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401K

October 29th, 2009 at 02:59 pm

I had my 401k turned off earlier in the year because I was following Dave Ramsey advice of getting out of debt. But luckily after carefully watching the market and realizing that I was loosing out of my employers match contributions, I turned my 401k back on mid summer. Now I am glad that I did because market jumped back up and to the Dow did hit 10000 again..well at least for a little while and I did see profit of 35% of my investments. But if the market does go again I figure I still a long time before I will ever need it.

Posted in Retirement | 4 Comments »

4 Responses to “401K”

  1. creditcardfree Says:
    October 29th, 2009 at 03:14 pm 1256829286
    1256829286

    Wise move! Never pass up free money. Smile

  2. fruitbowlk Says:
    October 29th, 2009 at 04:03 pm 1256832219
    1256832219

    That's one part of his plan I wouldn't do.

  3. Ima saver Says:
    October 29th, 2009 at 04:09 pm 1256832589
    1256832589

    Welcome, glad you have joined us!

  4. CouponAddict Says:
    November 2nd, 2009 at 01:30 am 1257125415
    1257125415

    Yeah, I also would not pass up any match to 401K, the low amount that is saved to be matched really will not make that much of a dent to the debt snowball in most cases.

    I am interested in seeing your sidebar updated so we can tell what kind of progress you are making on your debt.

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