote:
Originally Posted by Eyerishgold View Post
With the addition of recent funds into my traditional IRA, I now have over 100k in that account.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 12-12-2012, 11:42 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,977
Definitely a milestone, congratulations. Now set your sights on the next milestones and knock them down one by one...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 12-12-2012, 06:17 PM   #14
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,354
Congrats! The milestones will go by at an increasing rate - someone once told me that investing was a marathon - not a sprint.
__________________

__________________
Ronstar is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 09:49 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.