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Is my 401K safe with this economy?
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TOPIC: Is my 401K safe with this economy?

Re:Is my 401K safe with this economy? 3 years, 4 months ago #419

  • richard
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I\'ll be retiring soon and have been talking to my banker. I told him to get all my money out of the market. I don\'t think the economy will recover anytime soon. I\'m really worried. I honestly think that this market is getting worse and worse.

Re:Is my 401K safe with this economy? 3 years, 4 months ago #427

  • jbrown6
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I am very scared as I lost a lot of money in my 401k last month. I\'m still trying to decide if I\'ll pull out my funds or wait for the market to pick-up. I really don\'t know what to do at this point as I\'m fast approaching my retirement years. I\'ll be retiring in 6 years and I\'m really nervous if I\'ll have enough by then.

Re:Is my 401K safe with this economy? 3 years, 4 months ago #545

  • smattews943
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I am worried with my 401k, but not really because I\'m still young. I just feel sad every time I look at my 401k account because I invested a lot of my money there. I\'ve been reading a lot of articles about this and it says that typically the market will cycle every 10 years. I\'m just hoping that this economy will get better soon. I\'m not closing nor stop contributing to this account. I still believe that despite this economic turmoil, there is still an opportunity in the stock market. Now I can buy more stocks at a lower price. I just hope and pray that by the time I retire (I still have about 25 years), the economy will be up again.
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