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401k gained 30 percent

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posted on Jan, 7 2020 @ 01:47 PM
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originally posted by: Stupidsecrets
49% have no money in the market. Their plan is to get gains another way.


The same 49% that don't pay taxes...




posted on Jan, 7 2020 @ 02:12 PM
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a reply to: Bluntone22

Glad to see your retirement is growing, but remember, the stock market can go down anytime and wipe out your gains. I do not know how many times that has happened to us over the last forty years.

We got most of our money out of the stock market about three or so years ago, but we still have some AT&T stock that does pretty good, we just got rid of the dividend reinvestment on that stock, we have lots of shares, but we got car payments now and the money from the dividends will pay four car payments a year. We were paying taxes on the dividends all ready so might as well just get them out.


edit on 7-1-2020 by rickymouse because: (no reason given)



posted on Jan, 7 2020 @ 02:28 PM
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a reply to: Bluntone22

I only got 28% damn!!!, and my boss pissed me off when I got my first check this year, he gave me a 20% raise without even telling me.....RATS!



posted on Jan, 7 2020 @ 04:16 PM
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Are gains exponential though?

Can business stay that good for the forseeable future?

Logic would say there has to be a ceiling or a soft cap on economical growth. Are the number of young adults going into the workforce fueling the continued growth for decades to come? More young people vs people retiring or passing away?

Even if some liberal administrations come and go in the future and do their evil magic, making your 20% area go down to a few percent, it was still a gain. I don't think 401k's could take a negative % hit to growth unless something terrible was going on. Doom porn scenarios.
edit on 7-1-2020 by FlyingSquirrel because: (no reason given)



posted on Jan, 8 2020 @ 08:43 AM
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a reply to: Bluntone22

Just retired...I just took a $15,000+ cash withdrawal (no penalties, no repayment)) from 1 of my 401's...as I wanted $$ in my savings to do stuff with the wife, while still keeping a larger part invested-(TIAA/CREF).

This quarter, 5.90℅, av.daily bal....up n down this yr between that and 12℅....I've noticed a difference as well...and really understand little about it all..



posted on Jan, 8 2020 @ 09:32 AM
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it's real easy, VOO, VWO, DGRO

you can just put your money in those mindlessly and go to sleep and you'll gain that much



posted on Jan, 8 2020 @ 01:22 PM
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a reply to: toysforadults

Uh huh...
That's why you're independently wealthy and living the easy life..




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