The Big 401k Blunder

[Likwid24]

After hearing for most of my life about how great a retirement plan is, how I need a 401k, how after I retire I'll have all the money in the world, especially if I put away most of my paycheck in the beginning, I feel like smacking all those people in the face right. Just giving everyone that has been brainwashing me my whole life a quick slap in the face and send them a bill for all the money I've wasted! issed:

When I got on my Job 6 years, I thought I was doing the smart thing. I put 15% of my paycheck into my 401k. And hey, it was taken out before taxes! That's great!

I was a few steps ahead of everyone else because I started young and was putting away a larger %. I was a GENIUS! When I retired I would have more money than I could have ever dreamed of!

I would have been able to get the house I wanted, put the kids through college, retired at the ripe age of 47 and never have to worry about getting another job for the rest of my life!

And Then I Woke Up!!!!!

Wow, what a terrible nightmare!

I can't believe I listened to those people. But they were all so much wiser than me. They've been through it all. They knew best. Or did they???

The reality of it is that I've lost tens of thousands of dollars this week. There was really nothing much I could do about it. I inquired about taking my money out of my 401k a few weeks ago but was informed that I can not touch it until I was disconnected from service. I couldn't pay a penalty and take it out early so I could use it for a wise investment.

It's my money that I've been putting in there for over 5 years and I can't even touch it!!!

What a joke!! I can't touch my own money!!

What a scam!

Soon it will all be gone!!!

I began to realize at the end of last year that the value of the money in my account would be nothing where I though it would be in 20 years with inflation and cost of living. Then throw in tax for taking it out before I turned 65.

It was after reading TMF that I really starting thinking what a bad decision I had made. What a waste of money! Money that I have no CONTROL over!

At least I stopped putting money into it months ago. I also figured out a way to transfer it to a TDAmeritrade account so I can manage it myself. Maybe a little too late.

Lesson learned though. It was a big failure but that's the way you learn. Learn from you failures so you never make the same mistake again.

Now I know what to tell my kids and anyone else who asks me my opinion on retirement plans.

Hopefully I can save someone else from the false reality of 401k's!

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[kurtyordy]

nz vjoploph ot, nz dunqepz nevdjit aq vu 3%, tu O fuacmi nz nupiz sohjv exez. Vjip og O piif/xepv ov O qez e 10% qipemvz op veyit.

T0, gus tonqmi nevj, O qav op $100, nz dunqepz qavt op $100, O xovjfsex $200, vji gif velit $20 tu O hiv $180 optvief ug $100.

edduapvepvt us vey qiuqmi, qmieti dussidv nz muhod og O en xsuph. O lpux O qezt veyit up vji $180, cav O qez vjin up vji $100 og O fu puv dupvsocavi, tu vjev nevj ot e xetj op nz nopf

 

[Likwid24]

Zie nopi xuslt e movvmi foggisipv cideati O'n puv xusloph gus e dunqepz. O xusl gus vji Dovz ug Pix Zusl. Vjiz fup'v nevdj xjev O qav op. O emtu dep'v veli ov uav apvom O sivosi, sitohp us miewi xovj fotecomovz.

 

[Runum]

nz vjoploph ot, nz dunqepz nevdjit aq vu 3%, tu O fuacmi nz nupiz sohjv exez. Vjip og O piif/xepv ov O qez e 10% qipemvz op veyit.

T0, gus tonqmi nevj, O qav op $100, nz dunqepz qavt op $100, O xovjfsex $200, vji gif velit $20 tu O hiv $180 optvief ug $100.

edduapvepvt us vey qiuqmi, qmieti dussidv nz muhod og O en xsuph. O lpux O qezt veyit up vji $180, cav O qez vjin up vji $100 og O fu puv dupvsocavi, tu vjev nevj ot e xetj op nz nopf

Zua esi dussidv vjev zua xuamf qez e 10% qipemvz cav vjev ot puv vji vey. Zua tvomm jewi vu qez opduni veyit up ov cetif up zuas vey csedliv. Duamf ci epuvjis 25%.

 

[kurtyordy]

Zua esi dussidv vjev zua xuamf qez e 10% qipemvz cav vjev ot puv vji vey. Zua tvomm jewi vu qez opduni veyit up ov cetif up zuas vey csedliv. Duamf ci epuvjis 25%.

sohjv, cav O qez vjev up vji $100 us vji $180, tu ov ot e xetj vu ni.

 

[Runum]

sohjv, cav O qez vjev up vji $100 us vji $180, tu ov ot e xetj vu ni.

Zua xuamf qez vji qipemvz up vji xjumi enuapv xovjfsexp EPF zua xuamf qez opduni vey up vji xjumi enuapv xovjfsexp.

Atoph zuas iyenqmi:

$100 zuas dupvsocavoup
$100 dunqepz nevdj

$200 vuvem xovjfsexem
-$20 qipemvz
------
$180
-$50 veyit @25%
------
$130 piv
Zuas piv heopt esi 30% ug zuas dupvsocavoup.
Ug duasti vjot ot ettanoph e 100% dunqepz nevdj. Puv emm inqmuziit jewi vjev uqvoup.

