SB621
Ideal_Rock
- Joined
- Aug 25, 2009
- Messages
- 7,864
For anyone that wasn't around last year I started a post about how daunting it was to look at how much someone like me (late 20's/ early 30's) needs to save for retirment. We had some great insight so I would like to bring it up again to discuss since I found the PS community helpful. Even though it is slightly counterproductive to tell everyone to save more and spend less on a jewelry forum
[URL='https://www.pricescope.com/community/threads/on-track-to-save-for-retirement.186082/']https://www.pricescope.com/community/threads/on-track-to-save-for-retirement.186082/[/URL]
So from this thread I increased my 401k to almost maxing it out. I plan on maxing it out next year when both children are out of daycare and in Kindergarden. I'm well above what I need to stay on track from someone my age at the moment, mostly because I started my 4.1k at 20 years old with a company who matched 100% of what I put in there. Now I work for a different company that does 6% match. Looking through the last 10 years that company match REALLY adds up! However, when I look over my ROR (rate of return) over the last 12 months I'm disappointed to see only 6%. I haven't checked my DH's yet but now I'm curious to see what his is at. It seems low to me and I should probably look into redistributing my investment allocations. The market has been doing really well over the last 9 months + so that also makes me think 6% is pretty bad. I did a quick google and I couldn't find a solid answer on a ROR that was below, average or above.
So all of this leads me to my question:
What is a 'good' ROR?
What is a 'great' ROR?
[URL='https://www.pricescope.com/community/threads/on-track-to-save-for-retirement.186082/']https://www.pricescope.com/community/threads/on-track-to-save-for-retirement.186082/[/URL]
So from this thread I increased my 401k to almost maxing it out. I plan on maxing it out next year when both children are out of daycare and in Kindergarden. I'm well above what I need to stay on track from someone my age at the moment, mostly because I started my 4.1k at 20 years old with a company who matched 100% of what I put in there. Now I work for a different company that does 6% match. Looking through the last 10 years that company match REALLY adds up! However, when I look over my ROR (rate of return) over the last 12 months I'm disappointed to see only 6%. I haven't checked my DH's yet but now I'm curious to see what his is at. It seems low to me and I should probably look into redistributing my investment allocations. The market has been doing really well over the last 9 months + so that also makes me think 6% is pretty bad. I did a quick google and I couldn't find a solid answer on a ROR that was below, average or above.
So all of this leads me to my question:
What is a 'good' ROR?
What is a 'great' ROR?