Last month, I stumbled upon Flexo’s May 2009 Investment Portfolio and it got me to thinking that it would be good to begin sharing where I have my money allocated (what little of it that actually is!). Kudos to Mr. Flexo at Consumerism Commentary for the inspiration!
For a little overview, I have been working at my current employer since July 2006 and have been participating in their company sponsored retirement plan ever since. The matching process provided by my company is as follows:
- They will match my contributions up to 4%
- They contribute an additional 10% of our annual salary, regardless of whether we participate in the plan.
- I contribute 4% total from my salary annually after taxes using Roth Basic contributions.
In total, I have 18% of my salary pumped into my retirement account annually. Not too bad but I always hoped to contribute the maximum possible, but right now is not for me to make such large paycheck deductions. As far as my fund allocation is concerned, I have the majority of my money invested in international stocks though the Vanguard International Growth Fund (VWIGX) and a smaller percentage in the Vanguard Balanced Index Fund Signal Shares (VBASX).
I wish I had more money allocated to open up a brokerage account at work, but it is just not feasible right now with the current financial situation I am in (I hate Sallie Mae), hopefully 2010 will be the year that I can make some serious moves!
Those are my investments (unimpressed eh?) and they probably will not be changing for a long time as I am the type to just let it sit and hold for a long time. Have some suggestions? Criticism? Let’s hear it!
2 Comments
As long as your contributing then its all good…right? Our company stopped matching to help their bottom line – I wonder how many people stopping participating it from that move.
I'm in the same boat though – I'd like to save more but gotta wait until things start to turn around.
18% of your salary is awesome! You should totally be proud of that sir. most people can't commit 3%.