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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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IRA Question
would you keep putting money into it everymonth- if you were losing money?
this isn't my 401K- but a roll over IRA I have at my bank- I swear I put the money in and it goes
I feel like I would be better off putting it in my ING account
I appericate everyones opinion on this! TIA
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Posted 7/7/08 9:36 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: IRA Question
what about diversifying the investments? Re-balance?
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| Posted 7/7/08 9:41 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: IRA Question
if it is a roll-over (meaning it was already pre-taxed money) you can not put it in an ING savings acct. You will get taxed and have to pay penalties on the money
I would look at how the money is being invested (what types of funds) and change your allocation
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| Posted 7/7/08 9:43 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: IRA Question
Posted by Lisa
if it is a roll-over (meaning it was already pre-taxed money) you can not put it in an ING savings acct. You will get taxed and have to pay penalties on the money
I would look at how the money is being invested (what types of funds) and change your allocation
no, I add money to it every month- I know I can't touch what's already in there
I am talking about not adding any more to it
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| Posted 7/7/08 9:45 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: IRA Question
Posted by Blu-ize
what about diversifying the investments? Re-balance?
I did that already about 6 months ago
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| Posted 7/7/08 9:45 AM |
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melbalalala
Little Lady
Member since 5/07 5014 total posts
Name:
Melissa
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Re: IRA Question
Yup, especially now. Now is a GREAT time to put $$ into stocks. You may feel like you are "losing money" but you aren't!! Things will bounce back!
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| Posted 7/7/08 9:53 AM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: IRA Question
Posted by Beth1210
Posted by Blu-ize
what about diversifying the investments? Re-balance?
I did that already about 6 months ago
I re-evaluate my investments and adjust my strategy as necessary at least every 6 months.
I would NOT stop putting money in. If it's really bad, I'd just put the money into the safest investment option -- there is almost always a money market account type choice. Do you have one of those?
Retirement accounts at this stage are a very long-term investment. I wouldn't stop taking money out due to short-term losses. I'd re-evaluate / re-distribute my contributions and keep contributing. I would NOT take money already there out of losing funds, though. That's akin to buying high and selling low. Leave what's already in there where it is so it has a chance to go back up, and change where incoming funds are going.
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| Posted 7/7/08 9:54 AM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: IRA Question
Posted by melbalalala
Yup, especially now. Now is a GREAT time to put $$ into stocks. You may feel like you are "losing money" but you aren't!! Things will bounce back!
Precisely.
It's a long-term investment, anyway. You have to be able to stomach short-term losses.
However, if you're just not risk-tolerant enough to ride out the losses, then put the money into a money market / safe option within your IRA plan. At least then you're still stashing the money into the IRA account.
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| Posted 7/7/08 9:55 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: IRA Question
ok, I am going to leave it- I only put $150 a month in
this is not my main account
and I am going to call the finanical planner again and have him re-look at it
thanks
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| Posted 7/7/08 9:58 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: IRA Question
Posted by Kara
Posted by melbalalala
Yup, especially now. Now is a GREAT time to put $$ into stocks. You may feel like you are "losing money" but you aren't!! Things will bounce back!
Precisely.
It's a long-term investment, anyway. You have to be able to stomach short-term losses.
However, if you're just not risk-tolerant enough to ride out the losses, then put the money into a money market / safe option within your IRA plan. At least then you're still stashing the money into the IRA account.
agree on all accounts. I move money all the time in my retirement accounts. You have to move it around to adjust for changing economic environments.
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| Posted 7/7/08 10:15 AM |
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Christine
2nd verse same as the 1st
Member since 5/05 15287 total posts
Name:
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Re: IRA Question
I actually just increased my contributions. I have 20+ years to retirement and I figure I am buying low right now.
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| Posted 7/7/08 10:15 AM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: IRA Question
Yes I would definitely keep contributing.
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| Posted 7/7/08 12:17 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: IRA Question
Posted by Christine
I actually just increased my contributions. I have 20+ years to retirement and I figure I am buying low right now.
exactly - if anything you are averaging right now. You'll be happy you have that money in there when the returns are 8+% again!
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| Posted 7/7/08 12:36 PM |
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