If you have a 401k, how much have you lost since Trumps presidency?

i have a 403(b) and I haven’t even looked, because I don’t want to know.

I moved all my 401(k) plans into annuities. I did it during Biden’s time in office. I lost about $100k before I could move it.

My portfolio have decreased about $200K recently. In 2020 it went down $600K.

This is a buying opportunity.

I have a 403b, IRA’s, and investments in index stocks and in individual stocks. I have lost no stocks.

My strategy is to stay the course and use dollar cost averaging. It has worked very well since I started investing 37 years ago.

@gondwanalon Definitely a buying opportunity.

As someone explained it to me long ago, when the price goes down, that’s not the time to sell it. That’s the time to buy it. It’s like buying the shares on sale. You don’t want to sell low and buy high. You want to buy low and sell high.

@seawulf575 Did you have to pay taxes when you moved your 401K to annuities?

@gondwanalon No. It rolled over just like I was rolling it over into another retirement fund. However, when I started getting payments from the annuities, that is taxable.

I’ve lost about 10%. I guess I’ll have to stick with my original plan of working until I get laid off.

I think $60K.

I have thought about buying, but it will probably slide more I think, so probably won’t do anything now. Part of our money is managed by one of those investment management firms, hopefully they know what they are doing. I am so glad we didn’t give them more, I wanted to give them less, but I went along with my husband on what he wanted to do. I kept about half of our money just earning interest, and that money is averaging 4%.

No, I don’t want to look.
I did what @seawulf575 did with a portion of my 401-k and got payments from annuities. I did have to pay taxes at the end of the year, but it wasn’t too bad.

I’m not planning to retire so it doesn’t matter.

My big funds are in annuities, I have a smaller amount in stocks, bonds, etc. Haven’t dipped into the annuities yet. What is the tax % when I draw some out? 10%? Or is it based on the amount withdrawn?

I moved it to money market accounts in early February so I have not lost anything. Hard not to see this coming, great opportunity.

Down 6%.

I don’t think I’d buy into stocks currently. I’d wait for some sign of return to sanity. This is just month 2 of Trump trying to do as much damage as quickly as possible.

As a government employee I don’t have a 401k, but I have a similar investment account in a 457. I haven’t looked and I really don’t care. I do dollar cost averaging so it’ll be fine. Overall the economy is pretty solid and I’m confident that we will recover from this.

But the convicted sexual assaulter is still an asshole and this is all so unnecessary.

I was thinking about all of our retirement money combined, not specifically a 401k. We’ve rolled all retirement into IRA’s at this point and one annuity type thing. I have money in my HSA also, but I just earn interest on it, I don’t risk it. Also, I was including money in the market that isn’t retirement, so maybe my number is more like $40k.

https://theonion.com/parents-gently-explain-to-child-that-their-money-in-heaven-now/

@RocketGuy My wife was like, “You’re not thinking about retiring are you?”

I sent all but $23 of my daughter’s 529 plan out to pay down her student loan just before the first Trump stock market dip. I left a bit in case there were any fluctuations during that day.

If his goal was to crash the US economy then it was necessary.