Rave-Unicorn-Votive t1_ja5xqcb wrote
The limit for 2022 was $20.5k not $22.5k but, aside from that, if you started the 401k last year and invested evenly throughout the year…ending the year even isn't outside the realm of possibility. My 401k had the same value on Friday that it did in Dec '21, with a year of max contributions and another $10k employer contributions.
MacAttack0711 t1_ja64ud6 wrote
Makes sense for sure, I guess I am doing alright, I just haven't seen much growth over the last 5 years I feel, so it worries me since I forever see 10% YoY as the golden rule for compound growth. Thanks for weighing in!
Rave-Unicorn-Votive t1_ja65zvo wrote
You should have definitely seen growth before Jan '21. If it was flat or down before that then you should investigate further.
Otherwise, a "fun" (in the dark sense of the word) game I play is to see the first time my 401k passed the current value. I've been running a steady 12-14 months behind for a while. :-/
When the market rebounds though, it's gonna be awesome! lol
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