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Post by overthecap on Jan 6, 2016 20:48:55 GMT -5
Mindboggling!
No discussion ?
Do you realize that you can move your money, for free, once a day at the click of a button?
403b Deferred Comp.
Take a look.
More important than contracts and overtime, IMO.
Your future.
GL
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Post by overthecap on Jan 7, 2016 16:22:59 GMT -5
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Post by opie on Jan 7, 2016 21:47:25 GMT -5
Its actually a positive for your deferred comp because you're purchasing shares at a lower price.
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Post by luvinretrmnt on Jan 8, 2016 8:09:22 GMT -5
Its actually a positive for your deferred comp because you're purchasing shares at a lower price. yes for buying, but what ever you already have is dropping like a rock..I believe the teachers union have in there contract a floor for their retirement fund ( 95% sure they do, but anyone that knows a teacher can ask) so no matter how bad the stock market is they are guaranteed a minimum percentage of growth each year...most of us should have put the bulk of their 457 into the fixed rate account for the rocky market times...and keep all NEW contributions buying new shares...
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Post by opie on Jan 8, 2016 8:40:17 GMT -5
.most of us should have put the bulk of their 457 into the fixed rate account for the rocky market times...and keep all NEW contributions buying new shares... Absolutely! Especially those who are at the tail end of their careers and retired! But people with more than 10 years to retirement they need to understand the market has ups and downs in usually 7-8 year cycles. We a currently at the end of the inflated BOOM market. Their 457 will drop but they will be purchasing shares at a lesser rate which will compound when the market turns the other way around in years to come. Again, nothing is certain. Its basically Las Vegas....its a crap shoot!
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Post by overthecap on Jan 8, 2016 8:42:05 GMT -5
Its actually a positive for your deferred comp because you're purchasing shares at a lower price. yes for buying, but what ever you already have is dropping like a rock..I believe the teachers union have in there contract a floor for their retirement fund ( 95% sure they do, but anyone that knows a teacher can ask) so no matter how bad the stock market is they are guaranteed a minimum percentage of growth each year...most of us should have put the bulk of their 457 into the fixed rate account for the rocky market times...and keep all NEW contributions buying new shares... All of you that are active or retired should register if you haven't. ssologin.prudential.com/app/retirement/Login.fcc?TYPE=33554433&REALMOID=06-000311eb-1184-1e9e-8453-669230a0f044&GUID=&SMAUTHREASON=0&METHOD=GET&SMAGENTNAME=retirement&TARGET=-SM-https%3a%2f%2fwww%2eretirement%2eprudential%2ecom%2fTRSWeb%2fTRSLoginYou can log in and and check you daily balance, move money once a day from cash to stocks or bonds or visa-versa, and increase or decrease your bi- weekly contribution. When the market is bottoming, a good investment tactic might be to take more money out of paycheck bi-weekly and buy equities cheaper. You could additionally take from the fixed cash and transfer to mutual funds while they are low. Create the online account and play with it. It's a necessary tool needed to manage your account and protect your investment. GL
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Post by luvinretrmnt on Jan 8, 2016 9:54:46 GMT -5
biggest thing most need to also realize, are all the money going in is pretax..so whatever your tax rate is ..thats what your making right off the bat.....regardless of what the market is doing...
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Post by opie on Jan 8, 2016 12:37:48 GMT -5
yes for buying, but what ever you already have is dropping like a rock..I believe the teachers union have in there contract a floor for their retirement fund ( 95% sure they do, but anyone that knows a teacher can ask) so no matter how bad the stock market is they are guaranteed a minimum percentage of growth each year...most of us should have put the bulk of their 457 into the fixed rate account for the rocky market times...and keep all NEW contributions buying new shares... All of you that are active or retired should register if you haven't. ssologin.prudential.com/app/retirement/Login.fcc?TYPE=33554433&REALMOID=06-000311eb-1184-1e9e-8453-669230a0f044&GUID=&SMAUTHREASON=0&METHOD=GET&SMAGENTNAME=retirement&TARGET=-SM-https%3a%2f%2fwww%2eretirement%2eprudential%2ecom%2fTRSWeb%2fTRSLoginYou can log in and and check you daily balance, move money once a day from cash to stocks or bonds or visa-versa, and increase or decrease your bi- weekly contribution. When the market is bottoming, a good investment tactic might be to take more money out of paycheck bi-weekly and buy equities cheaper. You could additionally take from the fixed cash and transfer to mutual funds while they are low. Create the online account and play with it. It's a necessary tool needed to manage your account and protect your investment. GL I'm amazed how many cops don't contribute or contribute little or nothing to the 457.
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Post by redstone14 on Jan 8, 2016 14:33:57 GMT -5
I'm amazed how many cops don't contribute or contribute little or nothing to the 457. The 457 was one of the best deals we ever got. Everyone should be in it.
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