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Question about my 401k
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<blockquote data-quote="witzend" data-source="post: 202126" data-attributes="member: 99"><p>I'm with Shari and GVC, et al. If buying stocks while they're tanking is good enough for Warren Buffet, it's good enough for me.</p><p></p><p>husband's "retirement plan", which we used to be able to control somewhat by deciding what "type" of investments went to what percentage just came up. We have been losing on the "safe" part of the investment for years. But we got notice this year that they weren't going to ask whether we wanted a "retirement plan" or a 401k plan every year after this so we really had to look at it. The week of the bailout... We decided to stick with the 401k.</p><p></p><p>We also put in a little above the amount that the company (owned by Warren Buffet) matches. The important thing to remember is that while there is risk, it will get better. It always gets better. You guys probably have close to or more than 20 years to retirement. Think of those 20 years between the recession of the 1970's and the 1990's. It can make a huge difference! And, your employer is <em>giving</em> you that matching money. It's not like he is going to give it to you if you don't put the money into the 401k. A 401k is government protected - for whatever that's worth. </p><p></p><p>My advice, keep the 401k, and look at it every year. It does go down sometimes, but you're getting an awful lot for your money this year.</p></blockquote><p></p>
[QUOTE="witzend, post: 202126, member: 99"] I'm with Shari and GVC, et al. If buying stocks while they're tanking is good enough for Warren Buffet, it's good enough for me. husband's "retirement plan", which we used to be able to control somewhat by deciding what "type" of investments went to what percentage just came up. We have been losing on the "safe" part of the investment for years. But we got notice this year that they weren't going to ask whether we wanted a "retirement plan" or a 401k plan every year after this so we really had to look at it. The week of the bailout... We decided to stick with the 401k. We also put in a little above the amount that the company (owned by Warren Buffet) matches. The important thing to remember is that while there is risk, it will get better. It always gets better. You guys probably have close to or more than 20 years to retirement. Think of those 20 years between the recession of the 1970's and the 1990's. It can make a huge difference! And, your employer is [i]giving[/i] you that matching money. It's not like he is going to give it to you if you don't put the money into the 401k. A 401k is government protected - for whatever that's worth. My advice, keep the 401k, and look at it every year. It does go down sometimes, but you're getting an awful lot for your money this year. [/QUOTE]
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Question about my 401k
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