muncie birder
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If it were I, I would put the max in currently. Now is an excellent time to be investing in equities. There is of course some risk to doing so. Keep that in mind, but a 70% match almost completely eliminates the risk for you. |
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Daniel R
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If you are keeping the money for retirement, then keep it there. The stocks may not be performing well right now, but at lower stock prices, you will be buying more shares per dollar. Once the economy rebounds, you will easily turn a profit since you have more shares than usual. |
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Sam
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Yes, the value of the stocks will go up and up. You are fortunate to be able to purchase stocks at a low price now and cash them in at a higher price after you retire. |
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donfletcheryh
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You should ask for guidance only from soothsayers? We can not tell you whether stock prices will hold, rise or fall. But with the low level of stock prices now it would be fairly safe to be buying every payday, and then just ignore the current day stock market because you are in it for the long haul. |
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billy p
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how old are you??? how long before you retire??? some have those freedom funds that show what % is in bonds,stocks,market accounts.mostly in stock means you are trying to make a fast buck.The thing is those with your money did not tell you the names of the company invested in.you can increase your deduction save taxes because it is pre-taxed,and put it in bonds for the long-haul.at least bonds are secured. |
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Steve B
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You're very lucky to have your company contribute to your 401k. Keep putting in at least 6% to get the free money.
Here's a good article on 401k's in this crazy market.
http://www.fiscalsanity.com/investing/retirement-your-401k-and-an-insane-market-233.htm |
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Al in NC
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Keep making large enough pre-tax contributions to get the maximum company match. You get to defer taxes on your contributions until you withdraw funds at retirement (possibly 40-45 years depending on your current age).
Consider the company match a bonus!
If by "mostly in stock" you mean company stock and not stock mutual fund then adjust your future contributions so that you are more diversified.
Ask any ex-Enron employee if they wish they had not invested so much of their retirement funds in company stock.
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sands_harry
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Keep putting money in your 401K and getting the match. Keep in mind that once in you can't take it out until you are at least 58 or maybe now it is 62 but in any case there will be a big penalty but getting the match is great. Stocks well, some will tell you yes if you are young but I would not put all of your money in stocks. I never did and still do not but I am near retirement so try some money market, tresuries or a CD if your plan permits it with part of your investment Also keep in mind that the new president and the now congress and senate in control want to tax 401K profits and money put into it so wait and see what they do before getting any more than the match amount in. Read the financial or money section of your paper every day. Good luck. |
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Derek (Steelers, SB champs)
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Leave it there.
I'd also look into a Roth IRA. |
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BoomBox-Creations
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keep it in there, look stocks are cheap, but tehy could drop more and more, so you lose less, but it is a 50/50 it could rise in value, whihc means you make money, or lose it just as easily,
leave it in there and just add more on to it....
maybe take out $1000 most and spend in stocks, but leave the rest in tehre... and jsut keep building and building.... |
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Smiley
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Don't pull it out, you will have to pay huge penalties on it and mostlike will not get anything back. Just diversify into more conservative investments for the time being. |
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