I have been contributing to my retirement accounts since I started working after college. The first company I worked for does not have a 401k match, so I only contributed about 5-8% of my starting salary. After my company was bought, the new company provided a 50% match up to the first 6% of my salary. From that point on I have contributed the maximum into my 401k. The new company gave me two options for my old 401k, to withdraw all the money from the account or convert it to a Traditional IRA. I chose to convert the old 401k to a Traditional IRA.
When I learned about Roth IRA sometime in 2004, I opened an account and contributed what I can within the income limit. I have been contributing small amounts on and off for a few years now. Since the new company has both Traditional and Roth 401k, I have been splitting my 401K contributions between the two.
Last year my retirement accounts did not perform very well overall. I was lucky if they broke even. They reached a peak in mid year, but loss all the gains by the end of the year. With the two corrections late last year and early this year, I almost panicked since most of my investments are in stocks. I am glad the stock market bounced back at the end of the first quarter. I re-balanced my contributions in the 401k account so that a higher percentage is invested in bonds after the first correction. My goal is to increase bond investments up to 15%.
Lets take a look at how these accounts performed in Q1 this year and how much dividend they are getting.
|2016 Retirement Dividend YTD||$1,532.26|
Q1 Performance: up 3.09%
I am pretty happy with the performance, but I think I would like to make a little more dividends in these accounts. Some of the funds only distribute dividends every half year so I should see more dividends mid year. I am also very happy with the overall Q1 performance. A 3.09% increase in one quarter is nothing to sneeze at.