Comments on: Don’t Check Your Retirement Account Balance

By: Jason Parks

Jason Parks — Sat, 04 Oct 2008 06:58:54 +0000

Wow, great advise. CNBC, CNN, MSN etc…want us to believe that we are going to be in the next great depression and all of our 401k’s will be worthless. Here’s the deal. if you look back at the last 70 years of the stock market we have had some really bad times. However, you’ll notice that it always ends up higher than where it started. If you have five years or more before you retire, ther is not much need to check your balance except once a quarter for rebalancing. In Fact if you have that much time, increase your contributions, times like this are a god send. For information about 401k’s and rollovers visit 401krolloverdesign.com

By: retirehappy

retirehappy — Tue, 23 Sep 2008 13:46:01 +0000

All it does his hurt your psyche and maybe pushes you to do something crazy. Think about the stock market last week… after the entire week, the major indicies were nearly unchanged.

By: Rhea

Rhea — Wed, 17 Sep 2008 15:03:42 +0000

I totally agree. What is the point of looking, unless you are like my boss, who is about to retire and lost 25 percent of his value. Ugh.