In this post, I’ll be sharing my Q4 2022 401(k) update.
My 401(k) is officially one year old as of January!
(Is it nerdy to celebrate that?)
I’m excited about this because it’s my first 401(k) ever and this is only the beginning of my contributions. (As I still have many more years to go lol)
I got my quarterly statement from my 401(k) provider at the beginning of this month, and my balance on December 31, 2022 was $3,791.
I’m currently contributing 5% of my bi-weekly paychecks to my 401(k), and a percentage of that (3%) is generously matched by my employer.
Right now I’m not planning on changing this, as my income hasn’t changed significantly since the start of this account.
In the future I hope to be able to contribute more as my income grows, and be able to max it out someday too!