Author Topic: Dow Crash Coming To Your 401k  (Read 223025 times)

loco

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #25 on: April 02, 2018, 11:32:26 AM »
I have an annuity, and I pay for health dental and vision insurance. its just under $550 a month for 2

Good for you, but no pension?  I thought retired cops got a pension.

How do you get such cheap individual health insurance for two older adults?  Just curious.  I'm nowhere near retirement age, but I do like to think and read about these things now.

loco

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #26 on: April 02, 2018, 11:36:17 AM »
Don't say you weren't warned.

There will be another recession in the USA, in the near or somewhat distant, or very distant future.  The stock market will at first surfer, but will later recover.  Mark my words!

- El Profeta

8)

Be confident when others panic.  Be cautious when others are confident.

Dow Jones Industrial Average (1900 - Present Monthly)



                                      ^
                                       |___ Great Depression (1930s)

http://stockcharts.com/freecharts/historical/djia1900.html

Dos Equis

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Soul Crusher

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #28 on: April 02, 2018, 01:13:26 PM »
Tarrifs are so fng dumb!!! 


Neurotoxin

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #29 on: April 02, 2018, 02:53:02 PM »
Dow DOWN  - 458 points
Nasdaq DOWN - 193 points

Enjoy!


- NT

Dos Equis

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #30 on: April 02, 2018, 03:11:48 PM »
Dow DOWN  - 458 points
Nasdaq DOWN - 193 points

Enjoy!


- NT

Meh.  I'm waiting to hear what El Profeta has to say. 

Neurotoxin

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #31 on: April 04, 2018, 06:44:29 AM »

LittleJ

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #32 on: April 04, 2018, 07:24:12 AM »
Thanks Trump

Board_SHERIF

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #33 on: April 04, 2018, 07:48:46 AM »
Thanks Trump

yup jump of a bridge it is all over  ::) 
K

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #34 on: April 04, 2018, 08:14:32 AM »
Dow DOWN  - 458 points
Nasdaq DOWN - 193 points

Enjoy!


- NT

My property values are skyrocketing, the last thing I'm going to worry about is a market that went up almost 40% since an election and dropped a little still leaving us 6000+ since election day..lol

loco

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #35 on: April 04, 2018, 09:11:07 AM »
Tick tock....


-NT

The stock market will fluctuate.  Mark my words![1]


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Agnostic007

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #36 on: April 04, 2018, 04:04:23 PM »
Good for you, but no pension?  I thought retired cops got a pension.

How do you get such cheap individual health insurance for two older adults?  Just curious.  I'm nowhere near retirement age, but I do like to think and read about these things now.

Some may get pensions depending on how it is set up. Ours was set up and is similar, but technically an annuity that will pay out until I die. As far as health insurance, we may get a good rate because retired officers are still in the pool as the active officers and with the group rate it is probably cheaper. I looked after I posted and my health, vision and dental is closer to $600 a month. It comes out of my check before I see it.

loco

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #37 on: April 05, 2018, 04:06:52 AM »
Some may get pensions depending on how it is set up. Ours was set up and is similar, but technically an annuity that will pay out until I die. As far as health insurance, we may get a good rate because retired officers are still in the pool as the active officers and with the group rate it is probably cheaper. I looked after I posted and my health, vision and dental is closer to $600 a month. It comes out of my check before I see it.

Okay.  My original questions were

Congratulations!  Do you get a pension and government health insurance in your retirement?

So you do get some form of a pension and also government, group health insurance.  By "government" I mean your former employer.  I understand the provider itself is likely a private health insurance company.

The reason I asked is because people working in the private sector face more challenges than you when retiring early like you did.  They rarely, if ever, get a pension and they definitely don't qualify for any group health insurance.

Those are some of the pros and cons of working for city, county, state or federal government.  You may get paid less than you would working in the private sector, but you are more likely to get a pension and group health insurance rates from the time you retire early to the time you qualify for Medicare.

Good for you!

Agnostic007

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #38 on: April 05, 2018, 12:38:06 PM »
Okay.  My original questions were

So you do get some form of a pension and also government, group health insurance.  By "government" I mean your former employer.  I understand the provider itself is likely a private health insurance company.

