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LoyalTiger211
LSU Fan
ds
Member since Dec 2008
223 posts

What Percentages in each cat should I do in 401K?

With the way things are going, I was wondering if I should continue to do it. Lots of folks are telling me to, but I just don't know...... Let me know what you think...
This post was edited on 3/20 at 12:32 pm


Parliament
Ohio State Fan
Member since Dec 2007
5787 posts

Yes. It's the best investment opportunity since the early 80's.

Tomorrow may be better, but still.


MileHigh
Colorado State Fan
Most likely a mile high
Member since Jan 2004
7920 posts

quote:

Should I continue to contribute my 15% in 401K?
With the way things are going, I was wondering if I should continue to do it. Lots of folks are telling me to, but I just don't know...... Let me know what you think...

I recently rolled mine back to 6%, from 21% previously. I figure I can adjust mid year if need be. My reason is cash flow though. I may lose my job in the next few months, want to increase my available cash. 6% was the lowest I could go and still get the match (3%).

Up to you. I don' think funding retirement accounts should be skipped unless you are worried about your job, or the gov't confiscating them.


ShyTiger
LSU Fan
Member since Aug 2004
43 posts

quote:

With the way things are going, I was wondering if I should continue to do it. Lots of folks are telling me to, but I just don't know...... Let me know what you think...


Yes, depending on your investment choices.


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TejasHorn
Texas Fan
High Plains Driftin'
Member since Mar 2007
8869 posts

There will be a rush of bankruptcies over the next 12 months. What will be the impact on mutual funds, 401K's, etc.?

Yes, the market is way cheap right now but many companies are teetering on the edge.



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lsu1980
LSU Fan
Member since Feb 2007
1991 posts

I cut mine back to the company match (6%) a couple of months ago. Not sure if this was the right thing to do longterm but made me feel better for now while I watch how things unfold. Can always increase again anytime I choose.


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LoyalTiger211
LSU Fan
ds
Member since Dec 2008
223 posts

Not worried just wondering about what i should do.


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Colonel Hapablap
LSU Fan
Mostly Harmless
Member since Nov 2003
28791 posts

I've kept mine up, but it all goes into a treasury backed fund.


SaintLSUnAtl
LSU Fan
THE REAL MJ
Member since Jan 2007
22088 posts

Depends on what tax bracket you are in.

I invest what my company matches, then max out a Roth IRA each year. I try to invest around 15%, but I'm not a slave to that exact figure. Anything around 12-15% is okay with me.

I suspended mine for the time being but will begin to reinvest at the new year.


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igoringa
LSU Fan
South Mississippi
Member since Jun 2007
11822 posts

If you can you should keep the levels up.... but no where does it say you have to put in equities.... I am maxing out and in Tbills.... dont believe the best time to invest crap unless you reach that conclusion yourself... the same folks who push that tend to be the ones who never saw it coming (one exception - Hussman). Look at those who called this as a sounding board (as opposed to mustard seed pollyannas). Roubini, Schiff, Brooks, Schill are good starting points.

The biggest challenge I see in the market right now is, if you believe stocks tend to trade as a multiple of future earnings, the S&P is trading at about 11 times 09 earnings estimates... which is not that unreasonable... until you realize the 09 estimates are based upon 10% growth from 08. You input a more realistic estimate and the number is ugly.

Add in housing has a ways to go to (housing historically is very consistent with income to price ratios and will correct back with some pendulum overswing due to the dramatic over supply of homes compared to family units). Credit cards are the next securitized time bomb and CDS still linger like the 800 pound gorilla.

The stock market tends to turn before the real economy... but there is still way too much work to do (and long term gains will be impaired by current government action.... the trillions spent will have to be recaptured at some point through taxation and heaven knows it will not be the 40% that pay nothing in income taxes that will have to do this)... thus you are looking at cap gains, dividends and corp taxes going up.

Merry Christmas.


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LSU0358
LSU Fan
Member since Jan 2005
7592 posts

Mine is going back to 5% in January (that's as early as I can change it). Just enough to get the full company match...


Kreg Jennings
LSU Fan
Parts Unknown
Member since Aug 2007
2618 posts

quote:

Mine is going back to 5% in January (that's as early as I can change it). Just enough to get the full company match...


Why?...doesn't anybody realize that this is a huge buying opportunity?


Zilla
LSU Fan
Member since Jul 2005
10568 posts

i upped mine to 30%


LoyalTiger211
LSU Fan
ds
Member since Dec 2008
223 posts

company just announced they no longer match up to 6% We all knew it was coming. So now what?


Cash
SMU Fan
Vail
Member since Feb 2005
36895 posts

quote:

company just announced they no longer match up to 6% We all knew it was coming. So now what?


You should still do 15% or more.

Now what to invest it in is another question.


Martavius
New Orleans Saints Fan
Member since Nov 2005
16019 posts

quote:

i upped mine to 30%

If you make more than $55K per annum, you're goingto hit the max contribution rate before the end of the year.


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LoyalTiger211
LSU Fan
ds
Member since Dec 2008
223 posts

quote:

You should still do 15% or more.

Now what to invest it in is another question.


thanks Cash. i am still doing 15. what would u do?


Roach
LSU Fan
River Ridge, LA
Member since Nov 2007
4258 posts

I am still putting in the maximum.


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igoringa
LSU Fan
South Mississippi
Member since Jun 2007
11822 posts

quote:

I've kept mine up, but it all goes into a treasury backed fund.


Keeping mine maxed... thanks for pointing out there is no law that 401K's must go in equities... seriously people seem to forget that.


igoringa
LSU Fan
South Mississippi
Member since Jun 2007
11822 posts

quote:

Why?...doesn't anybody realize that this is a huge buying opportunity?


Yes this has been the mantra all the way down. If you jumped in on these hisotric opportunities when first proclaimed, you would only be down about 40%.

I will entertain any fundamental analysis you have to support your conclusion.. .otherwise I am not sure why I would jump in during one of greatest deleveraging and bubble deflations the world has seen.


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