Or you could just buy Berkshire Hathaway stock
401k balance
- Thread starter Serf
- Start date
olroadbeech
Happy Verified UPSer
Michael Burry of The Big Short fame is betting on water stocks.
We just put 50k ( which is the minimum ) in Vanguards Commodities Index fund.
Career returns over 20% a year.
That's good enough for me. If that keeps up our money will double in about 3 years or so. Of course past performance
does not......blah blah blah
We just put 50k ( which is the minimum ) in Vanguards Commodities Index fund.
Career returns over 20% a year.
That's good enough for me. If that keeps up our money will double in about 3 years or so. Of course past performance
does not......blah blah blah
Or you could just buy individual water socks like I do...
When things turnaround will put some more in market but for time being probably only seecsome modest rallies if that. No one knows the bottom so not worried about missing some upside right now. Probably be no more than 60% in stocks,stock funds while retired anyway.
When you were tired that's a different story
I'm in a retirement Red zone so I have to be careful with what I do myself
McFeely
Huge Member
Not like the old days. Company and employee loyalty is not what it used to be.
I try to stick around at jobs for a while if they take care of me; I’ve only worked for 3 employers in the last 24 years, partly because I hate looking for work
As for the 401k question: how far away from retirement are you? I’m (hopefully) 10-12 years away myself and my 401k has a decent value. I also kept the PPA and also started a Roth IRA. Tax diversification for when I do retire. I was fortunate enough to buy my house in the 2007 housing bust so my monthly expenses are slim and that allows me to invest heavily in my IRA/401k. If you have a ways to go, quit looking at your balance, bump up your contributions if you can, and let it grow over time.
MassWineGuy
Well-Known Member
Please elaborate.
Before the whole Covid market crash my 401k was $136,000. Today it’s about $128,000. I’m part time and have eight years in.
Thankfully, my wife has a far better looking situation, though the value has declined some.
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Berkshire B shares are affordable ,at least compared to A shares.
I remember back in the 80 s when I first started getting interested in the msrket zBerkshire was 400 share and I thought wow that’s high,knew nothing about Buffet, so I’m thinking that’s a lot of downside risk, haha. If only I had bought 10 shares but I’m sure I would have sold a long time ago not expecting to go to 400k per share of course. Do have 20 shares of the B class,small % of overall funds.
I remember back in the 80 s when I first started getting interested in the msrket zBerkshire was 400 share and I thought wow that’s high,knew nothing about Buffet, so I’m thinking that’s a lot of downside risk, haha. If only I had bought 10 shares but I’m sure I would have sold a long time ago not expecting to go to 400k per share of course. Do have 20 shares of the B class,small % of overall funds.
DriverNerd
Well-Known Member
I went from 182 down to 136 in March of 2020. By the end of September I was back to where I started and it just skyrocketed the next 12 months. By the end of December 2021 I was over 300.
Serf
Well-Known Member
I’m 1/2 way there. The last 15 years just flew….
Serf
Well-Known Member
That’s solid for being PT.
whenIgetthere
Well-Known Member
Retired earlier this year, I have the Fedex 401, was a bit over 250K, as well as an IRA from previous job at about 350K. Have lost about 80K between the two. WIll be fine as long as the markets head up again. Took my SS, so I can endure the market for quite a while. No car payments, mortgage is only 600 a month, and golf was 500 a month, but joined the club I play at four times a week, and that's only 300 a month. Wife still works, and insurance thru her till Medicare jumps in.
Medicare should not be problem for old timers if retire at 65 ,deduct from ss if taking or use the money they give us for ins premiums to pay it.if you retire before 65 we can use that money also but market premiums are high for decent insurance and even decent ins has high deductibles lot of times
Serf
Well-Known Member
Obviously Health being wealth. The second form of wealth or first is Time. Obviously these are things we all want. The possibility of being half way thru the working years is kinda wild. I need to have a big decade financially to set myself up to make parole out of the express prison farm.
MassWineGuy
Well-Known Member
Money they give us for insurance premiums?
If you were around long enough,started in 89,retired in Dec 2021. Based on age you retire they have a YSA, your spending account. At 61 yrs old I got 25k pay for ins premiums,I get reimbursed each month. That does not pay for medical bills ,only ins premium ,you choose your own insurance,my spouse also gets an account,hers was 39k because she is younger by 6/years. More $$ the younger you are. She has ins from employer so not using hers until she retires. Would have to look up qualifying details but probably need to be at least 55 when retire and certain number of years like 20 25 or 30. The account can be used for Medicare premiums also if money left over or u retire at 65.
MassWineGuy
Well-Known Member
I do recall that someone at work mentioned this a couple of years ago. Is 65 the cutoff? Or do you still get this if you retire later and haven’t yet used Medicare?
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