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Personal Finance and Investing

PoindexterOglethorpe

(27,850 posts)

1. Yes. Absolutely.

Reply to Wicked Blue (Original post)

Mon Apr 7, 2025, 11:52 AM

Apr 7

He may want to switch some of his funds from stocks to bonds, but the mistake most people make is that they stop buying and start selling when the market goes down, which is the best time to buy and buy.

The markets eventually go up. And up. And up.

If anything, he should increase his contribution at this point.

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3Hotdogs progree

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Should my husband still keep putting money in his 401K? [View all] Wicked Blue Apr 7 OP

Yes. Absolutely. PoindexterOglethorpe Apr 7 #1

But what if the S&P 500 plunges 30% down from its all time high? Wouldn't that pretty much ruin the supposed great long progree Apr 7 #9

Thank you for that detailed information. PoindexterOglethorpe Apr 7 #11

If he can afford it, and won't need the money for a few years, absolutely. JohnSJ Apr 7 #2

Can he put it into a money market rather than a mutual fund within the 401K? Or a high yield savings within the 401K? Scrivener7 Apr 7 #3

As long as the Felon is in office I believe there will be Tadpole Raisin Apr 7 #4

Free finacial advice based on very little information is worth every penny paid for it. marble falls Apr 7 #5

I do not think DU is the best place to seek investing advice. Big Blue Marble Apr 7 #6

Yes and you should accelerate and put this year's quota today kansasobama Apr 7 #7

The factors I would consider are - health history, is the money likely for your heirs, walkingman Apr 7 #8

I've never heard of a 401k where one is forced to buy stocks and stock funds. They all offer fixed income choices as progree Apr 7 #10

And then there are pensions. PoindexterOglethorpe Apr 7 #12