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Old 12-09-2008, 11:49 AM
 
45 posts, read 115,951 times
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thats because i did not invest in any stock...its strictly retirement..and i also have profit sharing
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Old 12-09-2008, 11:54 AM
 
45 posts, read 115,951 times
Reputation: 29
thanks guys for the advice...believe me we are not just going to move to maine without a plan...i'll be fully vested in about a year so Im still deciding.....ive also checked on craiglist for some housing.....i am being very careful....i spoke with my fiance and we decided to visit you guys when the weathers a little warm....so we will definitely keep you posted...as far as the population in atlanta...i wont miss it....its too crowded. I do have a great job but I still want a change...and to have peace of mind....I will give it up.
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Old 12-09-2008, 12:10 PM
 
3,061 posts, read 7,855,699 times
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You should really visit in the middle of the winter. That is the very best way to know if you will like the weather or not. Maine summers are nothing at all like Maine winters.
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Old 12-09-2008, 12:20 PM
 
8,767 posts, read 17,393,519 times
Reputation: 3510
Quote:
Originally Posted by AlisonL View Post
You should really visit in the middle of the winter. That is the very best way to know if you will like the weather or not. Maine summers are nothing at all like Maine winters.
I agree whole heartedly with this post. Summer weather in Maine is the finest anywhere.....winter?? Not so much. That's why 60%-70% of the homes along the coast and islands are empty all winter!
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Old 12-09-2008, 02:34 PM
 
Location: Maine's garden spot
3,386 posts, read 6,496,214 times
Reputation: 3805
Quote:
Originally Posted by Fort Lauderdale mermaid View Post
James417 claims he has a HUGE 401? LOLOLOL, That's hysterical!

I don't think he's seen the news lately!

James, please call your broker or your administrator..... and write yourself a script too. You're going to need it!

Take 2 and call me in the morning.

If his retirement is like mine... it's now a 201k... rapidly becoming a 101.

Last edited by AustinB; 12-09-2008 at 02:34 PM.. Reason: spelling is really bad today and grammar is worse
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Old 12-09-2008, 07:03 PM
 
Location: 43.55N 69.58W
3,231 posts, read 7,003,598 times
Reputation: 2983
Quote:
Originally Posted by james417 View Post
thats because i did not invest in any stock...its strictly retirement..and i also have profit sharing
THIS DOES NOT EVEN MAKE ANY SENSE!

Quote:
Originally Posted by AustinB View Post
If his retirement is like mine... it's now a 201k... rapidly becoming a 101.
Exactly! Good gawd, does he think we're all idiots?
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Old 12-09-2008, 07:07 PM
 
8,767 posts, read 17,393,519 times
Reputation: 3510
Quote:
Originally Posted by Fort Lauderdale mermaid View Post
THIS DOES NOT EVEN MAKE ANY SENSE!



Exactly! Good gawd, does he think we're all idiots?
Some 401k's allow you to invest in non volatile muncipal bonds and other safe low risk investments. These have been OK for the most part. The aggressive investments have been hit hard.
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Old 12-09-2008, 07:10 PM
 
Location: In a van, down by the river.... LOL
21,347 posts, read 7,948,611 times
Reputation: 33323
The federal pension system (if you're civilian - and so I'm stretching and thinking if he works for a state it may be the same thing) is set up so you get a percentage of profit sharing... in other words, if you earn 50k, they give you 3% of that amount after 3 years of being with them which would be a $1500 free bonus into your retirement account... in his case as in civilian federal government systems, that would be your 401,..... the pension % upon retirement is set upon when you came onboard and what the law was at that time within the federal program. For instance again... it's generally from the past been 75% of your top 3 earning years if you're a military officer, now down to about 50% when my exDH retired, and now somewhat less than that... in the 35-45% of your highest 3 years of earnings.

If he's referring to that kind of system, then I get it. If he's not, I have no clue what he's talking about for a retirement program.
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Old 12-09-2008, 07:11 PM
 
Location: In a van, down by the river.... LOL
21,347 posts, read 7,948,611 times
Reputation: 33323
But I also don't have a clue how his 401 wasn't tied to the stock market. It would only have been protected if it had been moved into cd's or bonds.
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Old 12-09-2008, 07:12 PM
 
Location: In a van, down by the river.... LOL
21,347 posts, read 7,948,611 times
Reputation: 33323
There ya go Maineah, that's what I was going for in the above post. lol
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