401k

[nangiggles]

How do you bishes handle yours? do you put only as much as your employer matches, do you set it to low risk, mild, aggressive, regular stock, forex, do you pick out your own investments or do you let the 401k financial peeps decide?

Fuck I'm nosey! I just don't know dick and want opinions

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[C0LUMB0]

How do you bishes handle yours? do you put only as much as your employer matches, do you set it to low risk, mild, aggressive, regular stock, forex, do you pick out your own investments or do you let the 401k financial peeps decide?

Fuck I'm nosey! I just don't know dick and want opinions

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real talk

 

[cindylou]

I liquidated mine and bought silver, guns, and a survival seed vault. Mainly apricot seeds

 

[C0LUMB0]

Apricot seeds......

 

[PICK3]

How do you bishes handle yours? do you put only as much as your employer matches, do you set it to low risk, mild, aggressive, regular stock, forex, do you pick out your own investments or do you let the 401k financial peeps decide?

Fuck I'm nosey! I just don't know dick and want opinions

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loooook @ meeeeeeeeeeee!

I have a fancy job with matching 401k!!!!!!!!!!

 

[miplank]

I gotta bish that handles all that for me

 

[Soulthief]

Don't exceed the match. I match dollar for dollar to get their "free money". Anything over that can be invested in better ways. I use an age based system that adjusts as I get older and takes into account the age you want to retire.

 

[bigbassturd]

Mutual fund/ roth IRA for me.

I take my VA check and dump it into my 401k up to the point of matching. Beyond that, it goes into a separate roth ira and mutual fund.

I have two full time jobs with good pensions, so I don't need my VA checks. Better to invest. Gonna retire at 40 with enough money to not worry about a damn thing.

 

[Fishak]

Baller^^^

 

[bigbassturd]

Baller^^^

if I was a baller I wouldn't have to work 80 hours a week

 

[Soulthief]

if I was a baller I wouldn't have to work 80 hours a week

Blue Baller

 

[bigbassturd]

Buahahaha

 

[youpissmeoff]

I always put in max I was allowed and invested in stock mutual funds.

 

[samoth]

How do you bishes handle yours? do you put only as much as your employer matches, do you set it to low risk, mild, aggressive, regular stock, forex, do you pick out your own investments or do you let the 401k financial peeps decide?

Fuck I'm nosey! I just don't know dick and want opinions

Sent from my HTC One V using EliteFitness

At minimum, take your employer's match. It's free money. Beyond that, it's a judgement call in terms of current and future financial scenarios.

If you're younger, go with a more aggresive portfolio. As you get older, you'll want to decrease your risk. When you start to near retirement, you'll want almost all of your portfolio out of risky assets, and you'll be focused on preserving your capital.

It should go without saying, but don't even touch forex.

I'm not really a fan of 401(k) accounts because there's almost no control over the holdings. Sure, you can pick some random mutual fund or company stock, but you're extremely limited in what you can do, and will never know exactly what the funds are doing with your money. This can vary by company, but most companies won't give you many options. Unfortunetly, we don't really have a choice... so if you want to take a more "active" role in your 401(k), go for it. If you don't care or don't know how, just get free advice from your financial department at work (don't pay for a financial planner unless you have complicated stuff going on).

The one thing you'll probably want to read up on is how mutual funds charge you for their services: front-end, back-end, etc. A good place to start is Mutual fund fees and expenses - Wikipedia, the free encyclopedia -- see the external links at the bottom of that page for additional information. This is something you'll want to be aware of.

HTH

 

[chewyxrage]

Samoth has good advice as always. I administer the 401K at my company and he's right, you can't pick and choose stocks, its all mutual funds which is pretty shitty.

However, as a long term investment tool, I'd highly recommend taking advantage (at the bare minimum) whatever your employer matches.

I personally put about 7% of my pay check into "life time" funds. To which they adjust how aggressive your investments are based on your age. In the last 7 or so years I've been in it, up around 15%, which ain't bad. It pretty much follows the market and if you get lucky you're up. Those have the lowest fund fees.

I also put around 4% of my income into a Roth IRA. These things are great because you can take out your principal cash you put in whenever you want, you just can't touch the earnings. You can also pick and choose specific stocks which allows you greater control over your money. And its more fun

 

[PICK3]

my money is tied up in stacks!

 

[Dial_tone]

Mutual fund/ roth IRA for me.

I take my VA check and dump it into my 401k up to the point of matching. Beyond that, it goes into a separate roth ira and mutual fund.

I have two full time jobs with good pensions, so I don't need my VA checks. Better to invest. Gonna retire at 40 with enough money to not worry about a damn thing.

<---- confused. You're 26, Mormon so your two years in Chile was likely a mission; meaning you finished your ME degree at 24? Now you have a wealthy dad, live rent free but have two full time jobs and get a VA check. I'm looking to get taken care on the down low. I'm a good spotter and I give a great hand job... been giving them two myself for years now. You in?

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[PICK3]

<---- confused. You're 26, Mormon so your two years in Chile was likely a mission; meaning you finished your ME degree at 24? Now you have a wealthy dad, live rent free but have two full time jobs and get a VA check. I'm looking to get taken care on the down low. I'm a good spotter and I give a great hand job... been giving them two myself for years now. You in?

Sent from my Nexus 7 using Tapatalk HD

wrong young dood

 

[Dial_tone]

All you white folks chat alike...

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[PICK3]

All you white folks chat alike...

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some lisp

 

[smurf2]

lol @ confusing BBT with the mormon nerdvirg

 

[bigbassturd]

I'd swallow a bullet before I swore off poosie

 

[zwhit]

I often confuse the two myself

 

[bigbassturd]

Wtf? I look nothing like Joe Rogan..

