ZWICK 4 PREZ;1298877 wrote:The math is very simple.. There were people who were ready to retire that lost 100,000-300,000 on their 401k who no longer could afford to retire and are still working today. Trending upwards means very little when the market crashes and you lose at a much larger/faster rate.

Belly35;1298914 wrote:I'm 63 and because of the Obama failure I and many like me will have to take our retirement at 65 but continue to work for additional 10 years to make up for loses. I never planned or truely retiring I will alway work at something just not as hard.
What once was successful buinesses able to be sold with a profitable income to me is now not hold the same value they once had four years ago.
I have to rebuild what I built that Obama didn't build

jmog;1298935 wrote:Everyone who has ever talked to a financial advisor knows that within 5-8 years of retirement you get out of the growth markets and get to safer investments (bonds, t bills, money markets, gold, etc). If they were ready to retire and got hit hard then they messed up pretty bad. Come on Z4P I know you have sat in on at least one company wide 401k talk that goes over this.

ZWICK 4 PREZ;1298959 wrote:It depends on what you have as an option. If your choices were stocks or bonds.. you still lost money if you moved your money into supposedly non-volatile bonds.

ZWICK 4 PREZ;1298959 wrote:It depends on what you have as an option. If your choices were stocks or bonds.. you still lost money if you moved your money into supposedly non-volatile bonds.

ZWICK 4 PREZ;1298959 wrote:It depends on what you have as an option. If your choices were stocks or bonds.. you still lost money if you moved your money into supposedly non-volatile bonds.

jmog;1298969 wrote:Oh come on, every 401k for every company I've worked for had many more "safe" options than just bonds.

I've seen bonds, t-bills, money markets, etc.

jmog;1298969 wrote:Oh come on, every 401k for every company I've worked for had many more "safe" options than just bonds.

I've seen bonds, t-bills, money markets, etc.

ZWICK 4 PREZ;1298993 wrote:We don't. And we have 30,000 employees.

Con_Alma;1298988 wrote:If anyone ever says that bonds are "non-volatile" then they don't know what they are talking about. I hope that wasn't advice that was actually given.

There's even risk associated in money market funds if you look at the underlying assets. There's certainly risk involved in Gold which was in the post you copied.

fan_from_texas;1298995 wrote:Really? That seems crazy to me. How can a company of that size not provide targeted retirement date options? That's unfathomable.

gut;1298996 wrote:The game has completely changed. EVERY portfolio, growth or conservative, should now have some mix of equity and fixed income. And even that is far too general with the different types of asset classes and quality within both.

With rates where they are, it's almost a fools game to be in some of the more conservative bond funds (nothing but downside). The funds doing well, and PIMCO has a few, are poised to crash spectacularly when rates start to rise. The bond funds doing well are doing so mostly with leverage, shorting and/or option. The PIMCO fund I'm in, and I forget the name, when you analyze it is essentially a fixed income hedge fund. I don't how in hell they got into my 401k as an option.

fan_from_texas;1298995 wrote:Really? That seems crazy to me. How can a company of that size not provide targeted retirement date options? That's unfathomable.

Con_Alma;1299010 wrote:I personally hate those but they have gotten very popular because of the mindest of "it will be managed in a continuing reduced risk manner as time goes on so I'll be O.K.".

fan_from_texas;1299017 wrote:I hate 'em, too, but it seems better than leaving it up to individuals, most of whom don't pay any attention whatsoever.

ZWICK 4 PREZ;1298993 wrote:We don't. And we have 30,000 employees.

fan_from_texas;1298995 wrote:Really? That seems crazy to me. How can a company of that size not provide targeted retirement date options? That's unfathomable.

Con_Alma;1299026 wrote:zwick...whats the company?

Was it Timken???

I thought they had the JP Morgan Stable Value fund in their plan.

Manhattan Buckeye;1299024 wrote:I've never seen a SEP or 401(k) program without a t-bill fund. Perhaps you don't recognize it by its name?

ZWICK 4 PREZ;1299065 wrote:See post #111.

But no they don't.. they have Vanguard target retirement date.

fan_from_texas;1299017 wrote:I hate 'em, too, but it seems better than leaving it up to individuals, most of whom don't pay any attention whatsoever.

fan_from_texas;1298995 wrote:Really? That seems crazy to me. How can a company of that size not provide targeted retirement date options? That's unfathomable.