What is the Real Rate of Return in Your 401k
Do you calculate the actual rate of return or effective yield of your 401k at the end of each year?
Most of us have been told to go to work for a company, put in your years and during that time make sure that you contribute towards your 401k.
If you are lucky your company will match a certain part of your contribution and then you should be set for retirement as we all know that it is easy to get a 8% average rate of return. At least that is what we are told.
But what is the Real Rate of Return in your 401k? Watch the video below to learn more about what needs to go into the calculation of your Rate of Retun other than the Average of the investment you are in that year. This is a BIG DEAL!.
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We always like to ask our clients, If something you thought to be true about money was not, when would you want to know about it?