post in here if you got a 401k/ROTH IRA plan

[Blankthawtz]

props to those who started they 401k in they early 20's and had it follow them....i knew nothin about 401k's when i was 20 but i knew it was important enuff to start...

 

[Stuntone]

401k plans are the biggest scam in world history. You'll see.

 

[john goodman]

fukk that... sucker money straight up

The guys that handle this money... I wouldnt trust to wipe my ass

 

[CrimsonTider]

401k plans are the biggest scam in world history. You'll see.

You're right, but there is no other choice.

 

[BlvdBrawler]

401k plans are the biggest scam in world history. You'll see.

Took you long enough breh. I was wondering "When is that 401(k) is a scam" guy gonna show up.

 

[Atlrocafella]

had mines for about 2 year so far..I should be getting my 1st quarter report soon.

 

[ryderldb]

I need open up an IRA. What kinda funds you guys investing in?

 

[Stuntone]

I'm not going to go in on 401k plan this go around, but I'll say have a plan B brethren.


Don't put all your eggs in one basket like most 401k investors.

 

[NYK Loyalist]

I got the 401k, pension, Roth IRA and whole life insurance that pays dividends. I've never met anyone who planned correctly for retirement so I always wanted to make sure i did

 

[BlvdBrawler]

I'm not going to go in on 401k plan this go around, but I'll say have a plan B brethren.


Don't put all your eggs in one basket like most 401k investors.

What exactly is going to happen to all the money we put away in our 401(k) accts?

 

[mannyrs13]

What exactly is going to happen to all the money we put away in our 401(k) accts?

They gonna use it to pay the Chinese.

Mine ain't no big stash but it's growing. Started soon as I was eligible. Gotta check my contributions and move them around based on which funds are doing the best right now.

 

[Rawtid]

I'm not going to go in on 401k plan this go around, but I'll say have a plan B brethren.


Don't put all your eggs in one basket like most 401k investors.

If a company matches it's best to put in no more than the percentage they will match. Anymore than that and it's not even worth it.

I got the 401k, pension, Roth IRA and whole life insurance that pays dividends. I've never met anyone who planned correctly for retirement so I always wanted to make sure i did

Term life is better.

 

[STEVE]

i took about a 3K loan on mine to pay for a month-long yoga teacher training retreat. it is paid off now and the money i make teaching yoga is a great second income. personally i don't give a fukk about retirement anymore and would really love to leave this job, roll my 401K into a roth IRA, then liquidate that if i could and use the money to start my own business.

 

[NYK Loyalist]

If a company matches it's best to put in no more than the percentage they will match. Anymore than that and it's not even worth it.



Term life is better.

I have a term policy also but with term you are not getting any returns and after the term is up you no longer have the coverage. Term is like renting insurance. If you take out a 20 yr term policy at age 30 you more than likely will outlive that policy and if you try to take out a new term policy at 50 its going to be just as expensive as if you take out a whole life at 30 if not more.Whole life is there forever and it has cash value, by year 10 of my policy my guaranteed growth yearly is more than my yearly premiums so its well worth it and its something I can guarantee my kids will have when I die

 

[mson]

You're right, but there is no other choice.

Exactly

If a company matches it's best to put in no more than the percentage they will match. Anymore than that and it's not even worth it.

There you go. I started contributing three years into working at my job, so I put in more than the match to catch up for the time I lost.

I got 401k, pension, mutual funds and stocks.