Stocks and mutual funds took a sizable hit for October, but thanks to a month-end uptick, it didn't turn out as dismal as feared. I still have my newly SEP-converted cash sitting in a core fund which hardly receives any interest but at least it didn't lose value. Of course I'm trying to time getting into some funds at a low point, which could come after the election, or maybe not. Who knows, it's a gamble either way.
But I'm going to have to do it in the next few weeks regardless. Prospects for a 6-figure income this year are looking very good indeed, which is going to sock me in taxes if I don't get crafty and start making those contributions. I'm on track to put away over 10% for the first time. I know that's hardly enough for a decent retirement strategy, but I plan to move it up to 12% next year, and hopefully get an incremental pattern going. Hopefully. |