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Old 11-20-2008, 03:34 PM   #41
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I'm still maxing out my 401(k) and plan to max out our IRAs this year as well.

Only change I made is that I switched all new contributions to 100% equities to help keep our desired asset allocation in line. The Target Fund that makes up the core of our retirement portfolio thankfully has done the lion's share of the rebalancing automatically; I don't think I would have had the guts to keep up the rebalancing on my own over the past few months. But I'm OK with throwing my bi-weekly 401(k) contributions into the big money pit that is the stock market these days.

Just saw that the S&P 500 is right about back where it was when I graduated college and started working ... sort of like time travel (except with a wife and a kid and a mortgage and ...)
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Old 11-20-2008, 06:50 PM   #42
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A 1.5 months ago I reduced my 401K (TSP) from 18% to 5%. I decided to do the Dave Ramsey thing and pay off as many of my debts as I could. The 5% covers my employer match. I couldn't not contribute and it hurt me to cut back.

But, I've been making headway paying off my stupid consumer debt (mostly cars) and this seasons heating oil hose job.

I'd love to ramp back up to 18%, but don't see that happening soon. Yearly raise in JAN should help my 5% be worth more.
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Old 11-20-2008, 07:16 PM   #43
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Is that your shadowbox? Nice.

It's occurred to me that over the last six months I've raised my 401k contribution from 6% to 11%, and over the last year the stock indexes have come down close to half. The good news is I'm now buying almost 4 times as many shares on payday as I was a year ago, talk about ramping up accumulation!
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Old 11-21-2008, 01:16 PM   #44
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Thanks, they did a nice job on my shadowbox when I retired. I like it, just need a place to hang it up since I repainted my living room.

Maybe I'll go back to upping my contribution by %1 each JAN when I get my raise/COLA. Still waiting to see how much of my own money I'll need to spend on my daughters therapy. Well, realistically spend. In actuality, it appears I can spend upwards of 125% of my yearly salary, but thats just not possible.
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Old 11-23-2008, 04:53 PM   #45
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Still contributing and occasionally making the mistake of looking the balance. It is like driving by a car wreck---you know you don't want to see it, but look anyway.
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Old 12-02-2008, 02:24 PM   #46
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Thanks, they did a nice job on my shadowbox when I retired. I like it, just need a place to hang it up since I repainted my living room.

Maybe I'll go back to upping my contribution by %1 each JAN when I get my raise/COLA. Still waiting to see how much of my own money I'll need to spend on my daughters therapy. Well, realistically spend. In actuality, it appears I can spend upwards of 125% of my yearly salary, but thats just not possible.
I like the 1% rule,I have used it with success to get my younger clients to contribute more to their 401Ks and 403Bs..........
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Old 12-02-2008, 02:28 PM   #47
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I cranked up from 8% to 14% of my pay when the market really began to tank, figuring I wanted to load up on cheaper shares to ease the pain of seeing my existing balance go down the toilet.

Like others, though, I'm not plowing all of my cash flow into cheaper stocks now; I'm also stockpiling cash until my wife finds a job. We have a rather large emergency fund now, and will continue to do so as long as my paycheck is a single point of failure. When she finds a job, assuming I still have mine we plan to stimulate the economy with a few things and home projects we've been pushing off for the last few months.
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Old 12-08-2008, 01:10 AM   #48
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Max out in 08.
Will max out again in 09.
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Old 12-08-2008, 03:57 AM   #49
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Maxed it out. all of it is going into a stock mutual fund.
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Old 12-08-2008, 10:39 AM   #50
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Just upped the withholding percentage a couple percent to max it out for 2009. Will also max out 2008 contribs by year-end.
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Old 12-08-2008, 04:12 PM   #51
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still contributing at the max in the same fund pcts as before the crash.
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Old 12-09-2008, 01:09 AM   #52
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Almost maxed it out this year. Will max it out in 2009 for sure.

My thinking, like others, is that I've already paid so much for some of the stocks I bought earlier, there is no reason not to buy it at bargain prices now.

Of course I am probably 20 years away from retirement (the # of years seem to get longer as we go). The worst that could happen due to my imprudence now is having to work a couple more years beyond our estimated time. I think it's a risk worth taking.
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Old 12-09-2008, 07:11 AM   #53
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Maxed out my TSP (=401K) in 2008, along with over-50 catchup, as I mentioned earlier in the thread.

Just arranged to max out my TSP (along with over-50 catchup) in 2009 by early November, when I plan to ER.

Oof!!! Dividing $22,000 (instead of $20,500) by 23 (instead of 26) pay periods sure means my take-home pay is going to take a hit. It feels a little unsettling to know that my present take-home pay is the most I will ever earn in my life.

On the other hand, given the choice, I know I'd prefer to retire into the face of a recession as planned rather than to continue working indefinitely.
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Old 12-09-2008, 08:24 AM   #54
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On the other hand, given the choice, I know I'd prefer to retire into the face of a recession as planned rather than to continue working indefinitely.
Kinda like " a bad day of fishing beats a good day at the office" ?
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Old 12-09-2008, 10:43 AM   #55
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Kinda like " a bad day of fishing beats a good day at the office" ?
Absolutely!!
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Old 12-15-2008, 01:40 PM   #56
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I think i will max it out this year, since my Jan 1st check is going out a day early.

Next year, not looking to good.
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Old 12-23-2008, 04:24 PM   #57
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Contributed to the max in the 401K and company subsidized stock purchase plan.
Will only do this one more year going into retirement in the second quarter of 10.
I need to get the portfolio back up another 15-20% to have a good cushion.
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Old 12-27-2008, 09:45 AM   #58
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I put in close to $22k myself this year (max pre, some after). Employer matched another $4k.
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Old 01-14-2009, 01:12 PM   #59
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Just wondering, with the current bloodbath, for those who are still in the accumulation phase and have been contributing to their 401K. Have you make scale back the amount or even stop your contribution?

I have another 23 yrs until 59 1/2, so I'm still maxing out. Just wondering what others are doing...
max pre-tax in a traditional 401k, plus 7% after-tax dollars, plus $10k/yr in I-Bonds.... It feels like I'm just giving away the money to the stock market right now. Ah well.
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