Friday, May 29, 2009

401(k) Surpasses Merrill Lynch

Friday marked the first time my 401(k) account was worth more than my Merrill Lynch investment account. Before the recession, this was a milestone I wasn't expecting to happen for another couple of years yet. Since my Merrill account has been halved by the economic downturn, though, my regular 401(k) contributions have a larger relative effect. Of course my 401(k) was halved, too - I don't mean to badmouth Merrill Lynch.

There's nothing more to say on this topic, really. I just found it interesting how the economy tanking altered my various accounts relative value. For example, my Roth IRA is not roughly half of my Merrill or 401(k) account, which is far higher than originally projected. Fun times!

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