Comments on: Why you should keep your money in your 401k plan

By: Don't Cash Out Your 401k | Working For Financial Freedom

Don't Cash Out Your 401k | Working For Financial Freedom — Wed, 21 May 2008 10:11:44 +0000

[...] my future contributions to go to different funds. After getting some feedback both in comments and reading some really great advice on the net I changed nothing. I left the 401k alone and we continued to contribute 4% of my [...]

By: EARLY WITHDRAWL RULES FOR 401K - Dogpile Web Search

EARLY WITHDRAWL RULES FOR 401K - Dogpile Web Search — Tue, 13 May 2008 13:57:24 +0000

[...] Answers to Your Questions. Sponsored by: 401K.Capital.com/ • Found on Ads by Google Why you should keep your money in your 401k plan Considering pulling out your 401k plan money? Think again. Learn why this is … early withdrawal [...]

By: How much money do I need » Blog Archive » Why you should keep your money in your 401k plan

Thu, 20 Mar 2008 17:05:44 +0000

[...] Madison wrote an interesting post today onHere’s a quick excerptPretty much every time they come over, Mike either asks me questions about his 401k or brings over some 401k paper work he needs some help with. Mike is a really hard worker who builds patios and decks for a national outdoor room … [...]

By: Retirement - Smart Spending

Retirement - Smart Spending — Wed, 27 Feb 2008 17:02:54 +0000

[...] personal-finance blogger, glblguy, for advice. “My immediate reply was ‘No!’ and I explained to him why this was such a bad idea,” glblguy writes at Gather Little by [...]

By: Rick B

Rick B — Fri, 08 Feb 2008 07:05:08 +0000

I’ve just skimmed over a few of the comments here, and I love to see that everyones 401k admin or plan advisors are educating the same dismal way. Here are a few of the comments I can add to your discussions.

-> If you roll money out of your 401k plan you will loss the employer contributions because of the companies vesting schedule. Usually a 5 year cliff, but it varies from company to company

-> Going from cash (money market) to stock funds can be useful in times of great uncertainty, BUT check out market timing can be risky on my website, or google it, and you will see trying to time the market is the worst thing you can do to your investments.

-> Ill check back in a few for comments.

By: January 2008 In Review | Working For Financial Freedom

January 2008 In Review | Working For Financial Freedom — Sat, 02 Feb 2008 10:03:49 +0000

[...] Glblguy answered my question with Why You Should Keep Your Money in Your 401k Plan [...]

By: I’m On Hold with Sprint Roundup | My Dollar Plan

I’m On Hold with Sprint Roundup | My Dollar Plan — Tue, 22 Jan 2008 15:02:02 +0000

[...] Why you should keep your money in your 401k plan @ Gather Little By Little [...]

By: carnival of money stories: bedtime story edition : plonkee money

carnival of money stories: bedtime story edition : plonkee money — Tue, 22 Jan 2008 12:05:12 +0000

[...] Why you should keep your money in your 401k plan | Gather Little by Little [...]

By: Kevin @ Change Your Tree

Kevin @ Change Your Tree — Sun, 20 Jan 2008 21:53:17 +0000

Taking it out–no.

But rolling it over to an IRA is a good idea.

By: pfblogsround 20th January 2008 : plonkee money

pfblogsround 20th January 2008 : plonkee money — Sun, 20 Jan 2008 17:24:19 +0000

[...] why you should keep your money in your 401(k) plan @ gather little by little – essentially it’s because you’d be a fool not to. Enough said. [...]