General Discussion

smirkymonkey

(63,221 posts)

63. I have a 401K, but my student loan debt is more than

Tue May 21, 2013, 07:54 PM

May 2013

triple than the amount in my retirement plan. Most of my student loan debt is interest, almost double in fact. I am so screwed.

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Poll: How many DUers have a 401k or IRA [View all] MineralMan May 2013 OP

Nothing at the moment. kentauros May 2013 #1

Sorry. I made an edit that changed the poll. If your vote MineralMan May 2013 #2

Kick for more input. MineralMan May 2013 #3

Mines a .401k hobbit709 May 2013 #4

Bush turned mine into a 101k....... lastlib May 2013 #56

I have nothing. HappyMe May 2013 #5

Yah, me neither. MineralMan May 2013 #7

I used to before I retired. But if I had had to rely on just that, I'd be eating out of CTyankee May 2013 #43

Nada. n/t Daniel537 May 2013 #6

I have two 401k accounts leftynyc May 2013 #8

Thanks for your input. MineralMan May 2013 #10

My wife has one of the 'other' type of accounts. geek tragedy May 2013 #9

Yah. My home is most of my net worth, too. MineralMan May 2013 #11

A 100k IRA in a fixed annuity, a house in Austin (paid for), Eleanors38 May 2013 #30

Pension, 401k, 457 plan plus other investments MissB May 2013 #12

I didn't vote, since I have a 401k but no idea where the money is invested arcane1 May 2013 #13

I don't know, but you should find out, I think. MineralMan May 2013 #15

Agreed. I tend to just not think about it too much arcane1 May 2013 #27

Feel free to ask questions in the DU Personal Finance and Investing group. Common Sense Party May 2013 #52

... A HERETIC I AM May 2013 #67

Another interesting question; if u have one, how much do you expect have saved before using it? geckosfeet May 2013 #14

That's a good question, but the poll is just a general one MineralMan May 2013 #17

Yes. Good poll. But the more you have in funds, the more exposure you have to market fluctuation. geckosfeet May 2013 #29

The more you have in stock funds, especially. Common Sense Party May 2013 #53

I was under the impression that IRAs were generally invested in the same things as 401Ks... LooseWilly May 2013 #68

My 401(k) is invested in stocks and mutual funds Shrek May 2013 #16

Thanks for the info. MineralMan May 2013 #18

I have about 300 thousand Demonaut May 2013 #19

Thank you. I think I know where you are coming from with this. n/t Dawgs May 2013 #20

I'm just curious. Personally, I have nothing that depends on MineralMan May 2013 #25

both. mutual funds. spanone May 2013 #21

Other: I have a small box of baseball cards NightWatcher May 2013 #22

To be honest... that might be the best retirement fund I've heard of yet... LooseWilly May 2013 #71

I just buy gold whenever Glen Beck tells me to AngryAmish May 2013 #23

Smart move, no doubt... MineralMan May 2013 #26

I used to get real irie in college Warren DeMontague May 2013 #24

I'm still invested in Irie, even if the interest is low. Eleanors38 May 2013 #34

Nothing like opening up one of those quarterly reports. Warren DeMontague May 2013 #51

Lol! Sissyk May 2013 #38

I and my wife both have 401k's CANDO May 2013 #28

Thanks for the input. MineralMan May 2013 #32

401K, 403B, Regular IRA, Roth IRA, Very small pension HERVEPA May 2013 #31

Thanks! MineralMan May 2013 #33

Kick. MineralMan May 2013 #35

I have a donco May 2013 #36

I rolled over two 401k's into an IRA when I retired tularetom May 2013 #37

Happy to respond, but for the purposes of your poll... Proud Public Servant May 2013 #39

The reason for the poll is to see what percentage of DUers MineralMan May 2013 #40

Good enough, I'll vote [n/t] Proud Public Servant May 2013 #41

Thanks! MineralMan May 2013 #44

401k, ira, pension plan, other investments and hopefully my kids. loli phabay May 2013 #42

...plus a 457. brooklynite May 2013 #45

Thanks. MineralMan May 2013 #46

I have a "personal pension" which is another name for an IRA... Atman May 2013 #47

With the miniscule interest being paid on bank deposits, there aren't many places for people to put Nimajneb Nilknarf May 2013 #48

Husband has a public employee pension and a very small 403B LeftInTX May 2013 #49

Thanks! MineralMan May 2013 #50

I Rolled Over A Small 401K Stainless May 2013 #54

In 2006 - 2007, my Wife & I cashed in everything (IRA), bvar22 May 2013 #55

I have a 403b SteveG May 2013 #57

It's the nonprofit version BainsBane May 2013 #58

Non profits. Usually it's educational institutions and hospitals, mostly. Common Sense Party May 2013 #60

That's what I thought BainsBane May 2013 #62

Non-profit SteveG May 2013 #72

I rolled a 401k into an IRA after I was laid off from a previous employer. tammywammy May 2013 #59

401K, IRA, Roth, HSA, 529...got all sorts FreeJoe May 2013 #61

I have a 401K, but my student loan debt is more than smirkymonkey May 2013 #63

I got plenty of nothing olddots May 2013 #64

I have a savings account at my local Credit Union, & a tiny cabin with 10 acres I own free & clear. scarletwoman May 2013 #65

Yup tavernier May 2013 #66

I don't know if it will help you Yo_Mama May 2013 #69

Damn... I really am a loser. :( Demo_Chris May 2013 #70