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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:12 AM Original message |
It pisses me off that I have a 401K. |
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valerief (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:13 AM Response to Original message |
1. +1 gazillion |
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Greybnk48 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:51 PM Response to Reply #1 |
52. Ditto. n/t |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:13 AM Response to Original message |
2. Does your 401(k) account not have a money market option? |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:20 AM Response to Reply #2 |
3. I don't think it does... |
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dems_rightnow (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:52 AM Response to Reply #3 |
19. I'll bet it does |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:53 AM Response to Reply #19 |
20. see #11 |
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Atman (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:23 PM Response to Reply #20 |
34. Mine has actually done pretty well. |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:21 PM Response to Reply #3 |
60. I suggest you check again, I would be highly surprised that your 401(k) plan... |
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femrap (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 05:01 PM Response to Reply #60 |
68. I was shocked to find out |
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abelenkpe (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:23 AM Response to Reply #2 |
6. It's a better option |
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daleanime (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:35 AM Response to Reply #6 |
10. They may want to.... |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:38 AM Response to Reply #6 |
12. fuck it... i want to put it in the mattress fund |
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abelenkpe (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:49 PM Response to Reply #12 |
42. Me too ;) nt |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:39 AM Response to Reply #2 |
14. looks like I can do this... |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:19 PM Response to Reply #2 |
27. Do you really know what Money Market accounts pay? I suggest you check them out |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:12 PM Response to Reply #27 |
58. I did NOT tell them to take ANYTHING out of their 401(k)... |
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dkf (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:20 AM Response to Original message |
4. I'm sure there is a cash type option if you are bent on taking that route. |
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femrap (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 05:04 PM Response to Reply #4 |
69. Not all.... |
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Nye Bevan (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:22 AM Response to Original message |
5. Check your 401k investment options. There is almost certainly a guaranteed investment contract |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:36 AM Response to Reply #5 |
11. It looks like i can put it into a Self-Directed Brokerage Account |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:22 PM Response to Reply #11 |
32. What's the interest rate? |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:26 PM Response to Reply #32 |
35. i haven't a clue |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:39 PM Response to Reply #35 |
40. I suggest you google Money Markets... look up what they pay and |
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jeff47 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 03:55 PM Response to Reply #40 |
66. It's better than the negative return the mutual funds are "paying" (nt) |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 05:10 PM Response to Reply #66 |
71. Your answer is an oxymoron. |
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jeff47 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 07:46 PM Response to Reply #71 |
78. You do realize you can lose money when you invest in a mutual fund, right? |
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femrap (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 05:08 PM Response to Reply #35 |
70. You could invest in |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:28 PM Response to Reply #11 |
36. I know what you mean |
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Sgent (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:01 PM Response to Reply #11 |
45. Put it in |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:22 PM Response to Reply #11 |
50. Try a treasury money market fund. |
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trof (1000+ posts) Send PM | Profile | Ignore | Sat Nov-05-11 01:08 PM Response to Reply #11 |
84. That's what I did with y 401-K and IRA. |
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NeedleCast (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:24 AM Response to Original message |
7. You should learn more about the investment options your 401(k) provides |
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brooklynite (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:26 AM Response to Original message |
8. If I'm interpreting you correctly... |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:33 AM Response to Reply #8 |
9. i do not trust the fund managers |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:11 PM Response to Reply #8 |
23. +100 |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:38 AM Response to Original message |
13. The corporations did this to us all as a way to get our money into their hands |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:40 AM Response to Reply #13 |
15. what a racket 'eh? |
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earthside (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:42 AM Response to Original message |
16. The biggest bubble. |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:46 AM Response to Reply #16 |
18. you described my 401K experience to a T |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:21 PM Response to Reply #16 |
31. +1000 |
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SOS (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 11:44 AM Response to Original message |
17. A succinct take in the 401 (k): |
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alstephenson (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:07 PM Response to Original message |
21. Ditto. It's a total scam. |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:10 PM Response to Original message |
22. Savings accounts pay one percent. Money Markets pay .60. Unless it's |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:18 PM Response to Reply #22 |
59. An IRA Variable Annuity? Why would you want a tax-deferred vehicle inside another tax-deferred... |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 05:19 PM Response to Reply #59 |
73. You can have as many tax deferred accounts as you want.. The only ones |
