Comments on: Leave your Retirement Accounts Alone!

By: My Journey to Millions Reallocates his 401(k) After Analyzing his Portfolio | My Journey to Millions

Sat, 14 May 2011 01:09:01 +0000

[...] Free X-Ray Tool using my own 401(k).Â I believe that most people should leave their retirement accounts alone, both in terms of invading it and asset allocation within the account.Â I personally take a very [...]

By: Evan

Evan — Sun, 09 Jan 2011 00:22:24 +0000

Its amazing that people don’t know the math behind their 401(k)s. Send your friend over to my site lol

By: Ryan Hamaker

Ryan Hamaker — Sat, 08 Jan 2011 05:00:25 +0000

I had a friend that liquidated 30K from his 401K to put in a pool. I showed him how much earnings he had lost over the span of 30 years which is around the time he will try to retire. I thought he was going to throw up when we came up with the number!

By: Do Not Raid your Retirement Accountst to Fund Lifestyle | My Journey to Millions

Mon, 02 Aug 2010 18:40:32 +0000

[...] I am going to re-post some REALLY old posts. Today is the re-post of my first post ever picked up by a main stream media site. I have added some new links were [...]

By: Retirement

Retirement — Thu, 13 May 2010 15:44:28 +0000

I agree. DO NOT take from your retirement UNLESS it is a true emergency as stated in the post. I am a retired banker (investments, IRA’s, mutual funds, annuities,etc.)
and I have seen clients withdraw from their 401K to purchase items. I.E: boats, cars. You know, the toys they see that everyone else has. I have tried numerous times showing how detrimental this is going to be for them.
Stupid is as stupid does (Forrest Gump)

By: Retirement

Retirement — Fri, 09 Apr 2010 15:15:39 +0000

Never, ever withdraw from your retirement accounts. As a retired banker in the financial arena guiding many clients to a happy retirement, pay yourself 1st as you would a monthly bill, not take it out! There are of course exceptions. Those exceptions are very rare in today’s society. Many individuals are opting to trade their BMW’s and the like for a paid up mortgage or even downsize if necessay, not the other way around. The saying; “Youth is wasted on the young” really was wise. The youth of today want things too fast and not have to work and wait for what they can afford. Just see all the ‘short sale’ real estate deals out there. Don’t get me started.
Keep your retirement plan. If you don’t have one, start one today.

By: Leave Your Retirement Accounts Alone (AGAIN!) | My Journey to Millions

Leave Your Retirement Accounts Alone (AGAIN!) | My Journey to Millions — Thu, 07 May 2009 13:09:06 +0000

[...] this topic.Powered by WP Greet BoxAll the way back in September of 2008 I wrote a post titled, â€œLeave your Retirement Accounts Alone.â€ The Post was even mentioned in the Carnival of Personal Finance and I think either WSJ or [...]

By: A Likely and Logical Result - Can be Avoided using the My Journey Budget | My Journey to Millions

Fri, 17 Oct 2008 05:09:53 +0000

[...] increased delequences. Â However, this ignores the underlying problem, previously noted in “Leave your Retirement Accounts Alone” – we need to fix the underlying problem – STOP SPENDING MORE THAN YOU MAKE. Â If you make [...]

By: Welcome MSN moneyblog Readers Leave Retirement Accounts Alone | My Journey to Millions

Thu, 02 Oct 2008 03:08:13 +0000

[...] Datko from MSN Smart Spending MoneyBlog featured my article, “Leave your Retirement Accounts Alone!” here. [...]

By: Carnival of Personal Finance | My Journey to Millions

Carnival of Personal Finance | My Journey to Millions — Thu, 02 Oct 2008 01:41:52 +0000

[...] article, “Leave your Retirement Account Alone” was chosen for theÂ Carnival of Personal Finance #172hosted byÂ Debt Kid. Â A great [...]