- Top Features:
- War Room
- Glenn Greenwald
- Broadsheet
- Joan Walsh
- Camille Paglia
- Since You Asked
- Follow Salon:
Read other letters about this article
It's not your fault your 401k took a bath, everyone's did. You can't do anything with a 401k anyway, if you take out any money pre-retirement age the tax man will come collectin' with a very hefty bill. Plus, if your 401k is offered from an employer who does any type of company matching with dollars that is certainly a smart thing to do, it's free money! A CD doesn't give you a dollar for dollar match up to the first 3 or 6 percent every pay period.
Plus, you haven't really lost money yet, you have 25 years to recoup losses and make more gains.
So I wonder why you feel chicken to tell your husband that right now, your 401k isn't looking so hot. Is he the gloating sort? Are you someone who hated the "I'm so disappointed in you speech" from your parents? Are you afraid he'll be disappointed in you and you don't want to admit it? Are you a competetive couple and now you think he's won? Now if you think he'll verbally berate you, well then, you need more help than a financial advisor, but if he does pay attention to the financial news, I don't see how he wouldn't know that your 401k statements are going to be way way down from previous quarters.
Oh, also, stop the paper statements and go electronic, then you don't have to look at them unless you want to.
