Goal #1 of 2009 is right on schedule. I am on track to max out the Roth IRA by the end of next week with $500 fom the upcoming paycheck. Currently, my contribution stands at $4,500, partially thanks a small bonus I received at work.
Maxing out the Roth every year is probably one of my proudest financial achievements. Since I’ve started a Roth IRA, I’ve contributed $17,500. $4,000 in 2006 and 2007, $5,000 in 2008, and $4,500 (soon to be $5,000) in 2009.
But is the current value of the Roth IRA anywhere near that figure? Noooooo. Nope. Not a chance in hell. My Roth is worth about 70% of what I put in. That’s all money I saved, dollar by dollar. So, OUCH.
At least the shares are cheap right now.