Investing, Stock Market and Retirement Planning Thread

[mikey]

I mean, there's just absolutely no chance that can happen. Not with whoever is president right now in charge certainly...it'd be like Colorado beating Baylor on Saturday...absolutely out of the question.

[mac5155]

Half point rate cut seems to be the kiss of death lol

[Troy Loney]

https://www.cnbc.com/2024/09/18/stock-m ... dates.html

Crash delayed till tomorrow

[mac5155]

Horray

[NTP66]

Today is a great day to check your investment balances... unless you're invested in $DJT.

[willeyeam]

mine are down today, thank you

[NTP66]

Dafuq kind of turds did you invest in?

[willeyeam]

i mean the dow and s&p are both down today lol

[mikey]

Yeah, $SPY is working its way down...might get down a whole percent at this rate. Gonna have to hurry before things dry up at 3 pm.

[mac5155]

Today is a great day to check your investment balances... unless you're invested in $DJT.

Or $FDX

[mac5155]

I just received my annual pension funding notice. I no longer participate in the pension plan but have a capped account that's fully vested (a few years back they allowed you to 'trade' the 3.5% pension contribution in for 5.5% 401k match, and I took advantage of that instead). I am seeing the funding target attainment is, for the first time since I can remember, under 100% (83%). Does this mean the company is slowly not holding up their end of the bargain?

[NTP66]

I just received my annual pension funding notice. I no longer participate in the pension plan but have a capped account that's fully vested (a few years back they allowed you to 'trade' the 3.5% pension contribution in for 5.5% 401k match, and I took advantage of that instead). I am seeing the funding target attainment is, for the first time since I can remember, under 100% (83%). Does this mean the company is slowly not holding up their end of the bargain?

Could be a number of things, and honestly, I wouldn't worry unless it becomes an annual trend (in the wrong direction). 83% is still higher than other places I've seen.

[mac5155]

Thanks. My thought s few years ago was I could manage the money better than the pension plan. Seeing as it had about a 7.5% ROR YOY and my 401k had about 23% in that same time frame, I was correct. But I wasn't sure if I should explore moving that money into a different retirement account or leave it there given the health of the pension plan.

[MrKennethTKangaroo]

I wouldn’t worry about the funding of the pension plan

[NTP66]

Thanks. My thought s few years ago was I could manage the money better than the pension plan. Seeing as it had about a 7.5% ROR YOY and my 401k had about 23% in that same time frame, I was correct. But I wasn't sure if I should explore moving that money into a different retirement account or leave it there given the health of the pension plan.

I did the same thing at my last job when I was offered the option. Taking it out of their hands is always going to be my play.

[Beveridge]

I just received my annual pension funding notice. I no longer participate in the pension plan but have a capped account that's fully vested (a few years back they allowed you to 'trade' the 3.5% pension contribution in for 5.5% 401k match, and I took advantage of that instead). I am seeing the funding target attainment is, for the first time since I can remember, under 100% (83%). Does this mean the company is slowly not holding up their end of the bargain?

If anything, it means they aren't contributing enough or the market brought it down based on what is expected to be paid out over time. Those pension plans require an annual actuary report, and those reports tend to set how much needs placed in during the next year. As the market goes so the percent funded. 83% isn't that bad. That's a high level view of it.

And I would always do your own vs their plan. I'm still waiting for the government to offer that up for social security and medicare....

[NTP66]

Couldn't a high number of high income earners retiring in the same year cause at least part of this?

[mac5155]

Good point. We've had like 5-6 C suite execs retire recently.

I wasn't worried. I just happened to stumble upon it and thought hmm.

[NTP66]

@DigitalGypsy66: Nobody latches onto rate changes faster than Marcus. New rate dropped from 4.40% APY to 4.25%.

[Beveridge]

@DigitalGypsy66: Nobody latches onto rate changes faster than Marcus. New rate dropped from 4.40% APY to 4.25%.

I got a couple CDs with them over 5% that I locked in earlier this year, but I don't know if I'm going to keep anything with them once they mature. Might keep $10 in the account to keep it open, but that might be it.

[DigitalGypsy66]

Yeah, I've liked Everbank's HYS account. Hasn't changed from the 5.15% or whatever it is, plus it's affiliated with my TIAA retirement stuff (sort of, they are now separate apps/companies now). I may look into CDs over at Marcus for the time being.

[NTP66]

Yeah, we have 2-3 CDs with them over 5%, as well. I may give it a few months to see where rates land with everyone.

[King Colby]

Everbank has been great. It’s still at 5.05% and I’m a moron for not putting my savings in a HYSA far sooner.

[dodint]

My money market mutual fund has dropped to 4.75%.

[skullman80]

Just checked my HYSA still at 4.5%. I'm sure it will drop soon enough. Can look around then, but anything is better than the like .0001% you get from most banks.