 

[zwhit]

Posting style/personality seems very similar

 

[bigbassturd]

I don't kick kids' asses either.

And I believe in Jesus.

 

[zwhit]

I don't kick kids' asses either.

And I believe in Jesus.

Lololol. DBaG is a good bro for a faggot though

 

[PICK3]

Wtf? I look nothing like Joe Rogan..

olololololol!

 

[Soulthief]

Lololol. DBaG is a good bro for a faggot though

They prefer to be called geigh.

 

[binö]

my employer matchs up to 5% so at a minimal i match 5.
fuct myself last year trying to follow stock market trends, and i was switching where my 401k money was going pretty regularly ( i can fuck with my account 2 a week every week of the year) and i thought i was doing good but looking at my statement the other day my interst on the year was a paltry 2.8% should been 6-8 wtf

 

[Soulthief]

my employer matchs up to 5% so at a minimal i match 5.
fuct myself last year trying to follow stock market trends, and i was switching where my 401k money was going pretty regularly ( i can fuck with my account 2 a week every week of the year) and i thought i was doing good but looking at my statement the other day my interst on the year was a paltry 2.8% should been 6-8 wtf

Ouch. Yeah, last year two guys I work with had it all figured out and played with their 401k like Wall Street brokers. One young guy did like you the other is 73 and lost almost 70,000.

 

[PICK3]

my employer matchs up to 5% so at a minimal i match 5.
fuct myself last year trying to follow stock market trends, and i was switching where my 401k money was going pretty regularly ( i can fuck with my account 2 a week every week of the year) and i thought i was doing good but looking at my statement the other day my interst on the year was a paltry 2.8% should been 6-8 wtf

don't worry young Bino you're just stacking up shares

you want them to blow up a few years before you retire

 

[Fishak]

I just keep my 401k in the geigh mutual funds. I have an old ira, roth and brokerage acct to rock the stocks. Did pretty good last year. I am kickin ass so far this year. Ive had several good trades for 2013 so far. Ive been selling and taking profits, waiting for a pullback. Half of my ira accounts are in cash. This market is a bit toppish imo.

 

[miplank]

my employer matchs up to 5% so at a minimal i match 5.
fuct myself last year trying to follow stock market trends, and i was switching where my 401k money was going pretty regularly ( i can fuck with my account 2 a week every week of the year) and i thought i was doing good but looking at my statement the other day my interst on the year was a paltry 2.8% should been 6-8 wtf

Actually you'd be matching at a maximum of 5%. Anything over that you ain't matching dick, just contributing.

 

[miplank]

 

[cindylou]

Stfu

 

[miplank]

 

[cindylou]

Lol j/k

 

[dabuffguy]

They prefer to be called geigh.

Faggot is a more fitting term.

 

[wootoom]

Dabuff looks like the brother off of Walking Dead

 

[wootoom]

View attachment 101253

 

[binö]

Stfu

....

 

[nangiggles]

At minimum, take your employer's match. It's free money. Beyond that, it's a judgement call in terms of current and future financial scenarios.

If you're younger, go with a more aggresive portfolio. As you get older, you'll want to decrease your risk. When you start to near retirement, you'll want almost all of your portfolio out of risky assets, and you'll be focused on preserving your capital.

It should go without saying, but don't even touch forex.

I'm not really a fan of 401(k) accounts because there's almost no control over the holdings. Sure, you can pick some random mutual fund or company stock, but you're extremely limited in what you can do, and will never know exactly what the funds are doing with your money. This can vary by company, but most companies won't give you many options. Unfortunetly, we don't really have a choice... so if you want to take a more "active" role in your 401(k), go for it. If you don't care or don't know how, just get free advice from your financial department at work (don't pay for a financial planner unless you have complicated stuff going on).

The one thing you'll probably want to read up on is how mutual funds charge you for their services: front-end, back-end, etc. A good place to start is Mutual fund fees and expenses - Wikipedia, the free encyclopedia -- see the external links at the bottom of that page for additional information. This is something you'll want to be aware of.

HTH

My company matched up to 3% now they only match 50% of my contribution up to 10% in other words they match a max of 5% on my 10%, I as thinking of putting 7 or 8 to get 3.5-4 match, since I'm young I do have it in aggressive, just wanted some input to see what others do and match.

It's not a 401k though they call it 403b

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[wootoom]

Cool fucking stories

 

[nangiggles]

Cool fucking stories

You mad?

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[wootoom]

What do you fucking think

 

[samoth]

My company matched up to 3% now they only match 50% of my contribution up to 10% in other words they match a max of 5% on my 10%, I as thinking of putting 7 or 8 to get 3.5-4 match, since I'm young I do have it in aggressive, just wanted some input to see what others do and match.

It's not a 401k though they call it 403b

Sent from my HTC One V using EliteFitness

Eek, sucks they took away the full match.

In your case, I'd put as much in as possible. I don't know your financial situation or if you have a family/kids, though, and obviously that plays an important role in your decision.

I don't know anything about 403(b) plans... maybe Chewy can pitch in on this one.

 

[chewyxrage]

403(b) is the exact same as a 401K, just for non-profit organizations

Nan, your last post is a bit confusing. They match 50% up to 10%? So at the most they will match $0.10 per dollar you contribute? Explain that a bit more if you can.

 

[nangiggles]

403(b) is the exact same as a 401K, just for non-profit organizations

Nan, your last post is a bit confusing. They match 50% up to 10%? So at the most they will match $0.10 per dollar you contribute? Explain that a bit more if you can.

They will match 50% of my contribution percentage up to 10% maximum, if I put 4% they put 2%, I do 6 they do 3, I do 10 they do 5, if I do 12 they still do 5 max

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[jdynasty]

Recently I was told by a financial planner that the best thing to do is keep your 401K around 9%. Not sure how true that is?