General Discussion

MichMan

(17,150 posts)

32. Been retired almost 3 years.

Fri Mar 22, 2024, 08:52 AM

Mar 2024

Based on advice here, I should fire my advisor asap and move fully in higher risk stocks. Probably a good idea to dump all the bond funds and lower risk investments as I can't afford to fall so far behind inflation. I have a meeting with him Monday.

This YTD return is 13.5%, but last year was only 3.5%.

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How's your 401k doing? [View all] Pototan Mar 2024 OP

Mine has been pretty flat overall MichMan Mar 2024 #1

I keep mine in S&P 500 Broad Index. 16.1% YTD Lochloosa Mar 2024 #5

Me too. llmart Mar 2024 #21

YEP. Going gangbusters. 617Blue Mar 2024 #43

I've got mine in a dozen mutual funds managed in Schwab - up 90K in 2024 NewHendoLib Mar 2024 #11

mine is with Schwab also and it has been performing excellently yellowdogintexas Mar 2024 #59

I have a SEP IRA with T Roth - also doing very well. NewHendoLib Mar 2024 #61

"Mine has been pretty flat overall ... I have no idea if my portfolio is invested in any of them or not" W_HAMILTON Mar 2024 #24

Are you retired? less than 5 years to retirement? Happy Hoosier Mar 2024 #27

Been retired almost 3 years. MichMan Mar 2024 #32

That's pretty low performance.... buuut.... Happy Hoosier Mar 2024 #34

My spouse is still working, so between that and SS, I only withdraw 0.5% a year MichMan Mar 2024 #35

Well, when she retires, you can probably withdraw more aggressively. Happy Hoosier Mar 2024 #38

At the beginning of the Covid pandemic, when Trump held a press conference to close things down Walleye Mar 2024 #2

Just checked. YTD rate 16.1% Thanks Biden Lochloosa Mar 2024 #3

My IRA is doing great - thanks Biden!! walkingman Mar 2024 #4

Hey Pototan! Yes, my 401K is doing quite well lately. honest.abe Mar 2024 #6

Mine is doing well ClimateHawk Mar 2024 #7

Up huge since the Con left. Bonds still suck Johonny Mar 2024 #8

here's a 5 year chart for Dow and Nasdaq Hamlette Mar 2024 #9

+23% over the past three years Yavin4 Mar 2024 #10

Not all of us are wealthy enough to have a 401k Kaleva Mar 2024 #12

And, some of us don't even have that! (n/t) OldBaldy1701E Mar 2024 #19

There's lot of people that have 401(k) and aren't wealthy. W_HAMILTON Mar 2024 #25

My sister makes less than $30K yr. Still has a 401K Happy Hoosier Mar 2024 #33

I just took on a part time job Kaleva Mar 2024 #54

A majority of Americans don't have access to a 401k NanaCat Mar 2024 #51

I don't doubt that. Kaleva Mar 2024 #55

What's a 401K? progressoid Mar 2024 #13

I was losing money with Trump, now I'm doing great. Emile Mar 2024 #14

Most 401K plans did quite well during the Trump years. onenote Mar 2024 #70

up 17% :D TalenaGor Mar 2024 #15

Biden's leftist job killing socialism has been working out pretty well for the stock market IronLionZion Mar 2024 #16

401K - 15.3% 1 Year, 19.8% since Nov. 2023 Aviation Pro Mar 2024 #17

Election would be over Nasruddin Mar 2024 #18

I don't have a 401K because I didn't work for a big company. I invested in two firms that had index referenced Martin68 Mar 2024 #20

2022 was a rough year for the 60/40 portfolio but I've clawed my way back. Shermann Mar 2024 #22

2024 is a great year to rebalance IronLionZion Mar 2024 #26

I posted the same thing about the poor performance of bonds, only to be told I should fire my advisor MichMan Mar 2024 #36

Bonds are cheap now, it's a great time to buy bonds while interest rates are high IronLionZion Mar 2024 #39

I was advised upthread to fire my advisor because I was invested in bonds, and got disappointing returns MichMan Mar 2024 #42

Stocks are high, bonds are low. It's simply buy low and sell high IronLionZion Mar 2024 #44

Some financial gurus like Dave Ramsey recommend 100% equities at all times Shermann Mar 2024 #47

I left the stock market behind when it rallied after the Dobbs decision. sybylla Mar 2024 #23

It's not a matter of not giving a fuck. Happy Hoosier Mar 2024 #29

Up 20% year over year. Happy Hoosier Mar 2024 #28

+21% average over the past 3 years... SKKY Mar 2024 #30

At this very moment - it's the highest it's ever been. LeftinOH Mar 2024 #31

Kicking butt! bif Mar 2024 #37

No earthly clue DFW Mar 2024 #40

If you are over 59 1/2 you can withdraw without penalty but you have to pay tax. honest.abe Mar 2024 #41

There is also the Rule of 55 Shermann Mar 2024 #48

Highest ever Jimbo S Mar 2024 #45

Mine is doing great! I retired about seven months ago... Silent3 Mar 2024 #46

Same here Pototan Mar 2024 #49

And the majority of Americans reply NanaCat Mar 2024 #50

FALSE Shermann Mar 2024 #52

Correction on your correction: NanaCat Mar 2024 #57

Thanks for that clarification, super helpful. nt Shermann Mar 2024 #62

Disbelief codfisherman Mar 2024 #56

Love tulips NanaCat Mar 2024 #58

Piedmont of NC codfisherman Mar 2024 #60

Lucky! NanaCat Mar 2024 #68

Anyone can open an IRA and contribute to it MichMan Mar 2024 #64

More important to me gibraltar72 Mar 2024 #53

My friends were complaining about their 401s two years ago under Biden RSherman Mar 2024 #63

Message auto-removed Name removed Mar 2024 #65

. KS Toronado Mar 2024 #67

No 401K, IRA plus various money market funds (Vanguard): +15.6% over 1 year, +4.1% over 3 years petronius Mar 2024 #66

I'm also 71, but my memory differs from yours. onenote Mar 2024 #69

The only 2 presidents to leave office with fewer... Pototan Mar 2024 #73

1-year rate of return is +15% nt Shermann Mar 2024 #71

At my age, most of my retirement is in safe mode. yardwork Mar 2024 #72