Last month was not a good month for my retirement savings. I lost about $1000 in my Roth IRA which was a significant amount considering I only had $5500 in there. I managed to increase my monthly income but only because I added $3000 to my savings last month. Increasing my monthly investment income from $32.01 to $41.34 was good though. Unfortunately I won’t be able to add a large amount to my retirement savings until sometime next year. I’m rethinking my investment strategy for retirement and I’ll share that strategy in a post later today.
Disclaimer:This is not my actual investment income. To get this figure I first add up my retirement accounts, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income.