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Reply to "Does it make sense to start contributing to 401K this year if I think the market is about to correct"
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[quote=Anonymous]Contribute. If you have a high HHI, you're going to need more money in retirement than your max contribution so you shouldn't waste any opportunity to make pre-tax contributions. Also, I assume your plan isn't to contribute the max in your first payment. You're going to spread it out over each paycheck, right? So even if the market goes down for part of the year, that means some of your payments will come at an excellent time: when the market is at a low. That and I think you're wrong about the market correction and I think we are both guessing almost at random. Finally, if you really are CERTAIN the market will collapse, still invest the money and just put it in very safe assets. Then at least you'll get it into your account and reduce your tax payment.[/quote]
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