I lost $10 today but only have $1000 invested so far, is that right?

[Outdoorsygal]

roth 401ks may allow you to pull the principal without taking a loan or penalties. you'd need to check.;

It's easy to check because this plan wants NO REASON for anyone to take out their $$ early. Absolutely none.
That doesn't mean if they value you as an employee, they cannot change it.

The presenter was awful, he even told us all a 401kRoth wasn't offered.
Except I saw it in the paperwork I examined VERY closely before the meeting.
He also answered two other questions wrong per the paperwork but i was the sole person raising hands to get questions answered.
Which shocked me that none of the other employees OR SUPERVISORS had much to say.
401K & 401KRoth is thru Paychex

[Outdoorsygal]

So, not sure if you are still tracking...but

The answers to the questions above might lead to a better investment option for your stated goals. For example, if you take out 50K in a lump sum from your 401k, you could end up paying more taxes than what you are deferring right now. If you take it out early, you could end up with an additional 10% tax on your distribution (resulting in even more taxes).

If you are not going to be in the market long term (6 years is not long term), you might have too much exposure. ( Maybe an investment in CDs?)

If you still want to be in the market and you aren't maxing out your individual Roths, maybe that might be a less expensive ER option for you. It would also give you the benefit of being able to take the contributions out at any time penalty free.

The 401K roth might take some rollover action in order to isolate it. And, there are still some requirements to be met before you can get to the money tax free.

Thank you!! I will look into this, expecially the bolded^^

I don't mind leaving some in the account, even maybe 50% at the most.
Depending upon taxes and inheritance rules, the 401K roth portion might surely be best left as the inheritance portion for my son.

If my family gets saved, then I wouldn't be doing much worrying.
I'd more likely leave the investment where it is unless it's prudent to roll it over.

If we end up doing really well flipping houses, thus putting away alot of actual cash into in a safe....
I am much more open to leaving more or maybe even all of the investment, alone.

Too bad hindesight wasn't 20/20. My family may be living here during the tribulation
Unable to buy and sell without the mark of the beast on forehead or right arm.
They'lll need lots of cash. Also there is going to be peace in the middle east.
So we have time before this happens, other prophecies must come to pass
Yet it comes like a "thiefin the night" per scripture so I want to keep that in mind also.

We have a really good accountant who does our taxes that i want to be close friends with as soon as we have time to make friends.
When I am working less. We just click so well, it's odd. He's good at investing.

.

[disneysteve]

20% of it is a ROTH401k, the other 70% is traditional 401k

20+70 is 90. Where's the other 10%?

It is a generous amount to account for...in case I have to pay for medical benefits down the line.
Such as if the Company doesn't provide them.
Also allowing for loosing a little $$ on the investments though that shouldn't happen.
There are employer fees as mentioned for the 401k & Roth401k, but I don't know the exact amount yet
They send a quarterly statement, by law, breaking it down

What? You didn't answer my question. If 20% of your contribution is going into the Roth 401k and 70% is going into the traditional 401k, where is the remaining 10% going? Aren't those the only 2 choices?

[disneysteve]

How did you come up with this plan? I can't help but say that it all sounds pretty bizarre.

No.....bizarre is having a non-diversified portfolio such as too much of your assets dependent upon computers.

I would agree that having a portfolio that is too heavy in tech stocks wouldn't be ideal but I don't know what that has to do with the conversation.

[disneysteve]

If my family gets saved, then I wouldn't be doing much worrying.

My family may be living here during the tribulation
Unable to buy and sell without the mark of the beast on forehead or right arm.
They'lll need lots of cash. Also there is going to be peace in the middle east.
So we have time before this happens, other prophecies must come to pass
Yet it comes like a "thiefin the night" per scripture so I want to keep that in mind also.

I have no idea what you're talking about. If your family gets saved from what? What does "the mark of the beast" mean? Peace in the middle east?

Is this some religious thing you are referring to. Sorry, but I'm totally not understanding your posts at all.

[TexasHusker]

I have no idea what you're talking about. If your family gets saved from what? What does "the mark of the beast" mean? Peace in the middle east?

Is this some religious thing you are referring to. Sorry, but I'm totally not understanding your posts at all.

She is referring to the book for Revelation. There is one school of thought that Revelation is pointing to various end-times events, including beasts, horses, red heifers, and all sorts of other stuff. The tribulation is part of this.

