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401k

gutshotdraw

ZERT Wilson CQB User
Joined
May 6, 2005
Posts
3,226
Total Time
9000
Haven't even looked Gun. Didn't want a coronary. Just keep pumping in the max. It's like a half-off sale right now. If you're more than 10 years from pulling the plug, don't stress over it. The closer you get to retirement, the more you should be shifting to income-producing instruments from equity positions.
 

Flex-ible

JAFO
Joined
Jan 12, 2008
Posts
264
Total Time
40+
Haven't even looked Gun. Didn't want a coronary. Just keep pumping in the max. It's like a half-off sale right now. If you're more than 10 years from pulling the plug, don't stress over it. The closer you get to retirement, the more you should be shifting to income-producing instruments from equity positions.

You a financial advisor in a previous life? Sounds like good advise.
 

AZ Typed

Hobby's Flyin
Joined
Apr 7, 2005
Posts
377
Total Time
4500
Fund long-term liabilities with long-term assets. Fund short-term liabilities with short-term assets. There, you can be a better CFP than most of 'em out there.

AZ T
 

kf4amu

Well-known member
Joined
Mar 31, 2005
Posts
3,074
Total Time
250
Never ask a pilot for money/investment advice. We are the worst group to ask about it. All of us making good money are still a paycheck away from unemployment benefits, and the rest are still paying student loans.
 

o2bflyn

Well-known member
Joined
Jun 18, 2008
Posts
482
Total Time
>40
Never ask a pilot for money/investment advice. We are the worst group to ask about it. All of us making good money are still a paycheck away from unemployment benefits, and the rest are still paying student loans.

lol....I think I may be both.

I look at it every so often, but I am far from retirement anyway so I don't worry about the loses too much. It sucks, but I have time to wait out the market.
 

Amish RakeFight

Registered Loser
Joined
Dec 28, 2005
Posts
8,006
Total Time
.
Yeah, I'm up about the same. 2009 YTD is 2.7% as well.

Unfortunately, 2008 YTD I finished down -35%.
 

fischman

Well-known member
Joined
Aug 11, 2005
Posts
2,360
Total Time
4000
I'm up 3% for '09 too.

Ended '08 -48%

Luckily, I have 30 more years before retirement.
 

AZ Typed

Hobby's Flyin
Joined
Apr 7, 2005
Posts
377
Total Time
4500
Never ask a pilot for money/investment advice. We are the worst group to ask about it. All of us making good money are still a paycheck away from unemployment benefits, and the rest are still paying student loans.

That does not go just for pilots. Try most of middle-America!
 

jenex

Active member
Joined
Aug 24, 2008
Posts
37
Total Time
8000
Haven't even looked Gun. Didn't want a coronary. Just keep pumping in the max. It's like a half-off sale right now. If you're more than 10 years from pulling the plug, don't stress over it. The closer you get to retirement, the more you should be shifting to income-producing instruments from equity positions.

I agree with Gun,
Keep pumping in the max and take the company match. However, I wouldn't be pumping into stocks.
Try the money market fund at least for another year!
The market is almost half off when it reaches Dow 7,000 Then I would think about moving some funds to the stock funds. JMHO
 

gutshotdraw

ZERT Wilson CQB User
Joined
May 6, 2005
Posts
3,226
Total Time
9000
I'm going to fly until they pry the yoke from my cold, dead fingers......

Oh, wait. That's not me. That's some of our 70+ fossils.

If I'm still out here at 65, my best friend has orders to shoot me with my own Wilson Combat .45
 

993_Pilot

MIGS
Joined
Jul 12, 2008
Posts
569
Total Time
20 yrs
Well Flops announce today that they are suspending the 401k matching contributions . . . I will lose 3% on that alone regardless of what the market does! Yeah team !
 

gutshotdraw

ZERT Wilson CQB User
Joined
May 6, 2005
Posts
3,226
Total Time
9000
The death rattle continues.....
 
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