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Reduce 401K contributions?

Posted on 3/19/20 at 8:01 am
Posted by DropaDeuce
Houston
Member since Jul 2006
1553 posts
Posted on 3/19/20 at 8:01 am
Is cash better right now?
Posted by BigErn
Member since Mar 2007
3284 posts
Posted on 3/19/20 at 8:03 am to
quote:

Increase 401K contributions
Posted by Displaced
Member since Dec 2011
32719 posts
Posted on 3/19/20 at 8:03 am to
I'd up them!

On the other hand, my discretionary spending has plummeted so I have more cash on hand
Posted by go ta hell ole miss
Member since Jan 2007
13663 posts
Posted on 3/19/20 at 8:04 am to
You can buy shares cheaper now than you could a month ago. Seems like you would be increasing them, if anything. Especially if you have a long horizon before retirement.
Posted by castorinho
13623 posts
Member since Nov 2010
82061 posts
Posted on 3/19/20 at 8:06 am to
quote:

Reduce 401K contributions?
yes, do the exact opposite of this
Posted by DropaDeuce
Houston
Member since Jul 2006
1553 posts
Posted on 3/19/20 at 8:26 am to
I just logged in for the first time in years, I think my Asset Allocation sucks. Pretty much 50-50 split company stock and black rock lfpth 2045.

Ouch, its down almost 40%
Posted by Gekko
Costa Rica
Member since Nov 2010
2500 posts
Posted on 3/19/20 at 9:04 am to
If you do that, you will only make the rest of us wealthier.
Posted by bstew3006
318
Member since Dec 2007
12581 posts
Posted on 3/19/20 at 9:04 am to
I increased my contribution and started buying company shares.

Company stock was $109, now $68
Posted by boomtown143
Merica
Member since May 2019
6724 posts
Posted on 3/19/20 at 9:07 am to
No way...up that sucker....awesome $ cost averaging right now at these lows!

I set mine up to buy every week for the next 3 months!
This post was edited on 3/19/20 at 9:08 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80803 posts
Posted on 3/19/20 at 9:30 am to
I increased mine by about 1.8x. Now is the time to start DCAing in
Posted by pochejp
Gonzales, Louisiana
Member since Jan 2007
7855 posts
Posted on 3/19/20 at 12:11 pm to
quote:

Reduce 401K contributions? by DropaDeuce


NOOOOO. I buy stock with my contributions so i'm getting more shares for my money right now and they're sure to go back up to where they were before this virus crap. Leave it the same if you buy company stock with your contributions like I do.
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