One of my favorite times each quarter is looking at my 401(k) statement. It tends to come out a few weeks after the end of the quarter and since every quarter I contribute almost 10% of the balance, it is pretty motivating to see these statements, especially the year-over-year chart of my account balance.
Today’s statement surprised me. You know that part where it shows the quarter/year-to-date’s ending balance and the vested balance? Well, they are now the same. I wasn’t expecting that to happen until the mid-January or mid-April statement, so I was quite pleasantly surprised to see that today!
I am now fully vested in my employer’s match in my 401(k)! I am immediately vested in any further money that they contribute. So that $5,500 in my 401(k) that is my employer match? I will now get to keep that if I leave the company!!!
I am thankful for the employer match. No matter how small it seems each month compared to my contributions, it has now added up to quite a reasonable amount of money.
Another fun tidbit: as of today, I am a small handful of a hundred dollars short of having $40,000 in my 401(k). By the end of this year, I should have one entire year of living expenses in my 401(k) alone. In celebration of this milestone, I opened up my very first 401(k) statement – I had all of five hundred and something dollars in my account back then. I’ve come quite a ways!
Happy Friday everyone! I hope y’all are thankful for your employer matching funds (those of you who have them) since not everyone does.