| Author |
Message |
 Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
 Forum: Retirement Planning Posted:
Mon Jun 10, 2013 10:04 pm Subject: Want to prevent 401K loss |
| My 401(k) is with Fidelity and available to me is a Stable Asset fund. It is basically the same as a savings account. Gains are practically nil but so are the potential losses. I also suggest you d ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Mon Jun 10, 2013 9:59 pm Subject: Want to prevent 401K loss |
I don't think paying cash for a home is stupid at all.
Well, maybe - but it can be costly. You may want to put your money to a higher and better use.
1. Say that you find a $100,000 house and us ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Mon Jun 10, 2013 4:05 pm Subject: Want to prevent 401K loss |
| If you're only 25 and you already have $139K in a retirement fund I'm totally astonished. That is an amazing achievement. I congratulate you on that. To blow that off because of your fears is equal ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Mon Jun 10, 2013 3:52 pm Subject: Want to prevent 401K loss |
| If you're only 25 and you already have $139K in a retirement fund I'm totally astonished. That is an amazing achievement. I congratulate you on that. To blow that off because of your fears is equal ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Mon Jun 10, 2013 11:49 am Subject: Want to prevent 401K loss |
| PS: There is *no* place where your money is protected. If you take it all out in cash and put it under your mattress and leave it there I can guarantee you with that same 99% certainty that in 10 yea ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Mon Jun 10, 2013 10:57 am Subject: Want to prevent 401K loss |
I can't simply draw it out and place it in the bank.
Leave it in the 401k account and convert to cash - or a CD if you like.
If this happens I plan on cashing out, and yes I am willing to pay t ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Mon Jun 10, 2013 10:47 am Subject: Want to prevent 401K loss |
| Your 401(k) investments are not in the care of your employer, they are with a plan custodian that your employer has contracted with to manage the plan investments, so even if your employer would go ou ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Mon Jun 10, 2013 10:38 am Subject: Want to prevent 401K loss |
I can't simply draw it out and place it in the bank.
Leave it in the 401k account and convert to cash - or a CD if you like.
If this happens I plan on cashing out, and yes I am willing to pay t ... |
| Topic: Want to prevent 401K loss |
Christine88
Replies: 25
Views: 67926
|
Forum: Retirement Planning Posted:
Sun Jun 09, 2013 10:34 pm Subject: Want to prevent 401K loss |
Hello all
I have about $139,000 in my 401k and I want to transfer it to a plan where I won't lose anything but can keep contributing 10% with 4% company match. I'm afraid my employer is either goi ... |
| Topic: Need advice please on credit card debt |
Christine88
Replies: 19
Views: 43670
|
Forum: Credit & Loans Posted:
Mon Feb 11, 2013 1:56 am Subject: Need advice please on credit card debt |
Details pls. Are you working and do you have a good income stream? (Engineer, that could be good?)
Is the car near-new? How much is the note, how many more yrs?
It depends - for a $100k/yr engi ... |
| Topic: Need advice please on credit card debt |
Christine88
Replies: 19
Views: 43670
|
Forum: Credit & Loans Posted:
Sun Feb 10, 2013 11:04 pm Subject: Need advice please on credit card debt |
| Hello everyone. I'm new to this forum and unfortunately the circumstances which brought me here are not good. I have a lot of credit card debt and a car loan and it has gotten to the point where I c ... |
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