answersLogoWhite

0

The rate of return is how much you will be making after you take the money out of your retirement plan. Typically the taxes will be around 40% so if you have 1 million, then you will get 600 k. Check the rate of return for your retirement fund.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Finance

What is the meaning of personal rate of return in a 401k account and how does it impact my overall retirement savings?

The personal rate of return in a 401k account is the percentage of growth or decline in the value of your investments over a specific period. It reflects how well your investments are performing. A higher rate of return means your retirement savings are growing faster, while a lower rate of return may impact the growth of your savings and potentially delay your retirement goals. It is important to monitor and optimize your personal rate of return to maximize your retirement savings.


What are the potential consequences of a 401k negative rate of return on my retirement savings?

A negative rate of return on your 401k can lead to a decrease in your retirement savings over time. This may result in having less money available for retirement, potentially impacting your financial security and lifestyle during your retirement years.


What are the potential consequences of a negative rate of return on my 401k account?

A negative rate of return on your 401k account can lead to a decrease in the value of your retirement savings, potentially resulting in a smaller nest egg for your retirement. This may impact your ability to meet your financial goals and have enough money for a comfortable retirement.


Can you explain what the rate of return means on a 401k account?

The rate of return on a 401k account is the percentage of profit or loss that your investments have earned over a specific period of time. It shows how well your money is growing within your retirement account.


What is the average rate of growth for a 401k invested in mutual funds?

The figure usually used for retirement planning is 6% return per year.

Related Questions

What is the meaning of personal rate of return in a 401k account and how does it impact my overall retirement savings?

The personal rate of return in a 401k account is the percentage of growth or decline in the value of your investments over a specific period. It reflects how well your investments are performing. A higher rate of return means your retirement savings are growing faster, while a lower rate of return may impact the growth of your savings and potentially delay your retirement goals. It is important to monitor and optimize your personal rate of return to maximize your retirement savings.


What are the potential consequences of a 401k negative rate of return on my retirement savings?

A negative rate of return on your 401k can lead to a decrease in your retirement savings over time. This may result in having less money available for retirement, potentially impacting your financial security and lifestyle during your retirement years.


What are the potential consequences of a negative rate of return on my 401k account?

A negative rate of return on your 401k account can lead to a decrease in the value of your retirement savings, potentially resulting in a smaller nest egg for your retirement. This may impact your ability to meet your financial goals and have enough money for a comfortable retirement.


What was the rate of return for IRAs in the United States in 2012?

IRAs are individual retirement accounts. These accounts can have a variety of assets, including stocks, bonds, and mutual funds. Since individuals can invest in what they desire among selected categories, there is no specific rate of return for an individual retirement account, as each will be different.


Which retirement saving program has a benefit that will depend on your yearly contribution and the rate of return on invested assets?

Defined Contribution Plan


Can you explain what the rate of return means on a 401k account?

The rate of return on a 401k account is the percentage of profit or loss that your investments have earned over a specific period of time. It shows how well your money is growing within your retirement account.


What is the average rate of growth for a 401k invested in mutual funds?

The figure usually used for retirement planning is 6% return per year.


Retirement Shortfall?

Retirement Shortfall One of the biggest risks to a comfortable retirement is running out of money too soon. This calculator helps you determine your projected shortfall or surplus at retirement. You can also see just how long your current retirement savings will last. If your results project a shortfall, you might need to save more, earn a better rate of return, or possibly delay your retirement.


Do I have to pay taxes on my retirement?

Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.


How is expected rate of return calculated from average rate of return on investment and standard deviation?

The expected rate of return is simply the average rate of return. The standard deviation does not directly affect the expected rate of return, only the reliability of that estimate.


Are interest rate and rate of return the same?

Yes, the interest rate and rate of return are exactly the same.


What is the retirement pay of an Army Major?

The retirement pay of an army major is not known as there is no standard rate of retirement pay. The pay is determined by the type of retirement plan that is chosen.