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Decisions, decisions...

August 21st, 2011 at 06:04 pm

We haven't put money into our 401Ks in abt a year... and for some reason I decided to go with a nominal percentage last month - if felt good to get ball rolling again. And then I started wondering if that was the smartest thing to do...

Was it worth it - putting that money in, especially when the stock market is like it is?!

I am seriously considering stopping the contributions - and instead having the money transferred into our IRAs.

Any thoughts?!

Posted in Savings | 4 Comments »

4 Responses to “Decisions, decisions...”

  1. creditcardfree Says:
    August 21st, 2011 at 08:35 pm 1313958927
    1313958927

    Yes, it is worth it! You bought those shares on sale. Assuming your time horizon for retirement is more than 10 years, it was a good move. Keep it up!

  2. patientsaver Says:
    August 21st, 2011 at 10:58 pm 1313967518
    1313967518

    If there's any kind of company match, it's definitely worth it!

  3. Shiela Says:
    August 22nd, 2011 at 03:23 am 1313983413
    1313983413

    Yes, this is the best time to buy for long-term investment because the prices are low. The economy will eventually get better, then you will be laughing.

  4. baselle Says:
    August 22nd, 2011 at 03:25 am 1313983542
    1313983542

    Its a very good move. A wise investor once said, "you make most of your money during a downturn, you just don't realize it." I increased my contributions during 2008 and I did not regret it.

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