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mod mom (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:16 PM Response to Original message |
24. When my husband switched jobs in '09 we put the rollover in CDs at a local single unit bank. |
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cpamomfromtexas (453 posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:16 PM Response to Original message |
25. Roth IRA with checkbook control |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:20 PM Response to Reply #25 |
29. can one transfer 401k funds into such an instrument? |
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cpamomfromtexas (453 posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:48 PM Response to Reply #29 |
51. at retirement, but some may be able to rollover early, depends |
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RebelOne (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 07:51 PM Response to Reply #51 |
79. I was laid off my job in 2010. I was already 70 years old |
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Incitatus (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:21 PM Response to Reply #25 |
30. Yes, no one forces you to get a 401K. |
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Cali_Democrat (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:18 PM Response to Original message |
26. Rachel Maddow had a good piece on this a few weeks ago |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:19 PM Response to Original message |
28. OMG!! I worked for financials most of my career, it's criminal that you can't realocate your 401k at |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:23 PM Response to Reply #28 |
33. i can and did reallocate into a stable income fund |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:31 PM Response to Original message |
37. It pissed me off that people like you don't understand their 401K.... |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:36 PM Response to Reply #37 |
38. Enlighten us with your financial prowess, won't you? |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:57 PM Response to Reply #38 |
43. Actually, no I won't.... |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:59 PM Response to Reply #43 |
44. I pretty much avoid attacking people |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:56 PM Response to Reply #44 |
53. So....people who do research are "know it alls"?? |
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backwoodsbob (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 05:35 PM Response to Reply #53 |
74. hear ya |
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Dawgs (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:38 PM Response to Reply #37 |
39. +1. My wife and I are doing quite well with ours. |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 12:42 PM Response to Reply #39 |
41. congratulations to you and your wife |
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JoePhilly (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:05 PM Response to Reply #37 |
57. +100 |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:50 PM Response to Reply #37 |
64. I understand your point but see my #62, I have no problems with 401Ks as a supplement |
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jeff47 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 04:00 PM Response to Reply #37 |
67. Well, let's see....all the funds I am allowed to invest in are down. |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Sat Nov-05-11 10:34 AM Response to Reply #67 |
80. HAHAHA - your post shows the most basic misunderstanding of people in the market. |
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Name removed (0 posts) Send PM | Profile | Ignore | Sat Nov-05-11 06:48 PM Response to Reply #80 |
85. Deleted message |
eridani (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 06:22 PM Response to Reply #37 |
75. Not clear why you assume that all 401ks have the options that you seem to think they do |
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deaniac21 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:07 PM Response to Original message |
46. Sounds like you need to rethink your contribution options. It's |
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tk2kewl (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:17 PM Response to Reply #46 |
48. 2 big hits |
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JoePhilly (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:04 PM Response to Reply #48 |
56. So what .... let's take the drop to 6500 .... if you were still contributing ... |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:16 PM Response to Original message |
47. k&r |
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RUMMYisFROSTED (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:17 PM Response to Original message |
49. T-Bills? |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:57 PM Response to Original message |
54. 401k was a wall street scam from the jump. |
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JoePhilly (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 01:59 PM Response to Original message |
55. That makes very little sense. |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:46 PM Response to Reply #55 |
62. 401K is great, if it is in addition to a pension. Unfortunatly it replaced pensions for most people |
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JoePhilly (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 03:54 PM Response to Reply #62 |
65. While I would agree on the pension point ... |
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Sherman A1 (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:48 PM Response to Reply #55 |
63. Agreed |
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barbtries (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 02:37 PM Response to Original message |
61. i have issues along those lines |
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SomethingFishy (552 posts) Send PM | Profile | Ignore | Fri Nov-04-11 05:14 PM Response to Original message |
72. Never opted in to the "401k" |
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fascisthunter (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 06:24 PM Response to Original message |
76. 401k's are a scheme to force Americans to pour money into Wall Street |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Fri Nov-04-11 06:28 PM Response to Original message |
77. Most 401K have all sorts of investment options... |
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dionysus (1000+ posts) Send PM | Profile | Ignore | Sat Nov-05-11 11:31 AM Response to Original message |
81. are you sure? any 401k worth it salt has money market and bond funds. you should double check... |
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BreweryYardRat (1000+ posts) Send PM | Profile | Ignore | Sat Nov-05-11 12:39 PM Response to Original message |
82. My sorry excuse for a job had the infernal gall to offer me the chance to participate in their 401K. |
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TheManInTheMac (512 posts) Send PM | Profile | Ignore | Sat Nov-05-11 12:52 PM Response to Original message |
83. I've never seen a 401K that didn't have a low-risk/low-yield |
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