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Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
Personal investments outside of retirement savings, yes, I have been doing pretty good and up the past two years since I was heavy in energy stocks and really loaded up during the Covid crash.
You're forgetting the inflation impact of that too. Your spending power on a dollar isn't the same as it was 2 years ago, in fact, it's not even close. So if you were planning to retire this year and had just enough to meet your goals, you probably are going to at least work another 3-4 years, if we stabilize that is.
Generally I'd agree, but check out the bond markets if you were trying to play it safe recently.I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
Personal investments outside of retirement savings, yes, I have been doing pretty good and up the past two years since I was heavy in energy stocks and really loaded up during the Covid crash.
@Stealthycat as you get closer to retirement, the strategy is to start shifting your savings into safer investments that will limit losses and provide returns. You shift from growing to preserving.
I'm doing a similar strategy as Gmail. Last year is shifted my 401k contributions from traditional to roth. I max out my HSA. I have an Etrade account where I make automatic investments in index tracking funds and put a couple bucks into some stocks just to kind of play around with. I have some crypto. A long-term investor who DCAs isn't going to worry about a two-year horizon. I just look at this as an opportunity to load up on some deals.
Generally I'd agree, but check out the bond markets if you were trying to play it safe recently.I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
Personal investments outside of retirement savings, yes, I have been doing pretty good and up the past two years since I was heavy in energy stocks and really loaded up during the Covid crash.
@Stealthycat as you get closer to retirement, the strategy is to start shifting your savings into safer investments that will limit losses and provide returns. You shift from growing to preserving.
I'm doing a similar strategy as Gmail. Last year is shifted my 401k contributions from traditional to roth. I max out my HSA. I have an Etrade account where I make automatic investments in index tracking funds and put a couple bucks into some stocks just to kind of play around with. I have some crypto. A long-term investor who DCAs isn't going to worry about a two-year horizon. I just look at this as an opportunity to load up on some deals.
I jumped on a 4% 9 month CD a week ago with some of my bond money. These kind of things (along with I-bonds) are a pretty good deal right now.Generally I'd agree, but check out the bond markets if you were trying to play it safe recently.I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
Personal investments outside of retirement savings, yes, I have been doing pretty good and up the past two years since I was heavy in energy stocks and really loaded up during the Covid crash.
@Stealthycat as you get closer to retirement, the strategy is to start shifting your savings into safer investments that will limit losses and provide returns. You shift from growing to preserving.
I'm doing a similar strategy as Gmail. Last year is shifted my 401k contributions from traditional to roth. I max out my HSA. I have an Etrade account where I make automatic investments in index tracking funds and put a couple bucks into some stocks just to kind of play around with. I have some crypto. A long-term investor who DCAs isn't going to worry about a two-year horizon. I just look at this as an opportunity to load up on some deals.
I've maxed out my I-Bonds for the year. I may gift some to my daughters as well. I believe that rate is still around 9% right now but most expect it to reset to mid 6's. I'm having to get creative with the business cash before having to rebuy inventory. Have some in an overnight sweep account which is nearing 3% annualized, but some in a short term note with another company, just way different from the past 3 years or so where short term cash was essentially 0%.I jumped on a 4% 9 month CD a week ago with some of my bond money. These kind of things (along with I-bonds) are a pretty good deal right now.Generally I'd agree, but check out the bond markets if you were trying to play it safe recently.I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
Personal investments outside of retirement savings, yes, I have been doing pretty good and up the past two years since I was heavy in energy stocks and really loaded up during the Covid crash.
@Stealthycat as you get closer to retirement, the strategy is to start shifting your savings into safer investments that will limit losses and provide returns. You shift from growing to preserving.
I'm doing a similar strategy as Gmail. Last year is shifted my 401k contributions from traditional to roth. I max out my HSA. I have an Etrade account where I make automatic investments in index tracking funds and put a couple bucks into some stocks just to kind of play around with. I have some crypto. A long-term investor who DCAs isn't going to worry about a two-year horizon. I just look at this as an opportunity to load up on some deals.
I had my wife gift me through 2024 and me the same to her. So stuffed the channel a bit. Even if it does go down it's still good diversification.I've maxed out my I-Bonds for the year. I may gift some to my daughters as well. I believe that rate is still around 9% right now but most expect it to reset to mid 6's. I'm having to get creative with the business cash before having to rebuy inventory. Have some in an overnight sweep account which is nearing 3% annualized, but some in a short term note with another company, just way different from the past 3 years or so where short term cash was essentially 0%.I jumped on a 4% 9 month CD a week ago with some of my bond money. These kind of things (along with I-bonds) are a pretty good deal right now.Generally I'd agree, but check out the bond markets if you were trying to play it safe recently.I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
Personal investments outside of retirement savings, yes, I have been doing pretty good and up the past two years since I was heavy in energy stocks and really loaded up during the Covid crash.
@Stealthycat as you get closer to retirement, the strategy is to start shifting your savings into safer investments that will limit losses and provide returns. You shift from growing to preserving.
I'm doing a similar strategy as Gmail. Last year is shifted my 401k contributions from traditional to roth. I max out my HSA. I have an Etrade account where I make automatic investments in index tracking funds and put a couple bucks into some stocks just to kind of play around with. I have some crypto. A long-term investor who DCAs isn't going to worry about a two-year horizon. I just look at this as an opportunity to load up on some deals.
They bought some stocks in July but most of the year has been dividends and Bond interest keeping us from disaster. Putting 2k a month in so hopefully a rebound will pay off well.
A nice conservative 60/40 portfolio is, right now, experiencing the 2nd worse loss on record ever. Ever. The only worse year was 1931. The other major asset class, real estate, is at -35% this year. There has been almost no place to hide. So, this administration has only managed to do better than one year of the Great Depression.
Remember the line, don't worry, it's transitory. Those guys are gone like farts in the wind.
That's certainly one way to react to inflation induced adjustmentsWorkers age 50 and over will benefit in particular from the new 401(k) contribution limits for 2023.
This is big. Nice job Joe Biden.
Workers age 50 and over will benefit in particular from the new 401(k) contribution limits for 2023.
This is big. Nice job Joe Biden.
Workers age 50 and over will benefit in particular from the new 401(k) contribution limits for 2023.
This is big. Nice job Joe Biden.
Next year I'll be able to theoretically stash away $39,100. That's a big bucket.Workers age 50 and over will benefit in particular from the new 401(k) contribution limits for 2023.
This is big. Nice job Joe Biden.
Workers age 50 and over will benefit in particular from the new 401(k) contribution limits for 2023.
This is big. Nice job Joe Biden.
why are there limits anyway ?
I'm all for this. but why only 2k?Workers age 50 and over will benefit in particular from the new 401(k) contribution limits for 2023.
This is big. Nice job Joe Biden.
A lot of people don't make enough to put that much away.