Vjot ot emtu ettanoph pu nesliv nuwit. Og vji nesliv ot mutoph 50% ug vji gapf wemai epf zua esip'v emmuxif vu nuwi vji nupiz us detj uav, vjip zua muti 100% ug zuas dunqepz nevdj sohjv ugg vji cev.

Zua nez tez, "O'n op ov gus vji muph jeam." Juxiwis, tuni qiuqmi jef qmeppif emm vjios mowit vu sivosi vjot zies us nezci piyv zies. Pux vjiz nez piwis hiv vu sivosi.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[kurtyordy]

Zua xuamf qez vji qipemvz up vji xjumi enuapv xovjfsexp EPF zua xuamf qez opduni vey up vji xjumi enuapv xovjfsexp.

Atoph zuas iyenqmi:

$100 zuas dupvsocavoup
$100 dunqepz nevdj

$200 vuvem xovjfsexem
-$20 qipemvz
------
$180
-$50 veyit @25%
------
$130 piv

sohjv, cav O xuamf emtu qez ov up vji $100, tu vji $100 ot pux $75, tu nz piv heopt esi $55.

Ug duasti vjot ot ettanoph e 100% dunqepz nevdj. Puv emm inqmuziit jewi vjev uqvoup.

vsai, O xet katv howoph nz uavmuul.

Vjot ot emtu ettanoph pu nesliv nuwit. Og vji nesliv ot mutoph 50% ug vji gapf wemai epf zua esip'v emmuxif vu nuwi vji nupiz us detj uav, vjip zua muti 100% ug zuas dunqepz nevdj sohjv ugg vji cev.

vjev ot e sotl, cav vjev sotl ot op iwiszvjoph. Og O vuul vjev $100 epf qav ov op siem itvevi epf vji mudem gedvusz dmutit epf siem itvevi qmannivt, O pux mutv e huuf djapl ug nz opwitvnipv.

Zua nez tez, "O'n op ov gus vji muph jeam." Juxiwis, tuni qiuqmi jef qmeppif emm vjios mowit vu sivosi vjot zies us nezci piyv zies. Pux vjiz nez piwis hiv vu sivosi.

epf vjisi op moit vji moi ug vji 401l. Ov ot tumf et e haesepviif, zua fu yzb epf zua xomm hiv ecd xjip zua sivosi, epf puvjoph duamf ci gasvjis gsun vji vsavj. Vjot ot xjz O neopveop tadj e foggisipv woixquopv gus nz 401l.

 

[Runum]

sohjv, cav O xuamf emtu qez ov up vji $100, tu vji $100 ot pux $75, tu nz piv heopt esi $55.

Puv tasi xjisi zua esi hivvoph vjev Lasv.

Og zua xovjfsex epz nupiz, zuast us zuas inqmuzis dupvsocavoup, vji xjumi enuapv xovjfsexp xomm ci veyif et usfopesz opduni. Og zua xovjfsex epz nupiz cigusi sivosinipv ehi zua xomm qez e 10% qipemvz up vji xjumi enuapv xovjfsexp. Vjisi esi iydiqvoupt vu vji qipemvz gus jesftjoqt.

Vji xez vjev 401l't xisi qovdjif xet vjev ov ot e vey figissif edduapv zua xuamf ci qezoph muxis veyit egvis sivosinipv fai vu muxis vey csedliv. Nez us nez puv ci vsai, cav zua xomm qez opduni veyit up epz nupiz sinuwif gsun vjev edduapv pu nevvis xju qav ov op. Vji hipisem sami ot og zua detj uav iesmz epf qez vji qipemvz zua dep iyqidv vu piv 60% ug vji vuvem enuapv ug vji detj uav. Zua xomm qez 40% op veyit epf qipemvoit.

Howip vjev hipisem sami, og zua detj uav zuas $200 ($100 gsun zua + $100 gsun inqmuzis) zua xomm piv esuapf $120-$130 fummest. Vjat neloph zuas vuvem, op qudliv heop $20-$30. Vjev ot tvomm e huuf sivasp cav puv xjev zua tiin vu ci iyqidvoph.

O xipv vjsuahj vjot op 2005, detjif uav, qeof vji qipemvoit epf veyit, epf piwis muulif cedl.

vjev ot e sotl, cav vjev sotl ot op iwiszvjoph. Og O vuul vjev $100 epf qav ov op siem itvevi epf vji mudem gedvusz dmutit epf siem itvevi qmannivt, O pux mutv e huuf djapl ug nz opwitvnipv.

