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Home > March Net Worth Madness!

March Net Worth Madness!

March 31st, 2009 at 03:46 pm

I thought I'd use a "catchy" title this time since the results are sadly much more pedestrian....

My net worth this month is up, but barely crawled on by. The reason?

For one, I lost a little bit on the stock trading. Not much, but every little bit counts.

A much bigger loss is from transferring my old 401(k) out to my new rollover IRA. Yes, it's finally complete as of... well, just this morning! Big Grin Actually, that's the good news, because I really didn't like my old 401(k) at all.

The bad news is that the loss came from losing some of the vested money due to my employer change.... I suppose this part can't be helped, but it still affected this month's bottom line.

Fortunately, the losses appear to be covered by the combination from rebuilding my cash reserve and last month's overall market performance.

On a separate note, my old 401(k) mailed me a check to give to Scottrade (where my rollover IRA is). Is that normal? I would think it'd make more sense if they would mail the check directly to Scottrade instead?

3 Responses to “March Net Worth Madness!”

  1. Ima saver Says:
    1238517826

    I hope so. My net worth has gone done a lot this year too.

  2. creditcardfree Says:
    1238526719

    I've seen rollover IRA checks go both ways. It is made out to Scottrade FBO of You right? Just send it in with your SSN or account number, if you know it. As long as it is for the full amount (no withholding) then it won't be a taxable event, which is what you want.

  3. PauletteGoddard Says:
    1238547163

    Hey yours is up, and not every one can claim that! I'm down 4% from last month.

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