The reason I asked is because people working in the private sector face more challenges than you when retiring early like you did.  They rarely, if ever, get a pension and they definitely don't qualify for any group health insurance.

Those are some of the pros and cons of working for city, county, state or federal government.  You may get paid less than you would working in the private sector, but you are more likely to get a pension and group health insurance rates from the time you retire early to the time you qualify for Medicare.

Good for you!

Absolutely there are trade offs. I started with this particular Department in Jan of 93. Within a few years the tech boom really hit and several of my academy classmates and co workers left to go work in the private realm. The money they were making was impressive compared to what I was pulling down. Fast forward 20 years and a handful of them did very well, but as you might guess, there were a lot that regretted leaving the  slow but steady path. I look at it as being a bit lucky. I am not a computer whiz, but I always loved working with people. I just landed in a job that allowed me to do what I really loved doing and it ended up being a financial bonus.   

Neurotoxin

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loco

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #40 on: April 06, 2018, 11:08:15 AM »


There will be another recession in the USA, in the near or somewhat distant, or very distant future.  The stock market will at first surfer, but will later recover.  Mark my words!

- El Profeta

Dos Equis

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #41 on: April 06, 2018, 11:34:25 AM »
 ;D

Neurotoxin

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #42 on: April 06, 2018, 01:26:17 PM »
Dow DOWN -572
Nasdaq DOWN - 161

-NT

Agnostic007

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #43 on: April 06, 2018, 05:06:39 PM »
Dow DOWN -572
Nasdaq DOWN - 161

-NT

buy

Neurotoxin

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #44 on: April 07, 2018, 04:19:04 AM »
buy

That word will haunt you.

Tick tock....


-NT

loco

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #45 on: April 07, 2018, 10:11:06 AM »
buy

Market timing?  Not a wise move.  How do you know it won't go down significantly more?

How about just buying weekly or biweekly into low cost, broad market index funds no matter what?  Doing this long term, seven to thirty years, you're very likely to come way ahead of anyone trying to time the stock market.  Set it, forget it, enjoy your retirement.

Good job!  You are doing "dollar cost averaging", as polychronopolous said above.  By doing this, you are buying fewer high/over priced shares when the stock market is high, and more low/under priced shares when the stock market is low.  That beats market timing every time, except for the extremely rare cases when experts gamblers get lucky.

Not to mention this method of set it and forget it gives you peace of mind even if the stock market drops 75%, unless it happens right around the time of your retirement.

Agnostic007

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #46 on: April 07, 2018, 10:44:02 AM »
Market timing?  Not a wise move.  How do you know it won't go down significantly more?


You don't but over some time I think you're pretty safe.

Dos Equis

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #47 on: April 09, 2018, 02:24:39 PM »
Dow DOWN -572
Nasdaq DOWN - 161

-NT

The Dow Jones Industrial Average DJIA, +0.19% which at its session high was up as much as 440 points, closed up 46.34 points, or 0.2%, at 23,979.10.

The S&P 500 SPX, +0.33% added 8.69 points to 2,613.16, a gain of 0.3%.

https://www.marketwatch.com/story/us-stocks-set-to-shake-off-last-weeks-plunge-on-hopes-over-trade-2018-04-09

Dos Equis

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #48 on: April 10, 2018, 02:26:13 PM »
Why is it Mons Venus never posts when the market climbs? 

Dow surges 429 points as China signals lower tariffs on US products
By Leia Klingel, Matthew Rocco
Published April 10, 2018
Stocks FOXBusiness

U.S. stocks surged Tuesday following a speech by Chinese President Xi Jinping in which he said he would open the country's economy and lower import tariffs on products, including cars.

The Dow Jones Industrial Average gained 428.90 points, or 1.79%, to 24,408. The S&P 500 jumped 43.71 points, or 1.61%, to 2,656.87. The Nasdaq advanced 143.96 points, or 2.07%, to 7,094.30.

. . . .

https://www.foxbusiness.com/markets/dow-surges-429-points-as-china-signals-lower-tariffs-on-us-products

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Re: Dow Crash Coming To Your 401k (2018)
« Reply #49 on: April 10, 2018, 09:16:44 PM »
Dow DOWN -572
Nasdaq DOWN - 161

-NT

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