401k-Holding fast but..........

   / 401k-Holding fast but.......... #22  
401K's are a rip off, anywhilst. The only one that consistently makes money is the person managing the 401K. The person putting the money into the 401K is last at the trough ....

Absolutely wrong. If you have a bad 401K, it's because your employer set it up wrong. In my 401K I have hundreds of choices of investment funds and many of them have management fees of a fraction of a percent.
 
   / 401k-Holding fast but.......... #24  
If you are over 72, you must sell to take Required Minimum Distribution.
 
   / 401k-Holding fast but.......... #26  
Yep, but this market is going to be down for a while.
 
   / 401k-Holding fast but.......... #27  
All I can say is if you cannot stand the heat, get away from the flames. I survived 2008 then thrived. I am not going to lose sleep over this because unless the entire economy collapses I will be better off than having my cash in a mattress. And if it does collapse having it in a mattress will not be good enough either.
 
   / 401k-Holding fast but.......... #28  
I don't have any issues with my 401k. I was just noting that this market crash will have a negative impact on some.
 
   / 401k-Holding fast but.......... #29  
JMHO but how well we ride this out depends on how many people panic. We've survived tough times before, and we will do it again.
 

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