Anyone elses 401K get hammered today?

[garf12]

Try writing a $36,800 check to the IRS, and a $12,400 check to the state!

I'd give me left nut to only lose $1,500! But yea I'm with you, everything's been taking a dump lately!

Good thing about 401K's though is that your in it for the long run, so it'll eventually bounce back, and you'll be back on an even keel. Most people drive themselves crazy when they watch that stuff constantly, and realize how much it really fluctuates! Just fo'get about it...

Sounds about like me. I got away with about only about $11,100 this year. But I got to send $150,000 for my 05 estimate, and looking at having to send about another $200k for 05. Had some big land closings.

 

[BlueLight]

check w/ your 401k admin to see if they allow a self-directed brokerage account within the 401k plan--if so, you can pick your own investments and not have to deal w/the core funds. (some of the other majors' have that option)
good luck

First time I ever lost 1500 in one day. On top of it I have to contend with the suck a$$ funds US Airways selects for us. There is like 40% overlap in everything, large and small cap. I gotta stop lookin at that stuff.

I'm thinking of going from my current contribution of 15% to 6% (6 is the min to get the max company match). Then taking the remaining 7% after taxes and putting it into a Roth. This way I still get max "free" 401K money, limit myself to U's crappy 401K fund selections and with the Roth have better control of where my remaining 7% (after taxes) goes. What do you guys think?