But that is just one school of thought. There is another school of thought that Revelation is a code of foreshadowing that was for the Jews of Israel during the first century, and that the various events of Revelation are referencing the destruction of Jerusalem and its temple in A.D. 70 (or 72?). That would mean most of the events have already occurred, except of course the return of Jesus Christ, himself. This line of thought is the one I subscribe to.

There are other, hybrid schools of thought.

[disneysteve]

She is referring to the book for Revelation. There is one school of thought that Revelation is pointing to various end-times events, including beasts, horses, red heifers, and all sorts of other stuff. The tribulation is part of this.

Thanks. I figured there was something religious involved based on the last post. No wonder none of it made sense.

I'll bow out of the conversation as I can't give financial advice based on other people's religious beliefs.

[TexasHusker]

Thanks. I figured there was something religious involved based on the last post. No wonder none of it made sense.

I'll bow out of the conversation as I can't give financial advice based on other people's religious beliefs.

I don't believe that Relevation is part of the Jewish canon, so we will let you off the hook this time.

[PeggyHefferon]

Thanks. I figured there was something religious involved based on the last post. No wonder none of it made sense.

I'll bow out of the conversation as I can't give financial advice based on other people's religious beliefs.

Religion and politics are two topics I try my best to avoid. That has been easier said than done lately when it comes to politics, but I still do a pretty good job of not talking religion with others.

[Outdoorsygal]

Thanks. I figured there was something religious involved based on the last post. No wonder none of it made sense.

I'll bow out of the conversation as I can't give financial advice based on other people's religious beliefs.

Sorry I didn't mean to offend you
I do not want any advice "based on my religious beliefs"
You asked.... so I answered ... at least part of your many questions
I think I'll sign of for now


.

.

[Outdoorsygal]

That $10 might be fees if the employer is passing them along to you. That is what was happening to my husband's old 401k. Even though our stocks were up, it looked like we were losing money. Those fees were outrageous, though. We were averaging a 2% gain per year until I was able to transfer the money to his newer 401k. But to answer your question directly, yes it is normal. The value of your shares changes every second. Most accounts only provide a snapshot of your value, which means they update info every few hours. My 401k does it once a day and they are a day behind. You can check the real-time value by googling the stock name or symbol. I usually use stocktwits, yahoo finance, or nasdaq.com. But to be frank, I would only check it every quarter if I were you. It isn't unusual for my stocks to change value by hundreds of dollars within a day, and I only have $9,000 or so in the account.

Interesting....thank you for this. When the quarterly statement arrives, I'll know the true fees.
Just trying to diversify to where not all of our assets, are dependent upon computers.

[TexasHusker]

- nevermind -

[disneysteve]

Sorry I didn't mean to offend you
I do not want any advice "based on my religious beliefs"
You asked.... so I answered ... at least part of your many questions
I think I'll sign of for now

I wasn't offended at all. And I hope I didn't offend you either. I was just truly not understanding some of your posts but it makes more sense now that I know it's based on religious beliefs that I'm not familiar with.

[scfr]

As has already been suggested, try to come up with another schedule for checking the value of your 401k holdings, not every day. I check mine every time I calculate my net worth, which is about every quarter.

It sounds like you went from contributing nothing to pretty much maxing out your contributions, is that right? That's a pretty big change. That's kind of like diving in to the deep end of the pool when you've never been swimming before. If it is making you anxious, you may want to think about scaling back the percentage of your pay that you contribute until you get more comfortable and confident in your investments. A (relatively) small loss early on can actually be a good thing. It can help you gauge your true risk tolerance.

[Petunia 100]

It actually depends on the rules of the plan. Some 401K plans allow withdrawal at age 55 (if you retire at that age)... It requires reading up on the rules of the particular 401K. In addition there are some special rules for certain jobs (think LEO or firefighter) that allow for earlier than 55.

There are also rules in place for substantially equal payments if you retire before 59.5 (I've read the rules are complicated and easy to mess up, but still it is an option). https://www.irs.gov/retirement-plans...iodic-payments

There are no special rules based on your occupation. However, LEOs and firefighters have 457 plans, not 401k plans. (Their employers are municipalities, not for-profit private companies.) The rules are different.