I have records of my contribution and balance at the end of each month. From this I can see the total amount of interest earned each month. How do I find the rate though?|||The easiest way is to ...
lmt=last month total
tmt=this month total
in=amount you added to the 401K
rate=(tmt-lmt-in)/lmt
this will get you the rate for the month, if you want an annual rate multiply the above by 12.
Keep track of this on a month to month basis and soon you can keep a rolling average of your gains.
///|||You should be getting a statement from the trustee telling you this information.
ask for it.|||To express it on percentage, multiply by 100 what you got from SWH's equation.
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