Roth IRA Goal Hit

At one point my Roth IRA was rocking and rolling and there was an abundance of money in there. Then last year I withdrew several thousand dollars for different purposes including a home purchase. That house purchase never happened but the money was used after I lost my job. My Roth IRA progress stopped abruptly and I dropped down below the $10k mark.

It’s been a struggle to get back to $10,000 in my Roth IRA.

This was so disheartening because I first hit $10,000 in 2012. To struggle to get back there hurt and made me regret taking money out. At the time it seemed like a good idea and I did need the money but realizing I’d made no progress in 2 years really stung.

When I started a new full time job this year I started contributing to my Roth IRA again. It was only $100 a paycheck but it was consistent. Slowly but surely the amount in the account started to grow again.

Today I finally hit the mark that I’d missed so much: $10,000!

Sure it’s not much. For most personal finance bloggers they’d laugh at this amount. But for me? It’s a huge accomplishment and I’m pretty proud of myself for getting back there despite a bunch of financial setbacks last year. I feel like I’m finally on my way again to some sort of future financial security.

I still love my Roth IRA and am glad to be making progress again with my retirement savings. It’s a nice feeling to be hitting the goals again. My next goal is $15,000 and I’m sure I’ll hit that some time in 2015.  Slow and steady is my new motto and plan.

If you haven’t opened a Roth IRA yet then I highly recommend you get started now! Progress can seem slow at times when contributing but it’s even slower if you never start. I recommend using Scottrade because they have a lot of great offers like $100 in Transfer Fees Refunded. No set-up fees. No Annual Fees. It’s super easy to get started and everyone I’ve encountered there has been super great and customer service focused.


  1. says

    Many congrats on getting back to 10k! I’d be happy to just get to 2.5k, really! I only contribute $35 every 2 weeks, and the market is so sluggish it hurts more than it helps… but it is my “out of sight, out of mind” account. I was totally excited when my 401k reached 10k, though!

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