Average 401(k) Balance by Age (2023 Edition)
Money Guy Show
00:00
The Power of Consistency in Investing in 401ks
A dollar cost averaging strategy is going to serve you well in a volatile market. $33,000 turning into $46,000 is an annualized rate of return of 11.9%. In a five and a half year period where the market did not move, technically you would have made almost 12% per year. Imagine what would have happened if you would have really always been buying.
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