convert those shyts to Roth IRA's when you leave your job instead of rolling them over into the new plan with the new job and thank me later
Post a screenshot of your 401K balance
- Thread starter Dusty Bake Activate
- Start date
BlvdBrawler
Superstar
Screenshot looks like a regular old post on the Coli...
Up 17k in 5 months. Market has been on a tear!
Hmm, I went into scaredy cat mode years ago and moved all funds into a conservative portfolio.
Up 17k since then. Market has been on a tear.
The plus is I didn't take a bath and there was a small amount of growth. The minus is the riskier portfolios eventually rebounded.
BlvdBrawler
Superstar
Eh, gotta just ride the ups and downs breh. It's gonna be 25 years before I need this money. Gotta let it do what it do.
Dusty Bake Activate
Fukk your corny debates
I'm up to 76k now. I don't have enough capacity for delayed gratification to come up from my 6% though.
Up 17k in 5 months. Market has been on a tear!
BlvdBrawler
Superstar
That's good shyt. And in all honesty rate of return and time in the market matters more than contribution percentage. I just put a lot in because I hate paying taxes.
cleanface coney
Superstar
i met with Fidelity Investments at my job and the guy here said i should start one and be willing to give up 5k from the get go
but he was also talkin about investments in which i can see my money make money in a shorter timeframe
i know its good to have one...but is this really worth it? esp if you tryna make money right now?
but he was also talkin about investments in which i can see my money make money in a shorter timeframe
i know its good to have one...but is this really worth it? esp if you tryna make money right now?
cleanface coney
Superstar
see this what he was talking about right here
Julius Skrrvin
I be winkin' through the scope
Dusty Bake Activate
Fukk your corny debates
Word. I'm glad I never paid attention to the "the sky is falling and we're going to be Zimbabwe" libertarian clique in KTL.
BlvdBrawler
Superstar
IMO you have to do it. Can't count on social security and / or pension like our parents did. You should definitely have a 401(k) as well as an IRA and some real estate to retire comfortably.
As far as shorter timeframes I can't really speak to that. I'm all about long-term investing because that's where you really reap the benefit of compound interest. I'm sure there's ways to make it work but other posters could probably explain it better than I could.
