Thread: Money How is your 401k going?
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Old 10-08-2008, 01:24 AM   #64
DaneMcCloud DaneMcCloud is offline
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Join Date: Sep 2000
Location: Hollywood, CA
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Quote:
Originally Posted by Silock View Post
Yeah, luckily, I'm not going to be in need of a 401k for a very long time, if armageddon doesn't come before I'm of retirement age

I am certainly thankful that I have that luxury where many do not.

I don't doubt the 8,000 at all. I've been trying to tell my father that it's going down to 8,000 at least. I'm not convinced it will go much lower.
I moved a ton of money into tax-free money market accounts and actually made money this past month. It's a very, very conservative move but maybe something your father should consider.
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