The extremely tiny raise that they had been talking about around work finally came through. When I got back to work, there was a letter waiting for me notifying me of this. It means that I get about $54 more in my paycheck each month. I will put it towards the EF.
In another update, I also received the PIN number for my retirement account and I know know how much I have in there. It currently stands at $9061.54. It seems like a teeny-tiny amount when I think of retirement, but I am reminding myself that it was only started about two years ago, it will grow, and that this is in addition to a pension that I will have.
Tiny Raise
July 26th, 2013 at 12:04 am
July 26th, 2013 at 01:53 am 1374799998
July 26th, 2013 at 02:12 am 1374801136
To make the most of your retirement dollars, you should make a reasonable asset allocation plan and keep your costs as low as possible. "Asset allocation" just means how much in stocks, how much in bonds, etc. In stocks, you probably want to have US large, US small, and foreign. Inside your 401k, if you have a choice between several funds in the same category (i.e., US large), the cheaper fund is often the better choice.
Congrats on the raise. Any raise is a good raise.
July 26th, 2013 at 02:15 pm 1374844559
July 26th, 2013 at 05:14 pm 1374855298
Petunia - I don't know what my asset allocation plan is. I will look into it - I suspect that my employer may have invested it for me? I am not sure - I will check.
July 28th, 2013 at 01:11 am 1374970319
July 29th, 2013 at 02:45 am 1375062305