DB2point0 Posted September 22, 2022 Share Posted September 22, 2022 (edited) 1 hour ago, KirtFalcon said: You can transfer money between qualified accounts as long is it's done the right way and you never take posession of it yourself. There is a procedure for it, but be careful ... I did it after I retired for the 2nd time .... I’m just talking about funds/ETF’s/money markets in the individual 401k account. There’s no penalty for moving money around funds. Dont just sit there and lose you rump, move the money into something safer and weather the storm. Edited September 22, 2022 by DB2point0 Link to comment Share on other sites More sharing options...
DB2point0 Posted September 22, 2022 Share Posted September 22, 2022 1 hour ago, Monte1076 said: My 401k's are all index funds, I believe. So as it stands now, with these market downturns, I'm still losing money. Who is your plan administrator? Fidelity? T. Rowe Price? Link to comment Share on other sites More sharing options...
Monte1076 Posted September 22, 2022 Author Share Posted September 22, 2022 19 minutes ago, DB2point0 said: Who is your plan administrator? Fidelity? T. Rowe Price? They all seem to be Fidelity. Link to comment Share on other sites More sharing options...
Purpleforever Posted September 22, 2022 Share Posted September 22, 2022 You haven’t lost anything until you sell. How low are you willing to go? Do you believe that the stock market will recover all its loses as it has historically or is this the end? Link to comment Share on other sites More sharing options...
DB2point0 Posted September 22, 2022 Share Posted September 22, 2022 5 hours ago, Monte1076 said: They all seem to be Fidelity. So fidelity is the administrator that hosts your account. We were with them before our company opted for someone else. I liked fidelity. They had several BkavkRock retirement age based funds, blue chip, mid cap and small cap funds. They also had value funds, international funds, money market, bond funds and our company stock fund. I bet your account is constructed similarly. Link to comment Share on other sites More sharing options...
BlahBlah Posted September 22, 2022 Share Posted September 22, 2022 9 hours ago, trashyhound said: Borrowing money at low interest rates does not cause inflation, it creates economic growth. Idiots in power printing money in order to buy votes from stupid people causes inflation. Your half right. Printing money does cause inflation. So does low interest rates. It was so low the last dozen years that it was almost free money given away by the banks. That drove up prices in the housing , stock market and other things. Link to comment Share on other sites More sharing options...
BlahBlah Posted September 22, 2022 Share Posted September 22, 2022 19 hours ago, RETIREDFAN1 said: And who has caused THAT??? Both parties. Interest rates were low to combat The Great Recession. The recession has been over for over a decade. The Feds never raised the interest rates back up. Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted September 22, 2022 Share Posted September 22, 2022 Just now, BlahBlah said: Both parties. Interest rates were low to combat The Great Recession. The recession has been over for over a decade. The Feds never raised the interest rates back up. Wrong, ignorant, or a willful lie.....try again......WHO flooded the economy with free money....... Link to comment Share on other sites More sharing options...
BlahBlah Posted September 22, 2022 Share Posted September 22, 2022 1 minute ago, RETIREDFAN1 said: Wrong, ignorant, or a willful lie.....try again......WHO flooded the economy with free money....... IT WAS ME !!!! IT WAS ME !!! I'm let the dogs out, o.k. I'm also the real Slim Shady Have mercy on me !! 1 Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted September 22, 2022 Share Posted September 22, 2022 1 minute ago, BlahBlah said: IT WAS ME !!!! IT WAS ME !!! I'm let the dogs out, o.k. I'm also the real Slim Shady Have mercy on me !! Good brainwashed libnut.....taking the blame for the REAL culprit......lol 1 Link to comment Share on other sites More sharing options...
KirtFalcon Posted September 22, 2022 Share Posted September 22, 2022 56 minutes ago, BlahBlah said: Your half right. Printing money does cause inflation. So does low interest rates. It was so low the last dozen years that it was almost free money given away by the banks. That drove up prices in the housing , stock market and other things. Low interest rates in a growing, healthy economy is a good thing and it doesn’t cause inflation .... it wasn’t until the dimturds started all their reckless government stimulus handouts flooding the markets with phony money and government spending that inflation started rising out of control. If the federal government would stay out of it and let the free markets correct itself, out of control inflation wouldn't happen. Now through more government heavy handedness the FED is jacking up interest rates trying to fix something their reckless intervention in the makets caused in the first place .... The federal government needs to stop trying to fix it and let the free markets work .... 1 Link to comment Share on other sites More sharing options...
trashyhound Posted September 22, 2022 Share Posted September 22, 2022 1 hour ago, BlahBlah said: Your half right. Printing money does cause inflation. So does low interest rates. It was so low the last dozen years that it was almost free money given away by the banks. That drove up prices in the housing , stock market and other things. Nope. Government meddling is the ONLY thing that causes inflation 1 1 Link to comment Share on other sites More sharing options...
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