Discussion in 'UPS Discussions' started by terrymac, Sep 16, 2008.
anyone else having a hard time accessing ups/teamsters 401k?
Do you mean online or on the phone?
no trouble I did it online
I had no problem logging on earlier.
No Problem, But I don't know if you want to visit your 401-k??
All of our 401-k's have took a hit because of this bad economy.
And, Check in just a couple of weeks it's gonna get worse. Seriously.
But, Fear not. 401-k is long term. As long as you don't panic and withdraw your money you should be okay in a few years.
Mikestrek is right to a point. Unless you need to cash out a long-term investment vehicle like the 401K, just sit tight, accept the fact that your investment may be worth 10% less (or more) than it was at the beginning of the year, and wait for things to improve. If you're depositing money in each month, think of how many MORE shares that you're getting with your same percentage contribution.
You should also make sure that you set your automatic rebalancing tool in the 401K to rebalance your funds at least every 6 months. This way, your funds "reset" themselves to your chosen mix. So, if you're international stock is up 4% and your domestic small-cap stock is down 10%, your automatic rebalancing act will lock in the 4% gains and purchase more of the stock that's "on-sale" which is down 10%. Then, you have that many more shares in your account when the small-cap starts to rise.
This false economy we live in where everyone borows to live beyond their means and no one saves is finally biting this country in the butt. It's gonna be a long haul to get back but hopefully it's a buying opportunity.
Don't look at it for a while (year?) unless you understand the fluidity of the market. Most of us owning primarily stocks have lost a lot compared to last year but if your in that investment catagory your target retirement age should be a decade or two away. . Consider this, stocks are way down and you are now buying at a significant discount. The economy will recover and stock values will appreciate. Diversify your future contributions and wait. For those about to retire....if you're primarily stock, well that's just plain stupid, and a heck of a gamble.
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