2016 Postmortem
In reply to the discussion: My 401K is up 711%. It dropped in value 67% under Bush -updated 1/20/2015- [View all]mikekohr
(2,312 posts)Last edited Mon Sep 30, 2013, 10:48 AM - Edit history (2)
My contributions have increased because my hours have substantially increased since President Obama's stimulus ended the Great Recession and increased our work load. My contibution is a % of my gross pre-tax earnings. At the height of the Great Recession I was down to 2-3 days a week at best. At times we had block weeks and in some cases block months of lay off. We are back to 5 days a week and getting overtime again.
Likewise the companies match has increased to mirror my own contributions. In addition the company lump contribution has increased dramatically as opposed to the Bush years as profits have increased with increased sales. It is overwhelmingly consumer spending that drives our sales and hours.
All of my funds are in Fidelity Growth funds. There is a higher risk involved.