Comments on: What Are You Doing About Your 401(k) In This Struggling Economy?

By: GradGirl

GradGirl — Sat, 01 Nov 2008 23:54:04 +0000

I swear, call me a rookie, but no matter how many times I read/hear advice like this, I still am gun-shy. I just can’t bring myself to put more into the stock market yet (my Roth IRA is already maxed and I don’t have the option at work for a 401K, so that’s irrelevant). I know I’ve heard advisors say you should listen to your gut, so that’s comforting—at some point, I will know it’s the right thing to do for me. Not yet.

By: Kathy

Kathy — Sat, 25 Oct 2008 19:57:01 +0000

I increased my 401k to 13%, but am putting all new money into TBills – not loosing, but not making anything. II increased my 401k to 13%, but am putting all new money into TBills – not loosing, but not making anything. I will move it into specific funds at a later date. I left all the rest of the 401k funds where they are – lose or gain. The only thing I worry about are future tax increases when I am old enough to pull from my 401k. I’m in the long haul. Hopefully I live long enough to use it! will move it into specific funds at a later date. I left all the rest of the 401k funds where they are – lose or gain. The only thing I worry about are future tax increases when I am old enough to pull from my 401k. I’m in the long haul. Hopefully I live long enough to use it!

By: Rhea

Rhea — Sat, 25 Oct 2008 13:16:58 +0000

I haven’t touched my 401K. I know I am picking up shares at a lower price. I am sitting tight and not changing much of anything. I am, however, increasing my savings. I keep it in a simple account that draws a bit of interest. Nothing fancy. I just want it there in a few years when the turmoil dies down.

By: budgets are sexy

budgets are sexy — Sat, 25 Oct 2008 00:11:35 +0000

keeping it exactly the same – 19% per paycheck till that bad boy is maxed out! i’d totally pump up the % even more if i could swing it right now…..everything is like 50% off! haha…

By: Green Panda

Green Panda — Fri, 24 Oct 2008 12:40:14 +0000

We haven’t allowed the struggling economy to stall or top our retirement contributions.