401k returns
- Thread starter Joshm
- Start date
DriveInDriveOut
Inordinately Right
The only number that matters this year is $19,000. No excuses.
Most people shouldn't check their account at all, it will just tempt them to do something stupid.
Most people shouldn't check their account at all, it will just tempt them to do something stupid.
LarryBird
Well-Known Member
The fees are pretty minimal as long as you "set it and forget it", to quote Ron Popeil, are they not?
I'm asking because I've never really kept a ton of track of them, outside of a cursory reading of the terms.
They are very minimal.
The fees are definitely minimal. Like $2.06/month. But when I first started out and wanted to do a very small percentage of my paycheck, I was maybe investing $20/month. And with the $2 fee, that’s 10% gone right off the bat. I’m glad the fee isn’t based on investment amount.
Just looked at some spreadsheets, since starting my investments in early 2014, the russell and sp400 has given me about 10% overall returns. I’m not exactly qualified to know or say if that percentage is moving with inflation, or not. But the whole scoop is not so great. 2018 was a rough year with mr. trump.
Fees right now account for about 1.7% away from my 10% gains. The personal performance gauge may actually say 1.7%, so keep those fees in mind.
Just looked at some spreadsheets, since starting my investments in early 2014, the russell and sp400 has given me about 10% overall returns. I’m not exactly qualified to know or say if that percentage is moving with inflation, or not. But the whole scoop is not so great. 2018 was a rough year with mr. trump.
Fees right now account for about 1.7% away from my 10% gains. The personal performance gauge may actually say 1.7%, so keep those fees in mind.
Brownslave688
You want a toe? I can get you a toe.
You know what happens when that crash comes...
I don't know where you are getting that number at. The fees are much lower than that.
Anyone can have a good return in a good market.....
The prudential transactions tab shows the fees as well as contributions. Literally $1.96 and $0.10 in fees each month.
————-
And bitcoin. Can one even really trade it out for true straight cash? I’ve never known of a debt collector to take bitcoin as payment. I think your buddy is lying. They call themselves millionaires but it all feels like it literally has no real world value.
That sounds high. I double check mine tom, I have a hard time reading the last column on my phone screen.
ManInBrown
Well-Known Member
What app is that? I only have the full site on my ipad. Is that a prudential iphone app?
barnyard
KTM rider
That was when I boosted my contributions. Near term, things appeared ugly. The reality is that there was a super sale on stocks. Buy low, sell high. When things crash, I pour as much dough as I can into my 401k.
And a breakdown of the $1.96 shows $0.98 going to/coming from each of my two investments. So who knows what type of total fee I’m incurring by having two allocations vs one. Or vs three or four.
I just remember making pennies and trying to be diligent. The fees weren’t quite making sense. But If you can invest $1,000/ month with a $2.06 fee vs investing $20 with the same fee, it makes sense to go all out.
Early on, my fees were matching or outdoing any gains, so I was seeing a 0% gain. I tell everyone in ups, 10-15% or it doesn’t matter.
Last edited:
The fee is based on your total balance. All funds no matter where you invest have fees.
The Driver
I drive.
100% agree. At the very minimum I’m doing $19,000 in the 401(k) and $6,000 in a Roth IRA for the year. May do a separate brokerage account in addition or concentrate on paying down a mortgage should I decide to buy this year.
Overpaid Union Thug
Well-Known Member
It’s the app from iTunes.
Overpaid Union Thug
Well-Known Member
When I still had an android phone I couldn’t take screenshots on my USAA Bank account either.
Same with Vanguard
