Comments on: Net Worth Update: February 2010 (+$1,845) http://pantsinacan.com/2010/02/06/net-worth-update-february-2010-1845/ A Personal Finance Blog with a Silly Name Wed, 23 May 2012 04:33:51 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Brainy Smurf http://pantsinacan.com/2010/02/06/net-worth-update-february-2010-1845/#comment-65952 Brainy Smurf Sun, 07 Feb 2010 03:23:41 +0000 http://pantsinacan.com/?p=1803#comment-65952 I was considering taking a break from contributing to my 401k partly because <a href="http://pantsinacan.com/2009/06/22/boo-no-more-401k-employer-match/" rel="nofollow">my employer no longer offers a match</a> but also because it would allow me to accelerate my plans to get the interior of my house remodeled and pay off the mortgage too... That, and now that I've got a better idea of what I'm doing, I realize that the funds offered in our plan are less than stellar. I could do better using a combination of mutual funds and Roth IRA's while still having access to the money should the need arise which is something that'd give me far more peace of mind than my 401k does some 30+ years away from being able to touch it. For now, though, I think I'm going to stick it out at least until I hit the six figure mark and then I'll re-evaluate things... I was considering taking a break from contributing to my 401k partly because my employer no longer offers a match but also because it would allow me to accelerate my plans to get the interior of my house remodeled and pay off the mortgage too…

That, and now that I’ve got a better idea of what I’m doing, I realize that the funds offered in our plan are less than stellar. I could do better using a combination of mutual funds and Roth IRA’s while still having access to the money should the need arise which is something that’d give me far more peace of mind than my 401k does some 30+ years away from being able to touch it.

For now, though, I think I’m going to stick it out at least until I hit the six figure mark and then I’ll re-evaluate things…

]]> By: DoneToZen http://pantsinacan.com/2010/02/06/net-worth-update-february-2010-1845/#comment-65936 DoneToZen Sat, 06 Feb 2010 23:22:42 +0000 http://pantsinacan.com/?p=1803#comment-65936 Why were you thinking about lowering or stopping contributions to your 401K? Why not contribute into a money market fund and transfer the money into stocks at set intervals as the stock market goes down? Why were you thinking about lowering or stopping contributions to your 401K? Why not contribute into a money market fund and transfer the money into stocks at set intervals as the stock market goes down?

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