Comments on: Are You Saving for Retirement? http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html Sun, 12 Feb 2012 14:20:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: centsablemomma http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html/comment-page-1#comment-2387 centsablemomma Fri, 28 Aug 2009 12:01:44 +0000 http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html#comment-2387 Yikes...Tia! I hope you are able to get your 401(k) money. Of course, Enron employees had a similar problem. I was actually going to write more about IRA's and Roth IRA's, etc, but I was going to save that for another article. You definitely need to spread the risk around, especially if your 401(k) investment is in company stock (not saying yours was...just thinking of Enron). Yikes…Tia! I hope you are able to get your 401(k) money. Of course, Enron employees had a similar problem. I was actually going to write more about IRA's and Roth IRA's, etc, but I was going to save that for another article. You definitely need to spread the risk around, especially if your 401(k) investment is in company stock (not saying yours was…just thinking of Enron).

]]> By: centsablemomma http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html/comment-page-1#comment-2386 centsablemomma Fri, 28 Aug 2009 11:58:35 +0000 http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html#comment-2386 That's great, Carrie! If only everyone was like you...it's amazing to me how many people are pulling it out of their retirement funds right now rather than contributing. They end up losing about 50% of it when they pull it out due to taxes and penalty.<br /><br />Recent undefined:=- <a href="http://comluv.com" rel="nofollow"></a> That's great, Carrie! If only everyone was like you…it's amazing to me how many people are pulling it out of their retirement funds right now rather than contributing. They end up losing about 50% of it when they pull it out due to taxes and penalty.

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]]> By: Tia @ Tia Saving Cents http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html/comment-page-1#comment-2385 Tia @ Tia Saving Cents Fri, 28 Aug 2009 08:27:48 +0000 http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html#comment-2385 Great article Corrie! I agree that we can not depend on Social Security or pensions but people need to be aware that 401k(s) are just one more option for them to take advantage of and they should not put all their eggs in that basket either. I know most everyone lost some value of their 401K in the recession but with the government seizure of my former employer my 401k was left with the holding company the new bank did not buy and I am now waiting for a bankruptcy court to release the funds so I can roll it over to an IRA and I worry what is left of it won't be released or will be lost. I also had a cash pension with that company that is also all tied up and whether I will see any of that remains to be seen. More then a decade of savings is in there. Thankfully I am not at retirement age now and have time on my side but it is frustrating and stressful. Going forward I will maximize my contribution to get a full match if that is available but I will not put a penny more in and will utilize other investment options. <br /><br />Recent blog:=- <a href="http://tiasavingcents.com/2009/08/28/friday-freebies-and-coupon-round-ups/" rel="nofollow"> Friday Freebies and Coupon Round Ups</a> Great article Corrie! I agree that we can not depend on Social Security or pensions but people need to be aware that 401k(s) are just one more option for them to take advantage of and they should not put all their eggs in that basket either. I know most everyone lost some value of their 401K in the recession but with the government seizure of my former employer my 401k was left with the holding company the new bank did not buy and I am now waiting for a bankruptcy court to release the funds so I can roll it over to an IRA and I worry what is left of it won't be released or will be lost. I also had a cash pension with that company that is also all tied up and whether I will see any of that remains to be seen. More then a decade of savings is in there. Thankfully I am not at retirement age now and have time on my side but it is frustrating and stressful. Going forward I will maximize my contribution to get a full match if that is available but I will not put a penny more in and will utilize other investment options.

Recent blog:=- Friday Freebies and Coupon Round Ups

]]> By: Carrie http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html/comment-page-1#comment-2384 Carrie Fri, 28 Aug 2009 04:33:42 +0000 http://www.centsablemomma.com/2009/08/are-you-saving-for-retirement.html#comment-2384 i'm not expecting to ever see any social security benefits.<br /><br />i've been maxing out my roth ira every year since i had my first summer job when i was 16 and putting in what i need to get my full company match for my 401k.<br /><br />i think i'll be fine considering that i'm 25 and already have more in my retirement accounts than most people 20 years older than me<br /><br />Recent blog:=- <a href="http://feedproxy.google.com/~r/carrieactually/~3/5k3RVFjBX9s/" rel="nofollow"> One Gmail Address to Rule Them All</a> i'm not expecting to ever see any social security benefits.

i've been maxing out my roth ira every year since i had my first summer job when i was 16 and putting in what i need to get my full company match for my 401k.

i think i'll be fine considering that i'm 25 and already have more in my retirement accounts than most people 20 years older than me

Recent blog:=- One Gmail Address to Rule Them All

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