Coldworld
Well-Known Member
What level did you end up at when you retired??? Thought you mgt folks that were there from the 70’s and 80’s had tens of thousands of shares.
401k self managed fund question
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Darmark7
Retired 2020. Not my Problem Anymore!
I get a little over $3000 quarterly (every 3 months) so I was breaking it down to monthly. I have also said I get a little over $12,000 a year in dividends but that doesn’t mean they only pay me yearly. Figure of speach but still true.
Darmark7
Retired 2020. Not my Problem Anymore!
I never was in management. I was a driver so we couldn’t buy stock until the very late 1990’s. I didn’t start buying until 2000. If I would have known then what I know now I would have started buying on day 1 and would have had more money taken out of my paycheck weekly for stock. At first I had $50 a week taken then after a couple years I went to $75 and then quickly went to $100. My last few years I was up to $200 and in 2020 when COVID drove down the price of a share to around $90 a share I bought an extra $2000 worth on top of my weekly.
I retired a little over 3 yrs ago and at that time I think I had around 1750 shares. The dividend money is what has bought more shares since I retired.
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Coldworld
Well-Known Member
Darmark7
Retired 2020. Not my Problem Anymore!
You said “I ever had.” Did you sell? The dividends on that would be $3251 every quarter at the current dividend rate.
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pkgdriver
Well-Known Member
I think you can buy similar. The info on some of the Empower funds you have may have should have a ticker or Legal name you can use to buy. These shares may be Investor(us) and institutional(them or others like them) and have different costs. Some of them may be for institutional investors only.
KearsargeCoop
Baseball, dart board
You got a solid lead or what
Wally
BrownCafe Innovator & King of Puns
No. Just wondering if one could diversify in the self managed into things like MYGA's?
Wally
BrownCafe Innovator & King of Puns
Fees the same on the SMA side?
That empower site isn't as good. Where is all the investment options?
pkgdriver
Well-Known Member
I believe the SMA fees will be the same. It’s still the same company BnyMellon for the SMA.
The site seems to be ok for me just different from Prudential. The SMA isnt avaliable on the app yet.SMA totals are there but no link to the account.
pkgdriver
Well-Known Member
The brokerage link for the self managed account changed for phone/tablets a few days ago. This is the new link if anyone has problems.
I had to register again, have your account number ready. Participant phone number at bottom right if you need to call.
Desktop works with old site/link. Didnt try laptop yet.
I had to register again, have your account number ready. Participant phone number at bottom right if you need to call.
Desktop works with old site/link. Didnt try laptop yet.
Soon as I'm out this place my money from Empowerment will be movedThe brokerage link for the self managed account changed for phone/tablets a few days ago. This is the new link if anyone has problems.
I had to register again, have your account number ready. Participant phone number at bottom right if you need to call.
Desktop works with old site/link. Didnt try laptop yet.
Especially with that big screw up they had in August
I want Nothing to do with that company
Coldworld
Well-Known Member
I'm sure that's the next thing Carol and company will be cutting....go find your own 401k plan Sucka.
That's the way to go. Longer you can "pretend" the money don't exist, the more it works for you. Hope you find yourself as financially independent as you want to be for the rest of your days!
Thebrownblob
Well-Known Member
Had a friend recently quit who had worked here, 20+ years. Empower their rules require to keep his money for 30 days lol.
