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My 401k What does it mean!!

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My 401k What does it mean!!

Postby acsguitar » Thu Sep 07, 2006 2:34 pm

So I'm really not too good with finances.

Anyone care to decode what this means?

Thanks!

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Postby Mookie4ever » Thu Sep 07, 2006 2:37 pm

I think it means that you are broke.
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Re: My 401k What does it mean!!

Postby Coppermine » Thu Sep 07, 2006 2:39 pm

acsguitar wrote:So I'm really not too good with finances.

Anyone care to decode what this means?

Thanks!

Image


I have the exact same 401(k) from Principal. It's pretty confusing and their website is so dumb, it's impossible just find basic gains and losses.
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Postby The Artful Dodger » Thu Sep 07, 2006 2:46 pm

That reminds me of a crazy aunt I have who recently retired and said she's in line to reap $200k off of her 401k. The folks who handle her money must be gifted hedge fund investors then. :-[
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Re: My 401k What does it mean!!

Postby acsguitar » Thu Sep 07, 2006 2:48 pm

Coppermine wrote:
acsguitar wrote:So I'm really not too good with finances.

Anyone care to decode what this means?

Thanks!

Image


I have the exact same 401(k) from Principal. It's pretty confusing and their website is so dumb, it's impossible just find basic gains and losses.


Yea I basically have no idea what any of it means. I'm like ok I've made 1,000 this year just for putting my money in.. thats good i guess
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Postby j_d_mcnugent » Thu Sep 07, 2006 3:32 pm

looks like you've made $59.79 during whatever time period that is for.
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Postby acsguitar » Thu Sep 07, 2006 5:11 pm

j_d_mcnugent wrote:looks like you've made $59.79 during whatever time period that is for.


Well I can tell you that I've put in appr. 1700 and my account balance is appr. 2700.

My company matches half up to 10% of my contribution.

So I've made 59 dollars weee!!
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Postby Coppermine » Thu Sep 07, 2006 5:24 pm

acsguitar wrote:
j_d_mcnugent wrote:looks like you've made $59.79 during whatever time period that is for.


Well I can tell you that I've put in appr. 1700 and my account balance is appr. 2700.

My company matches half up to 10% of my contribution.

So I've made 59 dollars weee!!


My company matches 0... it SUCKS! I'm seriously considering pulling out of my worthless 401k and investing in a roth IRA or something.

401 is useless without some kind of match.
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Postby chadlincoln » Thu Sep 07, 2006 5:26 pm

Image
It looks like you have three different stock/funds in your portfolio. Working from left to right is

Name of the fund
What type of fund it is
Begining balance of the statement
How much $$$ you've put in
How much money you earned from the market going up or down
Expenses you've paid for having the account
Your ending balance (which will be your beginning balance on your next statement)
How many shares you have of each fund.

Hope that helps.
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Postby j_d_mcnugent » Thu Sep 07, 2006 5:30 pm

acsguitar wrote:
j_d_mcnugent wrote:looks like you've made $59.79 during whatever time period that is for.


Well I can tell you that I've put in appr. 1700 and my account balance is appr. 2700.

My company matches half up to 10% of my contribution.

So I've made 59 dollars weee!!


i think thats just for one month though. give it some time.

my company doesnt even have a 401k.
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