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Teamsters 401k
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<blockquote data-quote="IDoLessWorkThanMost" data-source="post: 421092" data-attributes="member: 12912"><p>You should be getting an email from them regarding your account and login information if you signed up. Also, they are pretty good (from my experience) mailing the same information to the address.</p><p></p><p>You don't need too much knowledge at your age. Hell I'm 30 and I don't need much at my age. Eventually once you have a decent nest egg, you'll have to start considering spreading the money you're investing around and really figure out what the hell it all means. Just MO though <img src="/community/styles/default/xenforo/smilies/biggrin.png" class="smilie" loading="lazy" alt=":D" title="Big Grin :D" data-shortname=":D" /></p><p></p><p>For now -Put money into about two funds, one aggressive and one mroe stable and let it fester. When the markets low (now), try to max out your 401k whenever you can. Don't worry about what the future holds because we're all in the same ship and the money is basically untouchable. Also don't worry about what your money does day to day, as far as gains and losses. </p><p></p><p>The only thing you should be worried about for now more or less is how much you're contributing and managing your contributions. Usually every two weeks to a month I'll tweak my contributions up or down depending on my finances and how the market looks. </p><p></p><p>6-9% is a great starting point for a part-time employee. That should give you roughly 20-25$ a week. I'm assuming you are in school and not working another job. if you are working another job, you should probably up it more if you can afford it, especially with the market being so far gone.</p><p></p><p>I usually contribute around 6%, or 55-60$/week. This month I'm doing a 15% jump (145-150$/week), and then lowering for x-mas expenses.</p></blockquote><p></p>
[QUOTE="IDoLessWorkThanMost, post: 421092, member: 12912"] You should be getting an email from them regarding your account and login information if you signed up. Also, they are pretty good (from my experience) mailing the same information to the address. You don't need too much knowledge at your age. Hell I'm 30 and I don't need much at my age. Eventually once you have a decent nest egg, you'll have to start considering spreading the money you're investing around and really figure out what the hell it all means. Just MO though :D For now -Put money into about two funds, one aggressive and one mroe stable and let it fester. When the markets low (now), try to max out your 401k whenever you can. Don't worry about what the future holds because we're all in the same ship and the money is basically untouchable. Also don't worry about what your money does day to day, as far as gains and losses. The only thing you should be worried about for now more or less is how much you're contributing and managing your contributions. Usually every two weeks to a month I'll tweak my contributions up or down depending on my finances and how the market looks. 6-9% is a great starting point for a part-time employee. That should give you roughly 20-25$ a week. I'm assuming you are in school and not working another job. if you are working another job, you should probably up it more if you can afford it, especially with the market being so far gone. I usually contribute around 6%, or 55-60$/week. This month I'm doing a 15% jump (145-150$/week), and then lowering for x-mas expenses. [/QUOTE]
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