neo_sporin t1_j2byqsf wrote on December 31, 2022 at 2:57 AM

So we maxed both of our 401ks and IRAs this year, I laugh because our retirement funds have less funds than they did on 12/31 last year.

dequeued t1_j2cki64 wrote on December 31, 2022 at 6:08 AM

Congratulations. Try to think of it this way: each time you contribute, you own a higher percentage of most of the companies in those funds.

neo_sporin t1_j2cu4rv wrote on December 31, 2022 at 8:03 AM

I do. It’s just sad because my retirement spreadsheet says I’m further from retirement after 50k contributions

techcaleb t1_j2e5xcz wrote on December 31, 2022 at 4:26 PM

Interesting. I'm actually up slightly YoY. What is your asset allocation?

neo_sporin t1_j2ee9pv wrote on December 31, 2022 at 5:23 PM

Well take into account we have about 600k in retirement funds so the market being down by 20% is 120k lost which can’t be made up by a single year of contributions.

But mostly sp500, my wife is mostly in a 2055 target fund because while I track hers I let her control it and she’s just a set/forget type.

techcaleb t1_j2eflr7 wrote on December 31, 2022 at 5:32 PM

Gotcha, so mostly large cap growth. You might consider adding some small cap or small cap value, but honestly you'll probably be fine.

theulysses t1_j2f1nti wrote on December 31, 2022 at 8:02 PM

I put in 20% (roughly 20 grand per year) and my balance is also only slightly higher than 1 year ago. It may feel like that money is gone but I assure you it’s not.

neo_sporin t1_j2f2xz7 wrote on December 31, 2022 at 8:11 PM

Yea I know, it just makes my spreadsheets and countdown to retirement look sad, but I know progress is being made

theulysses t1_j2f4uwp wrote on December 31, 2022 at 8:25 PM

I feel that for sure. I took a major hit about 6 years ago because I had to take money out for a down payment on a house. Seeing it slowly crawl back up and even stall makes it seem like a terrible financial decision, but knowing how housing prices have gone in that time on the west coast and the major money it has saved us in monthly payment makes it feel so much better. Sometimes for a better view we need to back up and take in more. Sounds like you’re already doing that, and that you’re in a decent financial position.