Have you checked your 401K recently?

Have you checked your 401K recently?

Re: Have you checked your 401K recently?

don't even look at it. I'll be working for another 30 years I'm sure; what goes down will go back up eventually.

Re: Have you checked your 401K recently?

Re: Have you checked your 401K recently?

Re: Have you checked your 401K recently?

i occasionally check but i wont, i have another 30 years or so to work!

Re: Have you checked your 401K recently?

Re: Have you checked your 401K recently?

i told DH last night that he better not even think about looking at his statements. neither am i. i'm leaving my investments just as they are. i think if i was 50 i'd worry a bit more, but i'll be working at least another 30 years, i'm sure i'll gain back what i've lost, and then some.

Re: Have you checked your 401K recently?

I refuse to look at my TSP ( government 401K basically ) BUT I opened up an article that listed how down each fund is and I am so mad that I accidentally saw it!!

Re: Have you checked your 401K recently?

I won't look--I know it'll be down but I've got many years of working ahead so the way I see it, it's a temporary blip.
Now if I were retiring right now.....I'd be

Re: Have you checked your 401K recently?

Yes true...we have time. But its just like ouch for right now. I dont like seeing that. But then again what did I expect???

Re: Have you checked your 401K recently?

if there's any positive to this, you'll now be getting more shares for your $$, so when the market picks up again, there just might be a nice return to be had.

Re: Have you checked your 401K recently?

Re: Have you checked your 401K recently?

DH tracks our finances in Quicken and told me how much we lost yesterday....

I'm confident that the market will rebound, and in the meantime we put our wedding gift money into a 6 month CD. We're considering putting some of my savings into the market, but I don't know... I'm not a very risky person...

Re: Have you checked your 401K recently?

dh's has gone down bye $10k BUt his company was also bought by somebody else beginning of the year and they said something about all of it not being available now, so its been like this. He hasnt checked recently and doesn't want to lol. But theres no plans to dip into the 401k anytime soon, you get taxed too heavily on it so its ok. The only thing is that we are using his 401k as liquid assets for a mortgage

Re: Have you checked your 401K recently?

I'm afraid to look!

Re: Have you checked your 401K recently?

Down about 20%.

It's true that you don't need to worry about spending it right now, but it is still good to know b/c: a) you can always switch your investments around if you are involved in something risky and would prefer to get into something more stable and; b) you can take tax tax-free loans from your 401k (though not advisable unless you plan to continue making regular contributions while paying back the loan) and it's good to be aware about whether that option is there based on the balance of your account.

Re: Have you checked your 401K recently?

I didn't look at mine... don't wanna know either. I retire in 9 years.

Re: Have you checked your 401K recently?

UPDATE....this economy *****. I just checked mine again and its down even more. I feel bad for people who are retiring soon. DH says it will come back but I dont see it coming back to what it was!

Re: Have you checked your 401K recently?

Re: Have you checked your 401K recently?

Down 24%