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The Water Cooler
General Discussion
401k contribution - Yay or Nay
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<blockquote data-quote="magna19" data-source="post: 3890316" data-attributes="member: 24646"><p>Depends mostly on your age and how long you have before retirement. If you have a long way to retirement I would put at least the 6% plus some if you can. 2/3 of it going to high risk and the other 1/3 safe to moderate risk. If the market goes lower try to increase contribution</p><p>etc. to high risk. The lower it goes increase more at the lower rate. If you happen to get a decent run during your retirement and a large return then jump ship and take your earnings to the safest place you can and don't be greedy with leaving it in the high risk. Worked for me</p></blockquote><p></p>
[QUOTE="magna19, post: 3890316, member: 24646"] Depends mostly on your age and how long you have before retirement. If you have a long way to retirement I would put at least the 6% plus some if you can. 2/3 of it going to high risk and the other 1/3 safe to moderate risk. If the market goes lower try to increase contribution etc. to high risk. The lower it goes increase more at the lower rate. If you happen to get a decent run during your retirement and a large return then jump ship and take your earnings to the safest place you can and don't be greedy with leaving it in the high risk. Worked for me [/QUOTE]
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401k contribution - Yay or Nay
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