Does Blackrock have a better 401k option than UPS/Teamsters 401k?

[Over70irregs]

BlackRock looks to make monthly paychecks part of 401(k) employee retirement plans

BlackRock is reportedly looking to shakeup employers’ default retirement strategies by turning a portion of retirement savings into fixed lifetime payments through target-date funds embedded …

nypost.com

 

[Babagounj]

FEES !
That is the real option one needs to look at.
Since the UPS/Teamster 401K Fund covers most fees, I pay less than $2 a month for my account.

 

[100%ORIONComplianceGuy]

FEES !
That is the real option one needs to look at.
Since the UPS/Teamster 401K Fund covers most fees, I pay less than $2 a month for my account.

I haven’t looked at them in years, but I remember those “target date funds“ in our 401(k) having higher fees. Bright Horizon? Anyway….. Some people consider the fees minimal but I will avoid crap like that just on principal alone.

 

[IVE GOTTA PACKAGE 4U]

I haven’t looked at them in years, but I remember those “target date funds“ in our 401(k) having higher fees. Bright Horizon? Anyway….. Some people consider the fees minimal but I will avoid crap like that just on principal alone.

The target funds have a slightly higher fee because they have to be managed unlike the s&P 500

 

[oldngray]

The target funds have a slightly higher fee because they have to be managed unlike the s&P 500

Index funds do have lower fees and over the long term they are hard to beat.

 

[oldngray]

I haven’t looked at them in years, but I remember those “target date funds“ in our 401(k) having higher fees. Bright Horizon? Anyway….. Some people consider the fees minimal but I will avoid crap like that just on principal alone.

The Bright Horizon funds were not very good.

 

[Babagounj]

I stick to the Index Funds.
Sure they can be volatile if one were to follow them daily.
But over time , they are the best option.
Again, one must remember that TIME is your best friend when investing.

 

[pkgdriver]

The Bright Horizon funds were not very good.

I believe our friend Dave said the opposite.
They were really bad for a while especially paying a higher fee.
I looked a few months ago and they seem to be better but still not good enough.

 

[Over70irregs]

I stick to the Index Funds.
Sure they can be volatile if one were to follow them daily.
But over time , they are the best option.
Again, one must remember that TIME is your best friend when investing.

Time is becoming a diminishing factor when having 1 Trillion/100 days. The clock is not our friend. This is a problem….. leaves you with a nothing burger in buying power.

 

[BadIdeaGuy]

Time is becoming a diminishing factor when having 1 Trillion/100 days. The clock is not our friend. This is a problem….. leaves you with a nothing burger in buying power. View attachment 482442

Lol.

Speculative crypto investing is not a better option than an index fund diversified across many companies and sectors.

 

[IVE GOTTA PACKAGE 4U]

Lol.

Speculative crypto investing is not a better option than an index fund diversified across many companies and sectors.

It's fine for your play money but not for your retirement money

 

[Over70irregs]

Lol.

Speculative crypto investing is not a better option than an index fund diversified across many companies and sectors.

Stay away from Crypto. Only one true player.

 

[BadIdeaGuy]

Stay away from Crypto. Only one true player. View attachment 482446

Your statement is wrong, and Bitcoin is speculative and not a replacement for proper retirement planning.

 

[Over70irregs]

Your statement is wrong, and Bitcoin is speculative and not a replacement for proper retirement planning

Up to right speculative? Your pension and 401k will be absorbed. Try to hold your own keys. If not comfortable I can post resources for you.

 

[BadIdeaGuy]

Up to right speculative? Your pension and 401k will be absorbed. Try to hold your own keys. If not comfortable I can post resources for you.
View attachment 482450

You literally just spam this stuff.

Bitcoin is not a replacement for a 401K.
End of story.

 

[IVE GOTTA PACKAGE 4U]

You literally just spam this stuff.

Bitcoin is not a replacement for a 401K.
End of story.

How about some nice I bonds?

 

[Over70irregs]

You literally just spam this stuff.

Bitcoin is not a replacement for a 401K.
End of story.

The story ends in 401k capitulation. Life is not fair. I have time in also. If you end up on the wrong side of a trend you get gradually crushed. You want to align with an apex idea. Second best is SP493 mediocrity.

 

[100%ORIONComplianceGuy]

The target funds have a slightly higher fee because they have to be managed unlike the s&P 500

I could also never get on board because I was never sure about those target dates. Had no clue at the time how long I would actually stick around.

I stick to the Index Funds.
Sure they can be volatile if one were to follow them daily.
But over time , they are the best option.
Again, one must remember that TIME is your best friend when investing.

Time.....not timing is key. I'm not savvy enough, nor have the guts, to try and time anything. "Smash buying" stocks and Bitcoin on top of my DCAs is the gutsiest moves I've made as far as investments.

Lol.

Speculative crypto investing is not a better option than an index fund diversified across many companies and sectors.

Bitcoin might be the exception. I mean....as a society we are used to depending on 5-10 year track records for choosing funds in 401ks/IRAs. Bitcoin has a solid 15 year or so track record. I guess in the end its all speculative though. I continue to invest in my 401k and Bitcoin regardless of any FUD thats out there. And believe i have a nice balance.

 

[Over70irregs]

We are rare birds. We have 401(k)s pensions, and maybe a little real estate. And now we get a front row seat for the digitization of real-world assets. Amazing

 

[scratch]

Stay away from Crypto. Only one true player. View attachment 482446

I bought some Ethereum at $230 and I've done great with it. The other coins, another story. I'm up three times my actual cash investment.