Comments on: No Guarantees With Your 401k http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/ Debt free, financially independent and retired early Sun, 31 Jan 2010 22:17:54 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: kim http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/comment-page-1/#comment-74216 kim Wed, 19 Nov 2008 19:00:27 +0000 http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/#comment-74216 In light of the recent financial crisis - it is a shame 401Ks are not protected in some way. Those who work for the federal, state or local governments or for the public school systems have a pension that is guaranteed. And I bet the value of those pensions have declined - yet the retirees still get their full amount! How is it that they still get their full monthly benefit? The money has to be coming from somewhere! The Pension Benefit Guaranty Corp.! When they run out of money - I forsee a bail out - paid for out tax dollars! We suffer our own 401Ks demise, plus pay for someone else to get their pension! In light of the recent financial crisis – it is a shame 401Ks are not protected in some way. Those who work for the federal, state or local governments or for the public school systems have a pension that is guaranteed. And I bet the value of those pensions have declined – yet the retirees still get their full amount! How is it that they still get their full monthly benefit? The money has to be coming from somewhere! The Pension Benefit Guaranty Corp.! When they run out of money – I forsee a bail out – paid for out tax dollars! We suffer our own 401Ks demise, plus pay for someone else to get their pension!

]]> By: Speak Up USA http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/comment-page-1/#comment-12884 Speak Up USA Thu, 27 Sep 2007 20:24:06 +0000 http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/#comment-12884 Many companies provide their matching contribution to your 401k withdrawals in the form of company stock. Some others even require that a part of your contribution be company stock. Usually they have a requirement that you must hold the stock for a period of time before you can move it to a different option within your portfolio. If you are an active investor and watch your portfolio regularly you might be able to avoid a disaster scenario. But if you are a casual investor that has no idea what is going on with your 401k, a volatile market can be very treacherous if your company stock is weak. Many companies provide their matching contribution to your 401k withdrawals in the form of company stock. Some others even require that a part of your contribution be company stock. Usually they have a requirement that you must hold the stock for a period of time before you can move it to a different option within your portfolio. If you are an active investor and watch your portfolio regularly you might be able to avoid a disaster scenario. But if you are a casual investor that has no idea what is going on with your 401k, a volatile market can be very treacherous if your company stock is weak.

]]> By: Pinyo http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/comment-page-1/#comment-12419 Pinyo Wed, 19 Sep 2007 17:52:04 +0000 http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/#comment-12419 Yes, company stock can be very hazardous to your 401k health. That happened to me once, but I was lucky because I just started out back then and learned my lesson early. Yes, company stock can be very hazardous to your 401k health. That happened to me once, but I was lucky because I just started out back then and learned my lesson early.

]]> By: mnc http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/comment-page-1/#comment-12340 mnc Tue, 18 Sep 2007 03:10:48 +0000 http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/#comment-12340 Thanks Bunk! I'm a fan of the moving averages, stochastics and MACD myself and agree that understanding the basics can really help. Since most companies do not provide that education, it is imperative that people take the initiative to learn on their own. Unfortunately not too many people do. Thanks Bunk! I’m a fan of the moving averages, stochastics and MACD myself and agree that understanding the basics can really help.

Since most companies do not provide that education, it is imperative that people take the initiative to learn on their own. Unfortunately not too many people do.

]]> By: Bunk http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/comment-page-1/#comment-12244 Bunk Sat, 15 Sep 2007 20:34:22 +0000 http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/#comment-12244 I think that any company that offers their employees company stock options in their 401k should atleast be willing to offer training to them so that they can analyze stocks so that they know when they need to dump it. A simple understanding of moving averages, stochastics, and MACD would be sufficient. Good quality post by the way. I think that any company that offers their employees company stock options in their 401k should atleast be willing to offer training to them so that they can analyze stocks so that they know when they need to dump it. A simple understanding of moving averages, stochastics, and MACD would be sufficient. Good quality post by the way.

]]> By: mnc http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/comment-page-1/#comment-12152 mnc Thu, 13 Sep 2007 23:16:03 +0000 http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/#comment-12152 That might not be a bad idea. :) I'm sure there are quite a few people that don't know what to invest in and throw everything into company stock. That might not be a bad idea. :)

I’m sure there are quite a few people that don’t know what to invest in and throw everything into company stock.

]]> By: Lazy Man http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/comment-page-1/#comment-12139 Lazy Man Thu, 13 Sep 2007 19:54:11 +0000 http://www.mynewchoice.com/2007/09/12/no-guarantees-with-your-401k/#comment-12139 I think there should be a law saying that one company's stock can not be more than 1% of the assets of a 401K. Problem solved. :-) I think there should be a law saying that one company’s stock can not be more than 1% of the assets of a 401K. Problem solved. :-)

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