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<blockquote data-quote="Benben" data-source="post: 1142800" data-attributes="member: 25133">Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20Brutal week we just had.&nbsp; 401K fell 2.30% in 1 week.&nbsp; But to put this into perspective, for the year it is still up a little over 15% and the year isn&#039;t 1/2 over yet.&nbsp; I have been waiting for the market to take a little breather from it&#039;s huge run-up since the beggining of the year.&nbsp; This maybe it.&nbsp; We saw the Fed test the waters on how the market will react when they stop the QE&#039;s with the release of their discussions this week.&nbsp; That, coupled with the news out of Japan reinforced the, &quot;sell in May,&quot; mantra.The cash amount sitting in the broker account keeps growing.&nbsp; It sometimes gets frustrating looking at it sitting there not earning anything.&nbsp; Then the right side of my brain kicks in and I realize buying in at a bad entry point because I was not patient is about the worst thing I can do.Summer-Vacation peak season is here.&nbsp; Hit right at 59 hours when I punched out Friday.&nbsp; I think this summer is going to be crazy-busy.&nbsp; My next financial move will be to bump the allocation going into the 401K (roth and after tax) a good 5%.&nbsp; Keep the checks the same while increasing the savings.&nbsp; On a side note, I read an article this morning.&nbsp; The gist of it was this;&nbsp; Assuming a 25 year retirement and a 6% anual return.&nbsp; For every $1,000 in monthly income you need $200,000 invested.&nbsp; Translated....according to this author, to make only $12,000 a year in retirement a person needs to have saved $200,000 when he/she retires.&nbsp;&nbsp; The whole, &quot;You need X-times salary saved at retirement to maintain standard of living&quot;&nbsp; sometime gets lost in translation.....food for thought.</blockquote>

[QUOTE="Benben, post: 1142800, member: 25133"] [b]Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20[/b] Brutal week we just had. 401K fell 2.30% in 1 week. But to put this into perspective, for the year it is still up a little over 15% and the year isn't 1/2 over yet. I have been waiting for the market to take a little breather from it's huge run-up since the beggining of the year. This maybe it. We saw the Fed test the waters on how the market will react when they stop the QE's with the release of their discussions this week. That, coupled with the news out of Japan reinforced the, "sell in May," mantra. The cash amount sitting in the broker account keeps growing. It sometimes gets frustrating looking at it sitting there not earning anything. Then the right side of my brain kicks in and I realize buying in at a bad entry point because I was not patient is about the worst thing I can do. Summer-Vacation peak season is here. Hit right at 59 hours when I punched out Friday. I think this summer is going to be crazy-busy. My next financial move will be to bump the allocation going into the 401K (roth and after tax) a good 5%. Keep the checks the same while increasing the savings. On a side note, I read an article this morning. The gist of it was this; [B]Assuming[/B] a 25 year retirement and a 6% anual return. For every $1,000 in [B]monthly[/B] income you need $200,000 invested. Translated....[U]according to this author[/U], to make [I]only[/I] $12,000 a year in retirement a person needs to have saved [U][I][B]$200,000[/B][/I][/U] when he/she retires. The whole, "You need [U]X[/U]-times salary saved at retirement to maintain standard of living" sometime gets lost in translation.....food for thought. [/QUOTE]

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