People in tech in their 40s, much is your 401K balance after 2022 market crash? I am 45 and have a tiny 401K balance left π₯Ί
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Less then 100
How anyone has 1M?
Some combination of household 401k balance, really good matching, maxing out really early, or being able to take advantage of mega backdoor.
Any single person having 1M in 401k in their 40s is not realistic, even with great marching and maxing out early. If combined household thst would make more sense
I have more in bitcoin than my 401k
That's a bold strategy
You misspelled βhadβ
No voting if less than 40?
Less than 40 has more time to catch up, but feel free to vote if u r close to 40
No, not close
I bought heavily in the last year and itβs really exploded my balances by up 200k.
I'm 41. My 401K is 62k. Happy ?
No. I wish you improved prosperity and better fortunes soon.
Thank you so much
I did one lump sum with my bonus in January 2022 π
Ouch. I did something similar where I front-loaded my contributions by increasing my contribution rate at the beginning of the year until it maxed, then watched it decay in value for the next 8 months
30. 401k is 21k lmao
26 and my 401k is like 9k ππππ
See you in Senior Living in 35 years π
Less than 100
How much is your tiny $401K balance?
200K
Okay. Nothing to worry. Market will come back up in few years. Just continue to DCA. Anyway until you are 60, numbers you see in your 401k account doesn't mean anything.