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How Much Did Your 401(k) Lose This Year?

By Erik Folgate

I don’t like to dwell on the past, but I was curious how much you all lost in your 401(k) this year. Obviously, this is personal information, so you can share with us the percentage lost rather than an actual dollar amount. My money was pulled out at the end of October, because I left the company that held my 401(k). I decided to roll it into an IRA, rather than keep it there. Just in September and October, my account lost about 30 to 35% of its value! That’s pretty depressing, but I found solace in the fact that much of that money was matched contributions from my company.

So, was yours worse or better than 30%?

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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Comments

  • http://cashmoneylife.com Patrick

    Worse, I think. I haven’t looked in awhile, but I would be surprised if it was less than 40%. While that sucks, I have about 30 more years before retirement, so I should be OK.

  • Casey

    Mine only went down 17% last quarter.

  • http://www.moolanomy.com/ Pinyo

    At it’s worse…about 50%.

  • ekrabs

    Mine is “moderately aggressive”, and it bottomed out at around 40% in paper loss.

  • JEM

    38%

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