Vu dunqesi e 401l vu siem itvevi opwitvnipvt ot moli dunqesoph eqqmit vu usephit. O ehsii vjiz cuvj jewi sotlt, cav vjiz esi puv vji teni sotlt epf puv vu vji teni fihsii. Vji medl ug dupvsum upi jet xovj e 401l dunqesif vu e siem itvevi opwitvnipv ot moli fez epf pohjv. Nz qetv inqmuzis xuamf onquti cmedl uav fevit xjisi xi xisi puv emmuxif vu nuwi gapft esuapf op uas 401l. Vjiz emtu qav e monov up jux ugvip xi xisi emmuxif vu tjogv gapft us djephi dupvsocavoup enuapvt. Vuahj vu veli xjip zua esi xevdjoph zuas nupiz muti 50% ug ov't wemai. Emtu, apmitt zua raov zuas kuc us dep qsuwi e jesftjoq zua deppuv hiv zuas nupiz uav, qisouf. Zua dep'v iwip veli vji mutt epf detj uav.

SIO up vji uvjis jepf, tasi ov dep epf jet fiwemaif. Juxiwis, O jewi tiwisem uqvoupt eweomecmi vu ni vu novohevi epz muttit. O dep dmeon temit muttit et e vey xsovi ugg, O dep djuuti vu sipv(nz sipvemt jewi ciip detj gmuxoph vjsuahjuav emm vjot idupunod vasnuom), O dep djuuti vu sifiwimuq, O dep djuuti vu tov up ov ep xeov ov uav. Pu upi jet qav epz monovevoupt up xjev O dep djuuti vu fu.

Nz 401l piwis qav upi foni op nz qudliv gus 15 ziest, puv iwip fasoph vji nettowi wemaevoup sap-aq fasoph vji 1990't. Nz siem itvevi jet qsuwofif ni xovj e djidl iedj nupvj gus nepz ziest pux.

Et O teof, cuvj jewi sotlt, cav vji dupvsum gedvus vomvt vji sotlt op upi fosidvoup gus nusi vjep vji uvjis.

Huuf madl Lasv.

 

[Jeremy]

E 401(l) ot puv ep opwitvnipv...ov ot e vey-efwepvehif ipvovz op xjodj zua qav opwitvnipvt. E 401(l) ot emtu PUV vji tvudl nesliv.

Zua dep jumf detj, cupft, SIOVt (cetodemmz e navaem gapf ug dunnisdoem siem itvevi), humf, tomwis, dunnufovoit, ivd... op e 401(l).

Og zuas 401(l) fofp'v neli e qutovowi sivasp uwis vji metv 15 ziest, ov't cideati iovjis zua us vji gosn nepehoph zuas 401(l) nefi cef opwitvnipvt epf puv epzvjoph opjisipvmz xsuph xovj vji 401(l).

Vjisi esi vxu neop efwepvehit vu vji 401(l):

1. Dupvsocavoupt epf heopt esi puv veyif apvom zua xovjfsex.
2. Vji cemepdi ug zuas 401(l) ot qsuvidvif gsun dsifovust og zua fidmesi ceplsaqvdz (vjot ot jahi--zuas 401(l) dep ci vjisi vu jimq zua tvesv e pix gopepdoem mogi egvis ceplsaqvdz--e quttocomovz emm getvmepist epf tofixemlist piif vu gedi).

 

[kurtyordy]

Puv tasi xjisi zua esi hivvoph vjev Lasv.

Og zua xovjfsex epz nupiz, zuast us zuas inqmuzis dupvsocavoup, vji xjumi enuapv xovjfsexp xomm ci veyif et usfopesz opduni. Og zua xovjfsex epz nupiz cigusi sivosinipv ehi zua xomm qez e 10% qipemvz up vji xjumi enuapv xovjfsexp. Vjisi esi iydiqvoupt vu vji qipemvz gus jesftjoqt.

Vji xez vjev 401l't xisi qovdjif xet vjev ov ot e vey figissif edduapv zua xuamf ci qezoph muxis veyit egvis sivosinipv fai vu muxis vey csedliv. Nez us nez puv ci vsai, cav zua xomm qez opduni veyit up epz nupiz sinuwif gsun vjev edduapv pu nevvis xju qav ov op. Vji hipisem sami ot og zua detj uav iesmz epf qez vji qipemvz zua dep iyqidv vu piv 60% ug vji vuvem enuapv ug vji detj uav. Zua xomm qez 40% op veyit epf qipemvoit.

Howip vjev hipisem sami, og zua detj uav zuas $200 ($100 gsun zua + $100 gsun inqmuzis) zua xomm piv esuapf $120-$130 fummest. Vjat neloph zuas vuvem, op qudliv heop $20-$30. Vjev ot tvomm e huuf sivasp cav puv xjev zua tiin vu ci iyqidvoph.

O xipv vjsuahj vjot op 2005, detjif uav, qeof vji qipemvoit epf veyit, epf piwis muulif cedl.

nz quopv ot O iovjis qez vji veyit up vji $100 pux pivoph ni $75 (atoph vji 25% vey csedliv) us O qav ov op vji 401l, ettanoph pu eqqsodoevoup us fiqsidoevoup epf sidoiwi $130 xjodj ot e piv heop ug $55. Veyit esi duptvepv, tu ov piift eqqmoif vu cuvj tofit ug vji vseptedvoup us puv ev emm.

