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12-07-2012, 10:03 AM
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#1
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Recycles dryer sheets
Join Date: Aug 2007
Posts: 224
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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!!
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Rather go to bed without dinner than to rise in debt. - Benjamin Franklin
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12-07-2012, 10:06 AM
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#2
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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 Quote:
Originally Posted by Eyerishgold
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
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12-07-2012, 02:40 PM
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#3
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Recycles dryer sheets
Join Date: Dec 2012
Posts: 113
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Congratulations!
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12-07-2012, 02:43 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Location: GTA
Posts: 1,728
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Congrats.. not petty at all. You're working hard toward your future.
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Family Motto: "Every penny's a prisoner"
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12-10-2012, 05:14 PM
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#5
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Full time employment: Posting here.
Join Date: Jan 2007
Posts: 582
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Super fun! Definitely worth celebrating
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12-10-2012, 05:54 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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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!
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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12-11-2012, 04:14 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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Quote:
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Originally Posted by Eyerishgold
It might seem like a petty thing to celebrate but it's nice to see 6 figures in one account!!
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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)
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12-11-2012, 04:34 AM
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#8
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Administrator
Join Date: Apr 2006
Posts: 23,038
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Well done.
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Living an analog life in the Digital Age.
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12-11-2012, 05:47 AM
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#9
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,715
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Nothing petty about reaching a milestone. Nice!
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12-11-2012, 06:26 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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Quote:
Originally Posted by Eyerishgold
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!"
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12-11-2012, 06:41 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 1,085
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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.
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12-11-2012, 11:35 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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__________________
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.
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12-12-2012, 10:42 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
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Definitely a milestone, congratulations. Now set your sights on the next milestones and knock them down one by one...
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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: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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12-12-2012, 05:17 PM
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#14
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,600
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Congrats! The milestones will go by at an increasing rate - someone once told me that investing was a marathon - not a sprint.
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