Should I max my 401K contributions?

[Maddmike]

You shouldn't max out your 401k, just put in as much as the company can match. Create a savings account that won't be impacted by the market and put whatever you want to save in there.

Interest rates are horrible right now

 

[mson]

Doesn't exist.

It won't be as effected as much as your 401k if the market takes a hit.

 

[CrimsonTider]

I never said is was a terrible program. Im saying its better ways to invest. I personally wouldnt max it. Invest that money in better things.

How are there better ways to invest when someone (your employer) is giving you money to invest when you invest?

 

[BlvdBrawler]

It won't be as effected as your 401k when the market takes a hit.

Fixed.

People gotta understand, a 401(k) is a long-term investment! There *will* be down periods. It's going to happen, and those periods may even last for YEARS.

But again, the key here is long-term. Take advantage of those down periods to cost-average your investments by increasing your monthly contribution. You will win in the end.

 

[The Nigerian]

Fixed.

People gotta understand, a 401(k) is a long-term investment! There *will* be down periods. It's going to happen, and those periods may even last for YEARS.

But again, the key here is long-term. Take advantage of those down periods to cost-average your investments by increasing your monthly contribution. You will win in the end.

"In the long run we are all dead."

-John Maynard Keynes

 

[BlvdBrawler]

How are there better ways to invest when someone (your employer) is giving you money to invest when you invest?

They ain't hear you breh.

Literally, SOMEONE ELSE IS PAYING YOU TO INVEST MONEY.

 

[Maddmike]

How are there better ways to invest when someone (your employer) is giving you money to invest when you invest?

Well do you have a roth or reg 401? A few pages back I explained it. How much is your employer matching?

 

[BlvdBrawler]

"In the long run we are all dead."

-John Maynard Keynes

You'll be old before you'll be dead my dude.

 

[mannyrs13]

just because a 401k is a retirement account doesn't mean you should let it be until you retire. it should be checked on constantly. there are plenty of funds to invest in. some more volatile than others. sure it's a gamble but that's what investing is. if you don't feel comfortable risking money then put it all in a conservative or moderate fund. you won't get much of a return tho. or if you notice some recent losses in your account then switch up your funds. divide them up among different funds so it can even out any losses. losses happen all the time. it's knowing how to minimize them that earns you money in the long run.

 

[The Bilingual Gringo]

I love these threads

Vague Mattress Crew are always good for laughs

 

[mson]

Interest rates are horrible right now

Thats for everthing, what are going to do?

 

[Maddmike]

Thats for everthing, what are going to do?

Gold, large cap mutual funds, and foreign bank accounts.