401K

[lexicon]

Everyone still doing good?

No hypotheticals. Just thinking about my current losses and whether or not to maintain my current contributions.

[hmgROCK]

everything is down these days
you are not the only one..

give us a little background
is your employer contributing matching??  4-6% whatever your workplace offer

for example:

if they matching 6% up to 100%...
for every $500 you put in, they match it $500  = $1000
that's a 100% gain easy no effort
i take that all day....

also look at what your 401k investment are
by default... it should just be a target date index
see what your HUman resource financial guy is
sometimes they outsource it to 3rd party

it's all YMMV

[hmgROCK]

the route has always been:

i wrote it in the investment section..

step 1:    401k matching 4-6% whatever your companies is matching
step 2:    $6k roth ira for you, $6k roth ira for your nonworking/working spouse= $12k
step 3:     go back step 1 and max our your 401k ... it's $20,500

step two   $12k is already hard enough for alot of folks already

[lexicon]

Matching 6%. I'm putting 9%.

[YAX]

long run, you should be fine.  No worries.

[Hung_Low]

Everyone still doing good?

No hypotheticals. Just thinking about my current losses and whether or not to maintain my current contributions.

Keep it going... the market will swing back up before you retired.
I don't check mine that often because I'm in it for the long run and still many many years before I retire.

Matching 6%. I'm putting 9%.

I usually reach my max out point by Sept of every year... I'm at 17% currently and set it up to increase 1%/yr.

[hmgROCK]

Matching 6%. I'm putting 9%.

You need to check what kinda of investment you have in your 401k
Lol…. You might have crypto in your 401k
Some 401k allow you to go into sections like oil and tech
Or have high risk investment

Alot if them just offer target date index


Check with your Human Resources

[lexicon]

Just disappointed to see the lost.

Thanks for all input!

[hmgROCK]

Keep it going... the market will swing back up before you retired.
I don't check mine that often because I'm in it for the long run and still many many years before I retire.

I usually reach my max out point by Sept of every year... I'm at 17% currently and set it up to increase 1%/yr.

LMAO

17% and maxing the $20500 limit by September
Bro…
That means you are making $200k+++ per year

 

DAMN EVERYONE HERE IS A FAKER

[hmgROCK]

Just disappointed to see the lost.

Thanks for all input!

You shouldn’t be down more than 20-30%
Thats if you just go passive market index

If you are crypto they are like 70-80%
Maybe more

Lol

CHECK WHAT IS IN YOUR 401K

[hmgROCK]

Its HUNGLOW

you know that dude is always making up shyt
Final fantasy stuff into existence
$200k+++ is really high incomer

These poor trump supporters likes to cosplay like they are rich boy ELON

 

Plus 401k has cap limited
Its $20500 for this year
They may or may not raise the cap next year
You can’t just increase it by 1%
 

LMAO

17% and maxing the $20500 limit by September
Bro…
That means you are making $200k+++ per year

 

DAMN EVERYONE HERE IS A FAKER

[lexicon]

You shouldn’t be down more than 20-30%
Thats if you just go passive market index

If you are crypto they are like 70-80%
Maybe more

Lol

CHECK WHAT IS IN YOUR 401K

Close to 30% 

[Hung_Low]

LMAO

17% and maxing the $20500 limit by September
Bro…
That means you are making $200k+++ per year

 

DAMN EVERYONE HERE IS A FAKER

Bro, I'm poor like you... OK. It must be my calculation bro... are you ok with that now.

[Hung_Low]

Its HUNGLOW

you know that dude is always making up shyt
Final fantasy stuff into existence
$200k+++ is really high incomer

These poor trump supporters likes to cosplay like they are rich boy ELON

 

Plus 401k has cap limited
Its $20500 for this year
They may or may not raise the cap next year
You can’t just increase it by 1%
 

Damn!!! I didn't know there was cap limit. Well, I guess I need to increase it by 50% then. All this time, I've been F-ing it up.

[hmgROCK]

Bro, I'm poor like you... OK. It must be my calculation bro... are you ok with that now.

Damn!!! I didn't know there was cap limit. Well, I guess I need to increase it by 50% then. All this time, I've been F-ing it up.

Yes…

401k has contributions cap limited
Its $20500 for this year

Just estimating… asumming 0% match

You need a income of $100,000 at 20% to hit that $20500 limit
Because you say you cap it out by SEP.
You must be making $200k+*

 

We know you like to make up shyt into existence