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Started By
Message
Reduce 401K contributions?
Posted on 3/19/20 at 8:01 am
Posted on 3/19/20 at 8:01 am
Is cash better right now?
10
Posted on 3/19/20 at 8:03 am to DropaDeuce
quote:
Increase 401K contributions
Posted on 3/19/20 at 8:03 am to DropaDeuce
I'd up them!
On the other hand, my discretionary spending has plummeted so I have more cash on hand
On the other hand, my discretionary spending has plummeted so I have more cash on hand
Posted on 3/19/20 at 8:04 am to DropaDeuce
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 on 3/19/20 at 8:04 am to BigErn
I just increased my 401k contribution. I'm trying to get all $19,500 in by June.
Posted on 3/19/20 at 8:06 am to DropaDeuce
quote:yes, do the exact opposite of this
Reduce 401K contributions?
Posted on 3/19/20 at 8:26 am to DropaDeuce
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%
Ouch, its down almost 40%
Posted on 3/19/20 at 8:29 am to DropaDeuce
quote:
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%
Down almost 40% from what? You haven’t logged in for years. It should not be down 40% from five years ago. Probably up from five years ago.
Posted on 3/19/20 at 8:48 am to go ta hell ole miss
quote:
Down almost 40% from what?
Down 33% since Jan 31st..I misspoke. Idk what the balance was from 5 years ago because the plan switched from Fidelity to TRowe. It's definitely grown since then, but not by much now
I know everyone is in the same boat, I just thought this would be a good time to spruce up the ole 401k and make adjustments to fit the current circumstances.
Posted on 3/19/20 at 9:04 am to DropaDeuce
If you do that, you will only make the rest of us wealthier.
Posted on 3/19/20 at 9:04 am to DropaDeuce
I increased my contribution and started buying company shares.
Company stock was $109, now $68
Company stock was $109, now $68
Posted on 3/19/20 at 9:07 am to DropaDeuce
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!
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 on 3/19/20 at 9:15 am to bstew3006
What happens if you lose your job because your company goes under?
Posted on 3/19/20 at 9:18 am to jimbeam
quote:
What happens if you lose your job because your company goes under?
I lose my job...
Posted on 3/19/20 at 9:20 am to bstew3006
And all of that stock.
Posted on 3/19/20 at 9:23 am to jimbeam
People dont understand the concept of diversification.
I'm bullish on my company, but every time my stocks vest, I sell immediately.
I'm bullish on my company, but every time my stocks vest, I sell immediately.
This post was edited on 3/19/20 at 9:25 am
Posted on 3/19/20 at 9:30 am to DropaDeuce
I increased mine by about 1.8x. Now is the time to start DCAing in
Posted on 3/19/20 at 9:47 am to jimbeam
quote:
And all of that stock.
And if it doesn’t go under?
Posted on 3/19/20 at 9:48 am to BigErn
quote:
Increase 401K contributions
Does this apply for a 403B as well? Can someone explain how this is advantageous? Thank you!
Posted on 3/19/20 at 9:49 am to bstew3006
Then your job security is great, and your recurring source of income is not affected...
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