401k transfer

[ManInBrown]

Have you seen the shape of the pension plans?
Not just UPS.

I max out every year. Unfortunately I am 100% in the stock market so right now I’m sick to my stomach.

 

[Wilson1397]

Have you seen the shape of the pension plans?
Not just UPS.

I’m saving enough in other retirement accounts so I don’t need to rely on a pension. If it’s there it will just be bonus.

 

[IVE GOTTA PACKAGE 4U]

I max out every year. Unfortunately I am 100% in the stock market so right now I’m sick to my stomach.

It's a hard pill to swallow. Especially when you have 6 digit loses.
I completely understand.
Just don't get emotional, trust me I know it's hard.

 

[IVE GOTTA PACKAGE 4U]

I’m saving enough in other retirement accounts so I don’t need to rely on a pension. If it’s there it will just be bonus.

I wanted enough to give me a little extra money between when I retire and until I collect SS

 

[ManInBrown]

It's a hard pill to swallow. Especially when you have 6 digit loses.
I completely understand.
Just don't get emotional, trust me I know it's hard.

Yes. The world might never be the same after this. More important things to worry about.

 

[Brownslave688]

There’s a company offering a $200 bonus if I transfer

How bout just up the percentage that you’re putting in. With those low of numbers your quarterly balance will likely always be more

 

[burrheadd]

I know guys that have 0 in their 401k’s and plan on living off pension

if this market doesent slow down I might be one of them

 

[ManInBrown]

Just checked. I’ve lost 33% of my balance. Lol.

 

[Sissy Brown Short Shorts]

I used to have like $900 & now I have like $600. Is there a way to transfer the teamster 401k to another company 401k. Thanks

I’ve lost like 5k quit your belly aching.

 

[542thruNthru]

I’ve lost like 5k quit your belly aching.

I've lost a lot more than 5k lol

 

[Jackburton]

I've lost a lot more than 5k lol

Same here, I haven’t even checked my retirement.

 

[Sissy Brown Short Shorts]

Same here, I haven’t even checked my retirement.

Is this what a divorce feels like?

 

[Alamo Joe]

You could move it all to the stable value fund.

 

[ManInBrown]

You could move it all to the stable value fund.

No way. It’s too late to bail. Now you gotta buy cheap and stay in it.

 

[No1 Special]

I am down 36% for the year, but I heard the stock market is having a huge sale going on right now, so I doubled my contribution rate, missed out in 08 not missing this one. Don't know where the bottom is, but I have seen the top. I just wish Dave would quit doing taxes and give us all advice, but he is going to be busy until July at Jackson Hewitt.

 

[hellfire]

It will be worth $150 next week.

You mean 50

 

[DriveInDriveOut]

I am down 36% for the year, but I heard the stock market is having a huge sale going on right now, so I doubled my contribution rate, missed out in 08 not missing this one. Don't know where the bottom is, but I have seen the top. I just wish Dave would quit doing taxes and give us all advice, but he is going to be busy until July at Jackson Hewitt.

The bitch of a recession is it's a great opportunity to buy low, but lots of people lose their jobs and can't afford to.

I just hope things don't get bad enough for layoffs to get up to me cause this could be a once in a generation sale.

 

[IVE GOTTA PACKAGE 4U]

You mean 50

17,000 I'm dipping my toes in. 15k all in.

 

[IVE GOTTA PACKAGE 4U]

The bitch of a recession is it's a great opportunity to buy low, but lots of people lose their jobs and can't afford to.

I just hope things don't get bad enough for layoffs to get up to me cause this could be a once in a generation sale.

My wife said use whatever resources you need to.

 

[hellfire]

17,000 I'm dipping my toes in. 15k all in.

Dude I’m over 80k ,, 4 days ago.It’s only gonna get worse