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Started By
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401 Question
Posted on 1/19/10 at 9:18 pm
Posted on 1/19/10 at 9:18 pm
Opinion on my small 401K perforance for 2009. Started with 24K after the decline of the fall out Jan 1. I contribute 8k, employee contributes 3.5k, gained 7k. 21 percent return. I thought I had my money in a small safe return account, but 21% sounds good
2
Posted on 1/23/10 at 7:33 pm to pmac012
Nobody can shed any light on this. Need some imput.
Posted on 1/23/10 at 7:38 pm to pmac012
What exactly is your question?
Posted on 1/23/10 at 8:09 pm to Tigerpaw123
If you can average 10% over a long period you are in business.
Posted on 1/23/10 at 8:57 pm to agdoctor
I will be more specific. Started the year, Jan 1, 2009 through Dec 31,2009. Started the year with $26570.54 in my account. My contributions were $8076.27. Employer matched $2422.88. Change in market value $7276.01. Ending balance $44,345.70. Dividends and interest 4266.52. My return rate is 21.3%. What say you? Kinda new to this.
Posted on 1/23/10 at 9:06 pm to pmac012
So are you asking if you are contribiting the right amount, if so we need to know more about your situation
Are you asking if 21% is a good rate of return, generally yes, but this year was off the scale
Are you asking if 21% is a good rate of return, generally yes, but this year was off the scale
Posted on 1/24/10 at 1:40 pm to Tigerpaw123
I know about the contributions. I am putting in 10% and my employer matches the first 3%. My question was with those figures is the 21% return good? If so why was this past year off the scale?
Posted on 1/24/10 at 2:28 pm to pmac012
My wife's 401k was up 25.4% on the year, including a 3% match from her employer on what was a 45/55 equity/fixed income split for most of the year, it was 70/30 at one point. Depends on what you invested in and when, ie how much risk you were taking. My taxable brokerage was up > 50%, it depends in what and when you invested and/or sold.
Posted on 1/24/10 at 2:50 pm to pmac012
As others have said, 21% is indeed very good but US stocks did about that well overall in 2009 so this sounds about what I'd expect.
Just don't expect it every year.
Just don't expect it every year.
Posted on 1/24/10 at 3:07 pm to pmac012
quote:
If so why was this past year off the scale?
the stock market started the year really low, and made up ground really quick, hence the large returns, this will not happen very often(but hey if it does my retirement age will go down) look at the history of the fund you are in and see what the rate of return was for the past 10 years or so and that should give you a better outlook on the future
Posted on 1/25/10 at 10:53 am to pmac012
There are places you can put the extra 7% above what your employee is matching. Typically, the biggest benefit of 401k is the company match. Putting more than the match may result in losing some of your gains to taxes.
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