Serious retirement savings question…
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That’s weird… My 401K has an app that shows in a glance your balance, rate of return, recent transactions, and estimated retirement income including SS at retirement… I give it a quick check once a month or so… Last month I noticed that the balance went up, the rate of return went up, but the estimated annual income went down. I wasn’t sure, so I screenshot it… I just checked for this month. The balance is higher again, the rate of return is up .26%, and the estimated annual income is down $1100 per year.
Any thoughts, @jon-nyc ?
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Figured out the oddity... The app was set up to show the annualized return over a three year period. Three years ago the stock market was having it's COVID spasms and was all over the place...
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