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The Water Cooler
General Discussion
401k contribution - Yay or Nay
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<blockquote data-quote="Michael M" data-source="post: 3890388" data-attributes="member: 51204"><p>Agree with those saying to do up to the 6% company match.</p><p>There are different options for you to choose.</p><p>I currently have mine in one called Stable Options which is mostly bonds and cash but pays around 1%+.</p><p>I haven’t lost any money and with me being retired I would rather make a few dollars than lose a lot.</p><p>I did this during 2008 and 2015 downturns and as market stabilized, started moving monies back into the stocks offered in my 401k.</p><p>Have done quite well doing this.</p></blockquote><p></p>
[QUOTE="Michael M, post: 3890388, member: 51204"] Agree with those saying to do up to the 6% company match. There are different options for you to choose. I currently have mine in one called Stable Options which is mostly bonds and cash but pays around 1%+. I haven’t lost any money and with me being retired I would rather make a few dollars than lose a lot. I did this during 2008 and 2015 downturns and as market stabilized, started moving monies back into the stocks offered in my 401k. Have done quite well doing this. [/QUOTE]
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401k contribution - Yay or Nay
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