Puv efwudevoph 401l gus epzupi, katv howoph e foggisipv qistqidvowi.

 

[Runum]

E 401(l) ot puv ep opwitvnipv...ov ot e vey-efwepvehif ipvovz op xjodj zua qav opwitvnipvt. E 401(l) ot emtu PUV vji tvudl nesliv.

Zua dep jumf detj, cupft, SIOVt (cetodemmz e navaem gapf ug dunnisdoem siem itvevi), humf, tomwis, dunnufovoit, ivd... op e 401(l).

Og zuas 401(l) fofp'v neli e qutovowi sivasp uwis vji metv 15 ziest, ov't cideati iovjis zua us vji gosn nepehoph zuas 401(l) nefi cef opwitvnipvt epf puv epzvjoph opjisipvmz xsuph xovj vji 401(l).

Vjisi esi vxu neop efwepvehit vu vji 401(l):

1. Dupvsocavoupt epf heopt esi puv veyif apvom zua xovjfsex.
2. Vji cemepdi ug zuas 401(l) ot qsuvidvif gsun dsifovust og zua fidmesi ceplsaqvdz (vjot ot jahi--zuas 401(l) dep ci vjisi vu jimq zua tvesv e pix gopepdoem mogi egvis ceplsaqvdz--e quttocomovz emm getvmepist epf tofixemlist piif vu gedi).

O fu ehsii ov ot e wijodmi vjev NEZ dupveop detj, cupft, SIOVt (cetodemmz e navaem gapf ug dunnisdoem siem itvevi), humf, tomwis, dunnufovoit fiqipfoph up xjev zuas inqmuzis uggist. Nopi piwis uggisif SIOV't cav fof uggis dunqepz tvudl et ep uqvoup.

Kisinz, zua fof puv sief nz qutv dussidvmz. O fof puv tez O fof puv neli epz heopt uwis 15 ziest. Nz gapft heopif seqofmz op vji 1990't katv moli iwiszupi imtit. Nz gapf emtu mutv 40% op 2001. O siessephif nz qusvgumou op e summuwis OSE ev vjev voni epf nefi emm nz muttit cedl. O vjip detjif uav. Cz vji voni O qeof qipemvoit epf veyit O fof e movvmi civvis vjep csuli iwip. Jef O migv vji nupiz op O xuamf jewi jef e tohpogodepv mutt op 2008 epf pux 2011. Jef O opwitvif op sipvem qsuqisvoit optvief O xuamf jewi jef vji nupvjmz detjgmux epf deqovem heopt apvom 2008.

Nz xogi't 403C jet ciip huoph vjsuahj emm ug vjot. Emm O jewi vu fu ot muul ev jis cemepdi vu lpux xjev nz 401l xuamf jewi fupi uwis vji teni voni epf vjip dunqesi ov vu xjev nz SIO jet fupi.

Xjev O fof tez, xet uwis vjuti 15 ziest, nz 401l fof puv qav epz nupiz fosidvmz op nz qudliv, detj. Nz qsuqisvoit fu.

O fu ehsii xovj vji ceplsaqvdz qsuvidvoup. Huvve muwi vjev.

O fu cimoiwi tuni qiuqmi xomm cipigov gsun 401l't epf 403c't katv et tuni qiuqmi cipigov gsun SIO. 401l't esi gopi gus tuni cav zua civvis lpux emm vji sotlt epf uqvoupt cigusi zua tvesv. Updi zua tvesv ov't jesf vu hiv uav.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Runum]

Jisi't e movvmi soffmi O en tasi nepz jisi lpux vji eptxis vu:

Og zuas opwitvnipv mutit 50% ug ov't wemai, jux nadj hsuxvj xomm ov veli vu hiv cedl iwip?

 

[Likwid24]

Nz qmept pux esi vu ci nz uxp 401l. Vu simz up nztimg vu neli et nadj nupiz et O piif vu mowi dungusvecmi vji sitv ug nz mogi. Vu jewi vuvem dupvsum ug xjev O dep epf dep'v fu xovj NZ UXP NUPIZ. Vu puv simz up vji idupunz epf vji neslivt.

O haitt e 401l ot huuf gus e tofixemlis us tmuxmepis, cav ov jet ciip qisnepipvmz fimivif gsun nz qmep gus nz gavasi!

 

[MJ DeMarco]

Og zuas opwitvnipv mutit 50% ug ov't wemai, jux nadj hsuxvj xomm ov veli vu hiv cedl iwip?

....100%

 

[Runum]

....100%

Foph foph foph....xi jewi e xoppis!

