Cap City Build & BS AF

That’s exactly the problem we have. And to make matters worse, the management above me lets them get away with it so it encourages everyone else to do the same.

 

Im assuming that's what that pics from?

 

Ugh yes. Hate it!!!

 

Not great. I’m actually a contractor, not a federal employee. Just have a 401k

 

Yes, my favorite character from The Office

 

We have a 401b and a 457b. I work for the govt too.

 

I will watch the office someday, I almost start it all the time but worried I'll never leave the house if I do

 

I don’t even know what those are

 

That’s a very real possibility

 

Me either. Just have 401 k. It's taking its swweeetttt ass time building up too.

 

Same as the 401k but the govt plans. Can’t be transferred to another plan unless it’s also a govt plan. So I’ll basically be starting over with civilian plan when I leave. I finally broke 100k 2 years ago when all 5 retirement plans here combined into one.

 

So what happens with your gov plans when you leave if you can’t transfer them?

 

You switch them to a safe fund and leave them alone just like when you get ready to retire. Or I could leave them in the high risk like I do now for a while and try to build them more. Just won’t have any new contributions. Once you leave you can’t put any more in it.

 

Makes sense now

 

I used to drive the retirement advisor crazy with my investments. He’s like you need to diversify this. I said ok let’s try it. I didn’t make anything. I said put everything in this one fund. He said that’s too risky. I said do it anyway. I made 10k in a few months. Where I was losing my money with his suggestion. They finally closed that fund down so now I’m back in with it spread around in all high risk funds. So I diversify now. In the end I made a pile of money with that fund before they ended it. Wish I could find another one like it. I don’t keep up with the funds much anymore I just ask a friend of mine that was a CFO for the hospital. He steers me in the right direction now.

 

I have the option of moving funds around myself in my 401k and invest it anyway I want. I suck at it though. I recently had someone whos pretty good at it at work help me change mine around. Its finally doing better now, thank God.

 

Yeah there’s some shitty mutual funds out there.

 

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Morning Chad