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Brown Cafe UPS Forum
UPS Retirement Topics
Dreaded Pension Funding Level Letter
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<blockquote data-quote="helenofcalifornia" data-source="post: 728015" data-attributes="member: 5170"><p>Tech Girl, I moved my 401K before the market made the horrible collapse. (Remember the dot com bust of 2000?) I was fortunate (?) to be off getting a new knee done at the time and had time to watch the market. I put all my 401K in stable value fund and did not lose a penny. When I returned to work one year later, I had made about $7000 without investing a dime of my money. Maybe the people that watch our 401k's have too much money to deal with and if they moved it all it would cause even a bigger collapse of the market. Just saying, there is no one that can watch and monitor your money better than yourself. I am always asking the financially-minded drivers at work what they are doing with their 401k's and what it is invested in. You will find people after a time that you can trust that they know what they are talking about and can give good advice. I will never watch my money wither away again like it did with the dot com bust and do nothing. Took a couple of years to rebuild it.</p></blockquote><p></p>
[QUOTE="helenofcalifornia, post: 728015, member: 5170"] Tech Girl, I moved my 401K before the market made the horrible collapse. (Remember the dot com bust of 2000?) I was fortunate (?) to be off getting a new knee done at the time and had time to watch the market. I put all my 401K in stable value fund and did not lose a penny. When I returned to work one year later, I had made about $7000 without investing a dime of my money. Maybe the people that watch our 401k's have too much money to deal with and if they moved it all it would cause even a bigger collapse of the market. Just saying, there is no one that can watch and monitor your money better than yourself. I am always asking the financially-minded drivers at work what they are doing with their 401k's and what it is invested in. You will find people after a time that you can trust that they know what they are talking about and can give good advice. I will never watch my money wither away again like it did with the dot com bust and do nothing. Took a couple of years to rebuild it. [/QUOTE]
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