magic of "compound interest". And why investing 10% of my salary 'till I
retire will give me (estimated!) 220% of my final salary per year after
retirement. ;^)
As for employer match - you hit the nail on the head there. My company will
reclaim its match if you leave the company before five years of service.
Jim Davis
From: Jeffry Houser [mailto:[EMAIL PROTECTED]
Sent: Wednesday, August 11, 2004 9:34 AM
The amount you make really depends on the type of investments you do (or
can do) with your 401K. I thought the average returns were ~10% yearly for
stock market investment over the long term. I think 401K automatically
re-invests your earnings, so...
$100 this year
$110 next year
$121 next year
$133 next year
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