How much % are you invested in your 401K

[Konebhar6]

I am at about 30%. Mostly into Technology funds. Rest in cash. How about you?

[FrustratedVuncle]

Just now, Konebhar6 said:

I am at about 30%. Mostly into Technology funds. Rest in cash. How about you?

100% in index funds 

[Konebhar6]

9 minutes ago, FrustratedVuncle said:

100% in index funds 

Aggressive Index funds or moderate?

Technology fund has given amazing returns in the last 3 months. I got in at right time but I only moved 30% of my funds. I I wish there was an option on Cash to put in savings and get 4-5% interest. 

 

[sarvayogi]

401k is just a waste of thing..ppl think saving every year small amounts will give big amounts at retirement

You are just giving your hard money to govt for free and for them to invset some where else and you loosing 40-45k an year(if both invest) in cash and again spending those expenses on credit cards and paying interest

[Pandubabu]

19 minutes ago, Konebhar6 said:

Aggressive Index funds or moderate?

Technology fund has given amazing returns in the last 3 months. I got in at right time but I only moved 30% of my funds. I I wish there was an option on Cash to put in savings and get 4-5% interest. 

 

I don't know what you mean by aggressive index funds ..

[Pandubabu]

14 minutes ago, sarvayogi said:

401k is just a waste of thing..ppl think saving every year small amounts will give big amounts at retirement

You are just giving your hard money to govt for free and for them to invset some where else and you loosing 40-45k an year(if both invest) in cash and again spending those expenses on credit cards and paying interest

Ppl who invest in 401k has some financial education . They don't pay interest on credit cards mm

[Sonu_Patel]

14 minutes ago, sarvayogi said:

401k is just a waste of thing..ppl think saving every year small amounts will give big amounts at retirement

You are just giving your hard money to govt for free and for them to invset some where else and you loosing 40-45k an year(if both invest) in cash and again spending those expenses on credit cards and paying interest

I disagree because.. most of the times Employer match will fetch out.

[sarvayogi]

10 minutes ago, Sonu_Patel said:

I disagree because.. most of the times Employer match will fetch out.

yes you should only invest until employer match counts..never to max out..

Very few companies give 6 to 6 max. Many give a 6 to 3 or a max limit of 4500-6000 as contribution

[idibezwada]

maxed out

[idibezwada]

2 minutes ago, sarvayogi said:

yes you should only invest until employer match counts..never to max out..

Very few companies give 6 to 6 max. Many give a 6 to 3 or a max limit of 4500-6000 as contribution

good luck with that

[Konebhar6]

28 minutes ago, sarvayogi said:

401k is just a waste of thing..ppl think saving every year small amounts will give big amounts at retirement

You are just giving your hard money to govt for free and for them to invset some where else and you loosing 40-45k an year(if both invest) in cash and again spending those expenses on credit cards and paying interest

I started realizing that recently. It makes sense for 401k Match. We have profit sharing meaning company will put about 5% no matter we contribute or not. I will probably stop 401k contribution from next year (Maxed out already this year). Already have a good chunk and will help if I want to retire early (dream) ...

Desis mostly do not pay interest on credit cards. If they do, contributing to 401k does not make sense. Its better to pay off debts and later think about saving for future.

[Konebhar6]

17 minutes ago, Pandubabu said:

I don't know what you mean by aggressive index funds ..

Most funds in 401k have a % allocated to Equity. Agressive funds invest more % of the money into Stocks and less money into safe assests like bonds/moneymarket/etc. Less aggressive funds invest less % into stocks.

[idibezwada]

10 minutes ago, Konebhar6 said:

I started realizing that recently. It makes sense for 401k Match. We have profit sharing meaning company will put about 5% no matter we contribute or not. I will probably stop 401k contribution from next year (Maxed out already this year). Already have a good chunk and will help if I want to retire early (dream) ...

Desis mostly do not pay interest on credit cards. If they do, contributing to 401k does not make sense. Its better to pay off debts and later think about saving for future.

why maxing out doesn't make sense to you?

[sarvayogi]

12 minutes ago, Konebhar6 said:

I started realizing that recently. It makes sense for 401k Match. We have profit sharing meaning company will put about 5% no matter we contribute or not. I will probably stop 401k contribution from next year (Maxed out already this year). Already have a good chunk and will help if I want to retire early (dream) ...

Desis mostly do not pay interest on credit cards. If they do, contributing to 401k does not make sense. Its better to pay off debts and later think about saving for future.

that depends on how you manage debt and pay interest on credit cards. 

I roughly had earlier 200k in credit card payments and personal loans at one point in time. But investing that cash gave me 400k in returns. So its all subjective 

[Techsas]

1 hour ago, Konebhar6 said:

I am at about 30%. Mostly into Technology funds. Rest in cash. How about you?

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