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View Full Version : The 401K Fallout

Victor Sinclair
10-14-2009, 11:55 AM
Some of us might be working for the rest of our lives....

http://www.cbsnews.com/video/watch/?id=4955194n
markem
10-14-2009, 11:57 AM
incredibly old news
Blueface
10-14-2009, 11:57 AM
Mine is recovering quite a bit.
Still down overall but I see it as money I never really had, funds not realized.
I still have 9 and a half years before I can dream of touching it so lots of hope it will return and then some.
Victor Sinclair
10-14-2009, 12:04 PM
Old news to some, but I felt the need to spread the link since it was spread to me.
elderboy02
10-14-2009, 12:07 PM
My Roth IRA is starting to come back around finally.
Victor Sinclair
10-14-2009, 12:16 PM
My Roth IRA is starting to come back around finally.

Glad to hear that, my fathers took a big hit and has also seen a slight turn around.
ahc4353
10-14-2009, 12:19 PM
I will have to work till they plant me.

That's ok, I watched my grandfather and father do it so I know it's in me .
Commander Quan
10-14-2009, 12:21 PM
My Roth IRA is starting to come back around finally.

Mine is about even with my contributions.
elderboy02
10-14-2009, 12:23 PM
Mine is about even with my contributions.

Yeah, that is what I meant.

I am only 25 so I really don't have to worry about it for a while.
Blueface
10-14-2009, 12:24 PM
Yeah, that is what I meant.

I am only 25 so I really don't have to worry about it for a while.

Nope.
Long term for you for sure.
Jump on it more than ever now.
ahc4353
10-14-2009, 12:57 PM
Old news to some, but I felt the need to spread the link since it was spread to me.

I hadn't seen this spot so thank you. Yes, it might seem old to some but to those that it will affect for the rest of our lives it's a daily thing.
elderboy02
10-14-2009, 01:05 PM
Nope.
Long term for you for sure.
Jump on it more than ever now.

Sorry, I meant that I wasn't stressing when it dropped significantly because I know that it would eventually come back.

I have been putting in more money especially back in the Spring when everything was so cheap.
BigFrank
10-14-2009, 02:24 PM
Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years.
ucla695
10-14-2009, 08:22 PM
Mine has bounced back nicely. Hopefully there will be calmer waters ahead. :)
The Poet
10-15-2009, 04:02 PM
I will have to work till they plant me.

That's ok, I watched my grandfather and father do it so I know it's in me .

:tpd: Isn't that what a man's life is supposed to be? Sitting in a tub watching the sunset is for Cialis commercials, and real men don't do that.
Victor Sinclair
10-15-2009, 07:04 PM
Ive just started getting money put away, I don't know if this is bad or good. Hopefully buying stuff cheap now, will be nice in a few years.

Be cautious as to your contribution amounts for now. If you dont see any gains, minimize your losses.
ChasDen
10-16-2009, 12:00 AM
Ours are recovering quite nicely. I was lucky though. For 2 years before the crash, I was heavily weighted in the Asian markets and was making a killing. When there were signs of a collapse over there (6 months before ours) I dumped it all back into more conservative stuff. I still took a hit like everyone else, but it was a nice ride up when I had it and it helped cushion the blow. Just checked the statement and the YTD on the big one is 27.12 and the overall year to date rate of return (entire portfolio) is 26.79%.

Chas

If interested its (the big one) MassMutual Select Large Cap Value S (MLVSX)
cbsmokin
10-16-2009, 08:33 AM
Be cautious as to your contribution amounts for now. If you dont see any gains, minimize your losses.

Depends on your matching, age, and risk tolerance.

I am maxed out and gobbling up shares. It will pay off in 20, 30, maybe even 40 years.
N2Advnture
10-16-2009, 09:48 AM
Depends on your matching, age, and risk tolerance.

I am maxed out and gobbling up shares. It will pay off in 20, 30, maybe even 40 years.

I agree. Buy when it's down, reward seen on the back end.

I reallocated in April/May and it's paid off nicely so far.
rack04
10-16-2009, 09:52 AM
I recently took out a loan on my 401K. One of the disadvantages of doing this is that the money I borrowed from my 401K isn't earning any money on the market. In the current market I figured that the interest that I'm paying myself is more than the money was earning in the market.
floydpink
10-16-2009, 10:34 AM
Very interesting article on 401k's in the current TIME magazine. Well worth picking up.
Victor Sinclair
10-16-2009, 08:56 PM
Very interesting article on 401k's in the current TIME magazine. Well worth picking up.

Thanks