http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/ A place to discuss money...for the rest of us. Mon, 23 Nov 2009 05:09:30 -0500 hourly 1 http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-32394 * Losing Money. What Should I Do With My 401k? Wed, 08 Apr 2009 02:04:42 +0000 http://www.mytwodollars.com/?p=1700#comment-32394 [...] are many bloggers that are in the same boat — e.g., Gather Little By Little, Paid Twice, My Two Dollars, Blueprint, Bible Money Matters, Financial Nut, etc.  And it doesn’t take a genius to figure [...] [...] are many bloggers that are in the same boat — e.g., Gather Little By Little, Paid Twice, My Two Dollars, Blueprint, Bible Money Matters, Financial Nut, etc.  And it doesn’t take a genius to figure [...]

]]> http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-29491 Weekly Roundup - Garage Sale Edition | Cash Money Life | Cash Money Life Sun, 12 Oct 2008 16:07:30 +0000 http://www.mytwodollars.com/?p=1700#comment-29491 [...] My 401K Is Losing Money, What Should I Do?. [...] [...] My 401K Is Losing Money, What Should I Do?. [...]

]]> http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-29469 My 401k Is Losing Money. What Should I Do? | TheOnlyDevice.com Fri, 10 Oct 2008 14:36:02 +0000 http://www.mytwodollars.com/?p=1700#comment-29469 [...] are many bloggers that are in the same boat — e.g., Gather Little By Little, Paid Twice, My Two Dollars, Blueprint, Bible Money Matters, Financial Nut, etc.  And it doesn’t take a genius to figure [...] [...] are many bloggers that are in the same boat — e.g., Gather Little By Little, Paid Twice, My Two Dollars, Blueprint, Bible Money Matters, Financial Nut, etc.  And it doesn’t take a genius to figure [...]

]]> http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-29437 Andy Thu, 09 Oct 2008 19:38:52 +0000 http://www.mytwodollars.com/?p=1700#comment-29437 I am actually reducing my 401K contributions! If the market is going down further 401K investing is not a good idea, despite tax and compounding benefits. I did some back of the envelope calulations (and wrote about it) and for a person earning $100,000 - you could be atleast a $1000 better off by reducing your 401K contribution. Money market funds or just plain ol’ cash are a better idea right now! I am actually reducing my 401K contributions! If the market is going down further 401K investing is not a good idea, despite tax and compounding benefits. I did some back of the envelope calulations (and wrote about it) and for a person earning $100,000 – you could be atleast a $1000 better off by reducing your 401K contribution. Money market funds or just plain ol’ cash are a better idea right now!

]]> http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-29398 My 401(k) Is Losing Money and I Don’t Care | One Caveman's Financial Journey Wed, 08 Oct 2008 13:58:55 +0000 http://www.mytwodollars.com/?p=1700#comment-29398 [...] My 401K Is Losing Money, What Should I Do? [...] [...] My 401K Is Losing Money, What Should I Do? [...]

]]> http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-29392 Double Wed, 08 Oct 2008 04:02:36 +0000 http://www.mytwodollars.com/?p=1700#comment-29392 If you are not going to be using your 401k soon for retirement, I would say rather than put lump sum money in right now as you may catch a falling knife rather than the market bottom one should increase their periodic contributions to benefit from dollar cost averaging. If you are not going to be using your 401k soon for retirement, I would say rather than put lump sum money in right now as you may catch a falling knife rather than the market bottom one should increase their periodic contributions to benefit from dollar cost averaging.

]]> http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-29388 thinkingthing Wed, 08 Oct 2008 03:00:50 +0000 http://www.mytwodollars.com/?p=1700#comment-29388 Man I just checked my 401k today, when I heard coworkers grumbling about it all. I thought I was soooooo slick sliding my target retirement down from 2045 to 2010 so it had the most conservative investment mix instead of the most reckless. Still dropped like 12% in the last five weeks. Guess you can't dodge it, all you can do is lessen the blow. Man I just checked my 401k today, when I heard coworkers grumbling about it all. I thought I was soooooo slick sliding my target retirement down from 2045 to 2010 so it had the most conservative investment mix instead of the most reckless. Still dropped like 12% in the last five weeks. Guess you can’t dodge it, all you can do is lessen the blow.

]]> http://www.mytwodollars.com/2008/10/07/my-401k-is-losing-money-what-should-i-do/comment-page-1/#comment-29375 WealthBoy Tue, 07 Oct 2008 19:26:31 +0000 http://www.mytwodollars.com/?p=1700#comment-29375 I'm in a similar situation as you. It is a tough pill to swallow when your 401k loses $40k in a year. I actually recently increased my contribution percentage to take advantage that stocks are <em>on sale</em>, as I sometimes like to say. I’m in a similar situation as you. It is a tough pill to swallow when your 401k loses $40k in a year. I actually recently increased my contribution percentage to take advantage that stocks are on sale, as I sometimes like to say.

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