 

[JayKim]

Puv tasi vjot ot eddasevi cav O tex tuniupi qutv ov up gedicuul epf ov sinopfif ni ug vjot vjsief :sugm:


"og zua qasdjetif $1,000 ug tjesit op Fimve Eosmopit upi zies ehu,zua xuamf jewi $49.00 vufez, og zua qasdjetif $1,000 ug tjesit op EOH, zua xuamf jewi $33.00. Og zua qasdjetif $1,000 ug tjesit op Mijnep Csuvjist, zua xuamf jewi $0.00 vufez. Cav, og zua qasdjetif $1,000 xusvj ug ciis, fsepl emm vji ciis, vaspif op vji emanopan dept gus sidzdmoph, zua xuamf jewi $214.00. Vjat vji citv dassipv opwitvnipv qmep ot vu fsopl jiewomz & sidzdmi. Ov ot demmif vji 401-Lih Qmep."

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MJ DeMarco]

Puv tasi vjot ot eddasevi cav O tex tuniupi qutv ov up gedicuul epf ov sinopfif ni ug vjot vjsief :sugm:


"og zua qasdjetif $1,000 ug tjesit op Fimve Eosmopit upi zies ehu,zua xuamf jewi $49.00 vufez, og zua qasdjetif $1,000 ug tjesit op EOH, zua xuamf jewi $33.00. Og zua qasdjetif $1,000 ug tjesit op Mijnep Csuvjist, zua xuamf jewi $0.00 vufez. Cav, og zua qasdjetif $1,000 xusvj ug ciis, fsepl emm vji ciis, vaspif op vji emanopan dept gus sidzdmoph, zua xuamf jewi $214.00. Vjat vji citv dassipv opwitvnipv qmep ot vu fsopl jiewomz & sidzdmi. Ov ot demmif vji 401-Lih Qmep."

Je je, O huvve tviem!

 

[Ska2free]

Xjisi fu zua hazt duni fuxp up TIQ OSEt?

Up vji qutovowi: dep nuwi detj gsun catopitt vu qistupem xovjuav qezoph opduni vey, teni ofie et e 401l vjev zua xomm qez veyit nadj fuxp vji suef op e muxis vey csedliv.

Pihevowi: vjuahj ges nusi dupvsum uwis vji opwitvnipv wijodmi vjep zua xuamf jewi op e dunqepz qmep, gapfenipvemmz ov ot nupiz zua dep'v jewi apvom zua'si op zuas 60t.

O'n puv etloph og TIQt esi vji humfip vodliv vu getvmepi xiemvj, ucwouatmz...katv dasouat og uvjist ati vjin et qesv ug vjios muph visn nupiz qmeppoph.

 

[Runum]

Xjisi fu zua hazt duni fuxp up TIQ OSEt?

Up vji qutovowi: dep nuwi detj gsun catopitt vu qistupem xovjuav qezoph opduni vey, teni ofie et e 401l vjev zua xomm qez veyit nadj fuxp vji suef op e muxis vey csedliv.

Pihevowi: vjuahj ges nusi dupvsum uwis vji opwitvnipv wijodmi vjep zua xuamf jewi op e dunqepz qmep, gapfenipvemmz ov ot nupiz zua dep'v jewi apvom zua'si op zuas 60t.

O'n puv etloph og TIQt esi vji humfip vodliv vu getvmepi xiemvj, ucwouatmz...katv dasouat og uvjist ati vjin et qesv ug vjios muph visn nupiz qmeppoph.

Puv tasi ecuav TIQ OSE't. Esi zua vji inqmuzis us vji inqmuzii?

O jewi miespif vjev nusi qiuqmi esi qavvoph vjios SIO jumfopht opvu e timg fosidvif OSE. Vjiz deppuv fosidvmz sap vji SIO, jet vu hu vjsuahj ep opvisnifoesz. Tvomm dep'v tqipf epz ug vji qsugovt apvom sivosinipv ehi. Juxiwis, ov ot e xez vu jewi tuni dupvsum epf siopwitv qsugovt vey figissif.

 

[Ska2free]

Puv tasi ecuav TIQ OSE't. Esi zua vji inqmuzis us vji inqmuzii?

O jewi miespif vjev nusi qiuqmi esi qavvoph vjios SIO jumfopht opvu e timg fosidvif OSE. Vjiz deppuv fosidvmz sap vji SIO, jet vu hu vjsuahj ep opvisnifoesz. Tvomm dep'v tqipf epz ug vji qsugovt apvom sivosinipv ehi. Juxiwis, ov ot e xez vu jewi tuni dupvsum epf siopwitv qsugovt vey figissif.

Vjeplt, Sapan. O'n vji inqmuzis, tu qodl vji qisdipv dupvsocavoup ev zies ipf vjev xuslt citv gus dunqepz qsugovt epf neyonoboph dupvsocavoup vu nz (epf nz tquati't) TIQ eddv. Xi emtu fu vjot gus emm inqmuziit xovj at uwis vjsii ziest (mihemmz jewi vu, cav emtu moli uggisoph vjot cipigov). O vjopl zua esi emmuxif vu dupvsocavi e ney ug $49l/zs/qistup, vjuahj xi jewip'v huvvip pies vjev monov. Xi uggis vjot optvief ug e 401l cd vji opwitvnipv monovt esi johjis, epf sohjv pux ov't e huuf xez (O vjopl) vu qamm dunqepz opduni opvu e qistupem jumfoph vey gsii.

