Reply to how much are you losing, per quarter, on your 401K?

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[quote=Anonymous][quote=Anonymous]I'm the PP you copied earlier, OP -- Agree with those who say there *are* crappy 401(k)s. All the more reason to see a qualified financial advisor -- he/she can evaluate your options and suggest either a better mix of funds or a way to still take advantage of your 401(k) -- don't scoff at a 4% match, that's 4% FREE MONEY -- without having to use its crappy fund choices.

[/quote]

Thanks again to you and to the other posters. Unfortunately, I cannot take my money out of the 401K without leaving my place of employment, unless I'm being foreclosed upon. There's no option to withdraw even with penalty except for the aforementioned hardship situation.

Also, it's not that I'm scoffing at a 4 percent match, which of course is less than it was but is better than nothing, but my point about the 4 percent is that, without that, I would be in the red, overall. With it, my investments have basically kept pace. The mix of funds is really limited in our 401K, which is part of the problem. I think what I am starting to consider doing is to simply invest 4 percent, which will at least get matched, and then invest the other portion of my salary that had been going into my 401K into another place, like a Roth or another option. If my company's match goes up, I'll consider tweaking. You're right that we need to see a planner again. [/quote]

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