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In reply to the discussion: How's your 401k doing? [View all]

RSherman

(576 posts)
63. My friends were complaining about their 401s two years ago under Biden
Sat Mar 23, 2024, 09:35 AM
Mar 2024

This is the same time when the Trumpers were putting those "Biden did this" stickers on the gas pumps.

Well, my 401 has rallied and is doing great. This same friend told me she paid $2.87 for gas a few months ago.

And not one comment did she have to make about her hypocrisy. Blame Biden when things are bad and no credit when things are good. (and yes, I understand the argument that presidents inherit their economies and don't really have a lot of control over gas prices. Still....)

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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
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