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Subject:  Re: Poll: Did your 401k recover from the 2008 de Date:  12/27/2010  5:53 PM
Author:  JAFO31 Number:  67961 of 100389

madbrain: "Quicken is utterly useless at keeping tracking of gains because of all sorts of problems with employer plan changes, improper characterization of contributions, etc. So I keep track of everything in an Openoffice spreadsheet.

Year 2008 was particularly brutal for me :

Beginning balance 218277.76

Contributions 15500
Employer match 6238.7
Earnings -93392.74

Ending balance 146623.72

Rate of return -40.76"

I am not following your math in terms of Rate of return.

Also, how are you accounting for ongoing contributions by you and timing of employer match?

"2009 was much better, but not a full recovery.
Beginning balance 146623.72

Contributions 12575.73
Employer match 4657.27

Earnings 54405.46

Ending balance 218262.18

Rate of return +35.05"

Ditto. Plus how are you separating out earnings on 2008 contributions and employer match?

"2010 is not as good as 2009, also. . . . I realize there is still a week to go in 2010 and things can change, but hopefully not too much.

Beginning balance 218262.18

Contributions 16500
After-tax contributions 17422.33
Employer match 6318.9

Earnings 37506.22

Ending balance 296009.63

Rate of return +16.33

To summarize
2008 : -93392.74
2009 : +54405.46
2010 : +37506.22

So I still have $1481.06 to recover, ie. I recovered 98.4% of the losses, not accounting for inflation."

How are you separating out earnings on 2008 & 2009 contributions and employer match?

If you are not, then I strongly suspect that you have overestimated your recovery. (:<)

Subsequent earnings on contributions and employer match need to be separated how to accurately calculate recovery.

Regards, JAFO
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