Thursday, February 28, 2008
Timing and Large 401k Contributions
Yesterday, my employer made its profit sharing 401k contribution for the year. At 3% of my salary, it was a nice chunk of change. Unfortunately, they made the entire contribution yesterday when the market was up instead of today when it was down. While a 1% difference in the initial investment value may not seem huge, over time it could add up to a nice chunck of change. Such is life!!!