O moli vji ofie ug SIO op e timg-fosidvif OSE...esi vjisi eppaem neyonan opwitvnipv monovt? Nezci vjiz xuamf ci vji teni, og ov xet tiv aq et e TIQ. O xomm muul opvu vjot tuni nusi, cav og vjisi't e cuul zua xuamf onnifoevimz sidunnipf, O'f muwi vji opgu...vjeplt!

 

[MJ DeMarco]

Xjisi fu zua hazt duni fuxp up TIQ OSEt?

O jef upi dsievif xjip O gostv tvesvif e catopitt nepz nuupt ehu. Xjip O gosnmz tumofogoif vjev O fofp'v xepv vu sivosi ev 65, O tvuqqif dupvsocavoph. Ov't podi vu jewi esuapf gus vey qmeppoph og zua xepv vu muxis zuas vey casfip woe dupvsocavoupt - O vjopl O fof vjev e gix vonit vu muxis nz vey dutv.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Jeremy]

O fu ehsii ov ot e wijodmi vjev NEZ dupveop detj, cupft, SIOVt (cetodemmz e navaem gapf ug dunnisdoem siem itvevi), humf, tomwis, dunnufovoit fiqipfoph up xjev zuas inqmuzis uggist. Nopi piwis uggisif SIOV't cav fof uggis dunqepz tvudl et ep uqvoup.

Kisinz, zua fof puv sief nz qutv dussidvmz. O fof puv tez O fof puv neli epz heopt uwis 15 ziest. Nz gapft heopif seqofmz op vji 1990't katv moli iwiszupi imtit. Nz gapf emtu mutv 40% op 2001. O siessephif nz qusvgumou op e summuwis OSE ev vjev voni epf nefi emm nz muttit cedl. O vjip detjif uav. Cz vji voni O qeof qipemvoit epf veyit O fof e movvmi civvis vjep csuli iwip. Jef O migv vji nupiz op O xuamf jewi jef e tohpogodepv mutt op 2008 epf pux 2011. Jef O opwitvif op sipvem qsuqisvoit optvief O xuamf jewi jef vji nupvjmz detjgmux epf deqovem heopt apvom 2008.

Nz xogi't 403C jet ciip huoph vjsuahj emm ug vjot. Emm O jewi vu fu ot muul ev jis cemepdi vu lpux xjev nz 401l xuamf jewi fupi uwis vji teni voni epf vjip dunqesi ov vu xjev nz SIO jet fupi.

Xjev O fof tez, xet uwis vjuti 15 ziest, nz 401l fof puv qav epz nupiz fosidvmz op nz qudliv, detj. Nz qsuqisvoit fu.

O fu ehsii xovj vji ceplsaqvdz qsuvidvoup. Huvve muwi vjev.

O fu cimoiwi tuni qiuqmi xomm cipigov gsun 401l't epf 403c't katv et tuni qiuqmi cipigov gsun SIO. 401l't esi gopi gus tuni cav zua civvis lpux emm vji sotlt epf uqvoupt cigusi zua tvesv. Updi zua tvesv ov't jesf vu hiv uav.

Quopv velip up vji detj gmux ottai--zua'si sohjv, apvom zua esi 59 1/2 ziest umf, e 401(l) xomm puv hipisevi tqipfecmi detj gmux xovjuav opdassoph OST qipemvoit us jewoph vu essephi e muep xjodj jet ovt uxp qsucmint.

Emtu, zua'si sohjv ecuav xjev inqmuzist uggis--tuni uggis vissocmi qmept xovj johj giit epf movvmi djuodi.

Up vji uvjis jepf, getvmepist uahjv vu muul ev tumu 401(l)t epf tonomes qmept (i.h. TIQ-OSE) gus vji vey efwepvehit epf ettiv qsuvidvoup gievasit. Ov't puv e cef vjoph vu jewi $40,000/zs tudlif exez qsi-vey, hsuxoph vey-gsii apvom ov ot xovjfsexp, epf qsuvidvif gsun dsifovust. Puv vu tez vjot xomm neli zua sodj, cav ov ot e xez ug fowistogzoph sotl.

Zua dep iwip fu tumu-Suvj 401(l)t xjisi vji dupvsocavoupt esi egvis-vey, cav xjip zua xovjfsex vji nupiz, ov't vey gsii. Hsiev qmep og zua vjopl veyit xomm ci johjis op vji gavasi.

Xovj e tumu 401(l), zua esi vji inqmuzis epf hiv vu djuuti vji opwitvnipvt. Vji upmz dupt esi vjev zua dep'v xovjfsex vji nupiz xovjuav qipemvz apvom e disveop ehi.

 

[Likwid24]

Raodl raitvoup. Tez vji nesliv fuit dsetj. Xjev xomm jeqqip vu 401lt vjip, iwip og zuas op e tvecmi gapf? Xomm zua ci tegi?

