401

[free]

Between my wife's 401 and my 403 we've lost close to $20.00 today...I suppose it could be worse but I hate the thought of losing any money!

[RamboPreacher]

gotta think long term.

did you actually lose anything if you don't have it (liquid) to begin with?

[TW]

Actually you haven't "lost" anything, unless you sold of your stocks today. Your investments might not be as valuable today as they were yesterday, but that was only potential wealth, not monies actually in hand. The only time that you actually lose money is if you sell at a lower price than you paid, or the fund goes belly-up (think Enron), other wise the potential value of your stocks is greater on some days than on other days.


TW

[scooter]

$20.00

Response: 20? I wish mine were twenty.

[Dr. Ron]

I wish I had something to lose.

You guys who are bi-vocational will never know how fortunate you are to be putting something away for retirement.

I have the privilige to pastor till I die.....no savings....no 401
....no insurance (if my wife didn't work for it)


So quit your gripping and enjoy at least having something.l

[DaJudge]

Now is a good time to buy if you can. Buy low.

[RamboPreacher]

Now is a good time to buy if you can. Buy low.

shshshshshhshhhh - don't tell everyone, you and I need to pick up some monopolies. heheheheee

[Pastor Gary]

I wish I had something to lose.

You guys who are bi-vocational will never know how fortunate you are to be putting something away for retirement.

I have the privilige to pastor till I die.....no savings....no 401
....no insurance (if my wife didn't work for it)


So quit your gripping and enjoy at least having something.l

You left us too soon!

COGOP has an excellent 403b retirement program in place now for those who choose to opt in.

[Billy n NC]

I used to have a 401. Had to live off of it for 2.5 years when I got laid off back in 2001. That recession.

and Unfortunaltly I am stuck making payments on the tax penalties for those two years..


So Say Thank the Lawd it was not worse. LOL

Like some have said. leave it be. it will come back.

[rjc]

Hold on tight, the ride might get rough but I really do feel that things will turn around, it may take some time though. Also, things could be worse, when I was 60 years old I lost my retirement due to Enron, lost my job and most importantly my husband died. It was hard to start over but with much prayer and the emotional support of my family and friends I have been able to do just that, although I probably will be working for the balance of my life. I don't really mind, I like working and it keeps me phsyically and mentally active.

[scooter]

Stocks slide again!