The 401K Fallout

cbsmokin · 10-16-2009, 09:33 AM

Quote:

Originally Posted by Victor Sinclair

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, 10:48 AM

Quote:

Originally Posted by cbsmokin

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, 10:52 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, 11:34 AM

Very interesting article on 401k's in the current TIME magazine. Well worth picking up.

10-16-2009, 09:56 PM

Quote:

Originally Posted by floydpink

Very interesting article on 401k's in the current TIME magazine. Well worth picking up.

Thanks

10-16-2009, 10:52 AM	#3
rack04 Lebowski Urban Achiever Join Date: Oct 2008 First Name: Justin Location: Dallas, TX Posts: 1,023 Trading: (20)	Re: The 401K Fallout 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. __________________ "Why don't you put them in your secret compartment" - 12stones (Ricky)

10-16-2009, 11:34 AM	#4
floydpink crazy diamond Join Date: Oct 2008 First Name: Pete Location: Orlando Posts: 1,955 Trading: (17)	Re: The 401K Fallout Very interesting article on 401k's in the current TIME magazine. Well worth picking up. __________________ "If we weren't all crazy we would go insane"