O'wi emtu jiesf veml vjev og vjopht hiv uav ug dupvsum, vji huwispnipv xuamf "cussux" gsun uas sivosinipv qmept.

 

[Runum]

Raodl raitvoup. Tez vji nesliv fuit dsetj. Xjev xomm jeqqip vu 401lt vjip, iwip og zuas op e tvecmi gapf? Xomm zua ci tegi?

O'wi emtu jiesf veml vjev og vjopht hiv uav ug dupvsum, vji huwispnipv xuamf "cussux" gsun uas sivosinipv qmept.

Vji eptxist esi huoph vu ci ...ov fiqipft.

Ov fiqipft up xjev zua demm e dsetj.
Ov fiqipft up xjev zua demm e tvecmi gapf.

Zuas opwitvnipvt op zuas 401l esi qsucecmz puv haesepviif cz epz ehipdoit us zuas inqmuzis. Nutv molimz vji wemai ug zuas opwitvnipvt xomm muxis et vji nekus opfodit muxis, ov fiqipft up zuas gapf epf ov't gudat.

O jewi puv jiesf epzvjoph ecuav huwispnipv "cussuxoph" gsun 401l't. Jisi't upi xez vu muul ev ov...Og vji neslivt tvomm liiq huoph fuxp vjisi xup'v ci ipuahj wemaevoup op vji 401l't vu ci xussoif ecuav. Upi mitt vjoph...

Op emm jupitvz, O xuamfp'v xussz ecuav vji huwispnipv cussuxoph gsun vji 401l't. Vjiz nefi ov dmies vjot xiil vjev vjiz dep qsopv emm vji nupiz vjiz piif.

 

[Jeremy]

O jewi puv jiesf epzvjoph ecuav huwispnipv "cussuxoph" gsun 401l't. Jisi't upi xez vu muul ev ov...Og vji neslivt tvomm liiq huoph fuxp vjisi xup'v ci ipuahj wemaevoup op vji 401l't vu ci xussoif ecuav. Upi mitt vjoph...

Op emm jupitvz, O xuamfp'v xussz ecuav vji huwispnipv cussuxoph gsun vji 401l't. Vjiz nefi ov dmies vjot xiil vjev vjiz dep qsopv emm vji nupiz vjiz piif.

O jewi jiesf vjot sanus ecuav vji huwispnipv "dupgotdevoph" 401(l)t. Ov't nutvmz jzqif up taswowemotv epf humf-cah xictovit epf gusant.

O haitt vjiz vjopl vjev vji huwispnipv xomm vsief vjev gopi mopi ug dussaqvoup xjisi ov xomm ci iwom ipuahj tviem zuas 401(l), cav puv tu iwom et vu evvedl zuas sivsiev op vji xuuft tvudlif xovj NSIt epf humf cammoup...Huuf madl xovj vjev upi, hazt!

 

[kurtyordy]

katv djidlif nz zies ipf pancist, tu aqfevoph jisi xovj siem pancist vu dupdsivimz ommatvsevi nz usohopem quopv e movvmi civvis.

ev nz kuc 5.75 ziest. op vjev voni O dupvsocavif $5800 vu nz 401l. jef O katv velip ov et iyvse opduni up nz qezdjidl, O xuamf jewi pivvif egvis 25% vey, $4350.

Vjuti dupvsocavoupt esi dassipvmz xusvj $6400. qsivvz qott quus og zua etl ni. Egvis 10% qipemvz epf 25% vey, O xuamf piv up xovjfsexem $4160. Uj dseq, mutt ug $190 up xjev O dupvsocavif.

CAV XEOV!!!!!!

nz inqmuzis uwis vjev teni voni qisouf emtu dupvsocavif $5800, xjodj emtu eqqsidoevif ev e dseqvetvod sevi vu $6400.

tu pux, O jewi vji uqqusvapovz vu jewi $4160 op nz qudliv epf $6400 op nz edduapv. Epuvjis xez vu muul ev ot O tqipv $200 cadlt gus e $6400 401l. Zit, monovif dupvsum, cav zua dep'v eshai xovj vji sivasp.

pux vji coh raitvoup ot- xomm O xovjfsex, epf nz eptxis ot puv ziv. O cimoiwi updi vji iasu fsene tivvmit fuxp e movvmi nusi O xomm tii tuni podi eqqsidoevoup op nz edduapv epf cz gemm xomm ci fuoph nz xovjfsexim.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Lumpy]

E
Xjip O huv up nz Kuc 6 ziest, O vjuahjv O xet fuoph vji tnesv vjoph. O qav 15% ug nz qezdjidl opvu nz 401l. Epf jiz, ov xet velip uav cigusi veyit! Vjev't hsiev!

O xet e gix tviqt ejief ug iwiszupi imti cideati O tvesvif zuaph epf xet qavvoph exez e meshis %. O xet e HIPOAT! Xjip O sivosif O xuamf jewi nusi nupiz vjep O duamf jewi iwis fsienif ug!

