Comments on: Fixing what isn’t broken. (Fixing the 401k). http://simpledebtfreefinance.com/fixing-what-isnt-broken-fixing-the-401k/ A Simple Approach to Getting Out of Debt and Into Wealth Fri, 18 May 2012 02:11:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: 2009, year in review. http://simpledebtfreefinance.com/fixing-what-isnt-broken-fixing-the-401k/#comment-12659 2009, year in review. Wed, 24 Feb 2010 18:48:20 +0000 http://simpledebtfreefinance.com/?p=821#comment-12659 [...] <a href="http://simpledebtfreefinance.com/tag/401k/">401(k)</a> when it isn’t broken. This bothered me enough to blog about it in that post as well as Fixing What Isn’t Broken and Why <a href="http://simpledebtfreefinance.com/tag/401k/">401K</a> Retirement Plans Really Don’t Work And How To Fix [...] [...] 401(k) when it isn’t broken. This bothered me enough to blog about it in that post as well as Fixing What Isn’t Broken and Why 401K Retirement Plans Really Don’t Work And How To Fix [...]

]]> By: Joe http://simpledebtfreefinance.com/fixing-what-isnt-broken-fixing-the-401k/#comment-1392 Joe Wed, 11 Mar 2009 13:26:49 +0000 http://simpledebtfreefinance.com/?p=821#comment-1392 Wow Danny! First let me say thanks for all the comments! Now on to your <a href="http://simpledebtfreefinance.com/tag/401k/">401K</a> question... I think there are 2 basic things you can do to take advantage of the recent drop in stock prices: 1). Evaluate your options. Take a look at what's available to you in your 401k plan and see how each available option for each category has held up over the past year. I did this with my portfolio last night and was pleased to see that while it has taken a beating (down around 40% for the last year) the individual funds that I chose held up better than their peers and in some case better than the underlying index! If this were not the case, I'd take a long hard look for any reason to keep those funds and not switch to the others. 2). Up your contribution rate through work. If you can spare the cash, bump up your contributions. Eventually the stock market as a whole will rebound. It make take 4 months, 4 years or 10 years but your portfolio will rise that much quicker when it does! Wow Danny! First let me say thanks for all the comments!

Now on to your 401K question…

I think there are 2 basic things you can do to take advantage of the recent drop in stock prices:

1). Evaluate your options. Take a look at what’s available to you in your 401k plan and see how each available option for each category has held up over the past year. I did this with my portfolio last night and was pleased to see that while it has taken a beating (down around 40% for the last year) the individual funds that I chose held up better than their peers and in some case better than the underlying index! If this were not the case, I’d take a long hard look for any reason to keep those funds and not switch to the others.

2). Up your contribution rate through work. If you can spare the cash, bump up your contributions. Eventually the stock market as a whole will rebound. It make take 4 months, 4 years or 10 years but your portfolio will rise that much quicker when it does!

]]> By: Danny Beard http://simpledebtfreefinance.com/fixing-what-isnt-broken-fixing-the-401k/#comment-1382 Danny Beard Tue, 10 Mar 2009 20:50:42 +0000 http://simpledebtfreefinance.com/?p=821#comment-1382 Great article. My <a href="http://simpledebtfreefinance.com/tag/401k/">401k</a> is definitely at the top of my radar at the moment. I am not at retirement age so I don't have to worry about this current dip as it will eventually go up as you mentioned in the article. However, what can I do now to take advantage of this dip. Should I be increasing my 401k % at work? I would imagine that if I up my contribution with the reduced price of stocks my dollars would purchase more stock. then when the market does rebound my 401k will increase even more than before because of my increased amount of shares. I hope that made sense. Do you agree with this approach? or do you have any other suggestions? Great article. My 401k is definitely at the top of my radar at the moment. I am not at retirement age so I don’t have to worry about this current dip as it will eventually go up as you mentioned in the article. However, what can I do now to take advantage of this dip. Should I be increasing my 401k % at work? I would imagine that if I up my contribution with the reduced price of stocks my dollars would purchase more stock. then when the market does rebound my 401k will increase even more than before because of my increased amount of shares. I hope that made sense. Do you agree with this approach? or do you have any other suggestions?

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