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[–] 2 points 1 year ago (2 children)

I don't know about the other stuff, but I had a job from late 2021 to early-mid 2023. By the time I left the job, the net contributions over about 18 months were $9,992.78, and the balance was $10,340.83.

From the 2nd through the 11th month, the balance was literally less than net contributions.

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  • [–] 1 point 1 year ago (1 child)

    18 months is very short for a 401k. They usually say to start looking to move the money out of the volatile market and in to stable investments 5 to 10 years before you need it so that you can avoid short term down markets and maybe catch some high spikes.

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  • [–] 1 point 1 year ago

    You said:

    How did your 401k lose more than gained. That would basically be fraud. Just doesn't work that way.

    So I said, with additional detail:

    My 401k sat at less than net contributions for 10 months in a row.

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