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re: I know it’s stupid to try and time the market, but what about reducing 401K contributions?

Posted on 9/23/22 at 7:00 am to
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 9/23/22 at 7:00 am to
Cash out your 401chains and get on disability and food stamps and live like a king
Posted by baobabtiger
Member since May 2009
4936 posts
Posted on 9/23/22 at 7:09 am to
Now and over the next few months is when you want to put more in.
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 9/23/22 at 7:17 am to
quote:

Now and over the next few months is when you want to put more in.

Nice try Brandon
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
11587 posts
Posted on 9/23/22 at 12:55 pm to
401k is a set it and forget thing. Adjusting allocation as you get older.

If you can time the market that well you shouldn’t be worried about having a 401k.
This post was edited on 9/23/22 at 12:56 pm
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
30922 posts
Posted on 9/24/22 at 3:13 pm to
quote:

Unless you have better plans for the money other than sitting in a savings account


Like my WL and IUL policies? Neither one has lost money no matter what the market did.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
11654 posts
Posted on 9/25/22 at 8:01 am to
quote:

But if you’ve got a lot of investing life left, buy more now than ever. If it continues to go even lower, but even more.


What sucks for me is timing. My employer buys on the 1st. A few weeks later any increase in value from those new contributions are evaporated and the account value is now lower than when the month started.
Posted by cubsfinger
On The Road
Member since Mar 2017
1838 posts
Posted on 9/25/22 at 10:44 am to
I maxed my 401k the last two years for the first time and I cut back earlier this year cause I needed more cash. Recently I’ve bumped my percentage up to 25% so I am on track to max again this year.
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