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Question about my 401k
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<blockquote data-quote="hearts and roses" data-source="post: 202074" data-attributes="member: 2211"><p><span style="font-size: 12px"><span style="color: darkslateblue">Thanks for the input. </span></span></p><p> </p><p><span style="font-size: 12px"><span style="color: darkslateblue">I just want to reiterate that I have no plans of selling or emptying out my 401k to do anything with it. I would leave the monies currently in my 401k alone. This way when the market turns around, I will still have something to build on for the future. Incidentally, I have no plans to retire ever. Seriously - and its not only because I won't be able to afford retirement, which I won't, it's also about keeping my brain & body active forever.</span></span></p><p> </p><p><span style="font-size: 12px"><span style="color: darkslateblue"><strong>What I am considering is ceasing to contribute until next year...for the time being I would put the money into the Orange ING online savings account, which yields almost double what a traditional savings does at my bank. </strong></span></span></p><p> </p><p><span style="font-size: 12px"><span style="color: darkslateblue">Then, when open enrollment comes around again, I can consider beginning my contributions again. </span></span></p><p> </p><p><span style="font-size: 12px"><span style="color: darkslateblue">I am talking about building a nest egg of $2000. If when open enrollment comes around again, I can take the $2000 and put it right into either my current 401k or open an Roth IRA. </span></span></p><p> </p><p><span style="font-size: 12px"><span style="color: #483d8b">So what do you think of that plan? Am I being foolish? I get so many conflicting views. </span></span></p></blockquote><p></p>
[QUOTE="hearts and roses, post: 202074, member: 2211"] [SIZE=3][COLOR=darkslateblue]Thanks for the input. [/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue]I just want to reiterate that I have no plans of selling or emptying out my 401k to do anything with it. I would leave the monies currently in my 401k alone. This way when the market turns around, I will still have something to build on for the future. Incidentally, I have no plans to retire ever. Seriously - and its not only because I won't be able to afford retirement, which I won't, it's also about keeping my brain & body active forever.[/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue][B]What I am considering is ceasing to contribute until next year...for the time being I would put the money into the Orange ING online savings account, which yields almost double what a traditional savings does at my bank. [/B][/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue]Then, when open enrollment comes around again, I can consider beginning my contributions again. [/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue]I am talking about building a nest egg of $2000. If when open enrollment comes around again, I can take the $2000 and put it right into either my current 401k or open an Roth IRA. [/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE] [SIZE=3][COLOR=#483d8b]So what do you think of that plan? Am I being foolish? I get so many conflicting views. [/COLOR][/SIZE] [SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE] [/QUOTE]
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