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The Watercooler
Question about my 401k
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<blockquote data-quote="Marcie Mac" data-source="post: 202042" data-attributes="member: 47"><p>I tell you Jo, the shoe box idea is one I have been considering for a few weeks. Honestly a few weeks ago, I was just thinking about closing the 401 K out, and opening a CD with the money. I talked to the advisors who manage the plan, went on line with the financial people they have available and everyone said leave it, and suggested I put 70&#37; of it into the Money Market - I thought I would do that slowly and put in 30% and omg,the losses. I have pretty conserative picks,but had I moved it a few weeks ago, with the 20% Tax and 10% penality, I would have more money than I do today.</p><p> </p><p>I have a feeling that my company is going to stop contributing - they did this before in bad times, but left the account open so we could put in our money. When things got better, they started up again. </p><p> </p><p>I am not angry though - I am in a dead panic..</p><p> </p><p>Marcie</p></blockquote><p></p>
[QUOTE="Marcie Mac, post: 202042, member: 47"] I tell you Jo, the shoe box idea is one I have been considering for a few weeks. Honestly a few weeks ago, I was just thinking about closing the 401 K out, and opening a CD with the money. I talked to the advisors who manage the plan, went on line with the financial people they have available and everyone said leave it, and suggested I put 70% of it into the Money Market - I thought I would do that slowly and put in 30% and omg,the losses. I have pretty conserative picks,but had I moved it a few weeks ago, with the 20% Tax and 10% penality, I would have more money than I do today. I have a feeling that my company is going to stop contributing - they did this before in bad times, but left the account open so we could put in our money. When things got better, they started up again. I am not angry though - I am in a dead panic.. Marcie [/QUOTE]
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Question about my 401k
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