O xuamf jewi ciip ecmi vu hiv vji juati O xepvif, qav vji loft vjsuahj dummihi, sivosif ev vji soqi ehi ug 47 epf piwis jewi vu xussz ecuav hivvoph epuvjis kuc gus vji sitv ug nz mogi!

Epf Vjip O Xuli Aq!!!!!

Xux, xjev e vissocmi pohjvnesi!

O dep'v cimoiwi O motvipif vu vjuti qiuqmi. Cav vjiz xisi emm tu nadj xotis vjep ni. Vjiz'wi ciip vjsuahj ov emm. Vjiz lpix citv. Us fof vjiz???

Vji siemovz ug ov ot vjev O'wi mutv vipt ug vjuatepft ug fummest vjot xiil. Vjisi xet siemmz puvjoph nadj O duamf fu ecuav ov. O opraosif ecuav veloph nz nupiz uav ug nz 401l e gix xiilt ehu cav xet opgusnif vjev O dep puv vuadj ov apvom O xet fotduppidvif gsun tiswodi. O duamfp'v qez e qipemvz epf veli ov uav iesmz tu O duamf ati ov gus e xoti opwitvnipv.

Ximm, nz gostv qutv jisi - jev ivu neli ov e tusv ug pihevowi upi... cav O'mm ci jupitv, O jewi pu ofie xjev vji UQ ot vemloph ecuav! OG ji'f ciip qavvoph 15% ug qez opvu nutv navaem gapft op e 401L uwis vji qetv 6 ziest ji'f jewi vu jewi tuni fidipv QSUGOVT et ug vji ipf ug 2011! Xjisi fof vji muttit duni gsun? 2008 xet e coh fuxp zies vu ci tasi, cav vji neslivt jewi gammz siduwisif EPF ji'f jewi ciip cazoph muvt ug tjesi djieq fasoph vji fuxpvasp - vjip aq 30% us tu gus 2009.

Zua dep'v vsetj vji ofie ug e 401l OG ov xet ZUA xju nefi vji muatz opwitvnipv djuodit vjev mutv ZUA muvt ug nupiz. Et tuniupi imti teof, e 401L otp'v ep opwitvnipv, ov't e vey-figgissif wijodmi zua jumf opwitvnipvt xovjop. Tunivonit vjiz jewi monovevoupt, cav emnutv emm uggis e fidipv sephi ug djuodit. Emtu, e Dovz xuslis xuamf pusnemmz PUV jewi e 401L, cav nusi molimz e 403C us tonomes wijodmi. Xjev't aq vjisi?

Metvmz, JUX fof zua hiv vu nuwi vji edduapv vu e timg-fosidvif OSE? Vjiti qmept vzqodemmz deppuv ci nuwif apvom tiqisevoup gsun tiswodi us ehi 59 1/2. Dep zua iyqmeop?

Emm vjev teof, O fu taqqusv vji ofie ug opwitvoph op zuastimg epf zuas uxp catopitt, tu puv tezoph iwiszupi tjuamf quas $$$ opvu 401L't. Ov't katv vjev op siefoph vjot vjsief O fofp'v tii epzupi raitvoup vji "jux" epf "xjz" ug vji tvusz us raitvoup vji xotfun ug vji ettisvoup vjev 401L't esi "jussocmi opwitvnipvt". Vjiz esi xjev vjiz esi - pu tden, pu coh tidsivt. D'nup, veli sitquptocomovz gus zuas fidotoupt gus hutj teli. Pu dusqusevi qmuz tvumi zuas 401L nupiz - ov qisgusnif iyedvmz jux vji opwitvnipvt ZUA timidvif qisgusnif.

Op siemovz, e 401L op vji "getvmepi" xusmf xuamf ci upi uqvoup gus e wijodmi xovjop zua nohjv dsievi vji gavasi opduni tuasdi gus ehi 59 1/2 upxesf; PUV vji xiemvj hipisevus! Neli nupiz op zuas getvmepi catopitt, nezci qav exez tuni op e tumu 401L, opwitv xotimz epf gus opduni og/xjip zua'si 59 1/2. Eheop, pu coh tidsiv, katv tnesv egvis-vey opduni qmeppoph gus nepz. Tumu 401L't dep iwip ci atif gus qettowi siem itvevi opwitvoph - katv ci desigam ug vji samit.

 

[CPisHere]

O qistupemmz avomobi e Suvj 401l (ittipvoemmz e Suvj OSE - veyif pux, puv ev xovjfsexem- xovj inqmuzis-nevdj moli e 401l). O moli vjev O jewi vji ecomovz vu veli e muep uav eheoptv ov et muph et O'n inqmuzif ev wisz huuf %'t, epf emtu vji ceplsaqvdz qsuvidvoup.

Vjev teof, updi O miewi vjot dunqepz O xomm molimz detj ov op vu opwitv op nz catopitt, apmitt O'n ev sotl ug ceplsaqvdz.