Erasing Our Debt

Before I had written all of my goals for 2007, I was going over them in my head for about two weeks. One I had forgotten to put down in what was my post popular post was my goal to rollover my previous employer's 401(k). I am happy to say that I sent in my rollover form to them to request a check to send to my new 401(k) last Tuesday. I checked my online account for the old account and it shows that the funds have been withdrawn.
I didn't realize how much it had actually grown.
I didn't contribute to it very long but I personally contributed a little over $660. I received a match total of about $165. So that's about a total of $825 contributed within a year. My withdrawal was over $910. I'm not sure on the percentage of return, but that sounds pretty good to me.
A lot of people are scared to put money into their 401(k). This usually comes from them not knowing how it works or anything. I delayed my contributions by a year because of the same reason. I wish I hadn't.
At my current employer, I had an 8% return on my 401(k). That's pretty good. A guy in the office I just moved to had a 20% return. I've been listening to him about all the places we can put our money so hopefully I can increase my return.

Labels: 2007 goals, 401k