this is a story about my 401k with my current company....
In late 2021 (like most of us!) I was feeling pretty flush, and thinking I was going to retire years earlier than previous projections. I wanted to put a good chunk of money in my current company's 401k into 'safety', thinking I would put it all into safe and keep saving till I had enough to get me through to 59.5 using the rule of 55 with this employer, and when I had that tied up, quit. The rest of my investments (roth, previous 401k rollovers, etc) were going strong and looked like headed to be in great shape when I hit 59.5 and had exhausted my current 401k monies. Previous, I had been 100% stocks most of the time going for growth.
When I researched what was available in the 401k. ugh! there was nothing that didn't have the potential to lose money. I just wanted like a money market where I put a dollar in and it stays a dollar and then at some point they give me a penny for being a good girl, I was unconcerned about return, just want safe.
Nope. Some phoney ass "safe" money that trickle a slow loss here and there. I was disgusted! Let's just say this isn't the first big disappointment with the company 401k! Given where we were at with the market, I decided to wing it in the 401k. leave in the markets, and start investing safe money outside of the 401k instead and I'd probably come out ahead anyway and able to retire after just another good 6-18 months.....
but it wasn't meant to be.....
Being the masochist that I am, I have kept track of what my balance would have been if I had switched it over to a money market safe style investment, and made all future 401k contributions into it as well - no interest imputed. Well - today I broke even, lol!
Looks like I will lose ground when they post the close from today into the funds, but for today, I am even.
hahaha!
How you doing?
