I don't usually do a retirement update a few days after doing a retirement update, but I was checking the 401K to see if they had finally put in the contribution from the 1-6-23 paycheck. They used to be so good about it, it would be in that Friday or no later than the following Monday tops. If there was a Friday holiday or a Thursday holiday things would be delayed, but that was understandable. But things were back to normal. There's no excuse for a week long delay unless someone is on vacation, but DH said no one in payroll was. Oh, well, nothing I can do about it.
However, it had been deposited, but the balance was quite a bit more than would account for just DH's contribution and work's contribution, which is at the higher percentage now, so that's pretty awesome. Their contribution was $288.12, when it was something like $116 or $118 something before. Now the 18% on our part doesn't start until next Friday, so our contribution last week was still the same, $921.98, for a total contribution of $1210.10. It had risen an additional $821.29, so that account is up a total of $2031.39 in a couple of days. So the 401K is now at $80,612.97.
So I decided to check my IRA and that also went up substantially compared to how little it is in there. It is back above $12K at $12,013.39. I know it is not by much, but it has been a long time since I have seen it out of the 11's. When all this free fall started, it was just about to touch $14K so it has a long way to go to hit where it was and I'm not sure what is going on right now. Maybe it is the new Congress, maybe not. Things always seem to rise on new hope, at least for a while.
$80,612.97 401K Balance
+12,013.39 IRA Balance
$92,626.36 New Retirement Total
I am well pleased. The rate of return for both accounts YTD is approaching 5%. I hope that train keeps chugging up the hill and then hits flat land at 15 to 16%. I was getting that in 2016 to 2019 and in 2020 got 12% and even still got 10% in 2021. It was 2022 that just killed us. I know it is early yet, too early to be hopeful or excited, but if we can turn this disaster train that has wrecked the economy around, if there is even a little sparkle of hope, I'd like to grab onto it, even if it gets dashed out later.