AboutBruce Julien Expertise I can answer questions on and raise issues clients overlook in the areas of Estate Planning as far as taxes and distribution flow problems, Asset Management as far as appropriateness of assets and allocations for a desired goal and the value a consumer gets for their costs, Tax Planning related to Income and Estates, and Insurance/Annuity questions particularly in light of suitability to the consumer.
Experience I became a CPA in 1991 and began offering financial advice in 1992. I am a Registered Investment Advisor which means I sign off on putting clients' interests first in a fiduciary role.
Education/Credentials BA in Accounting, University of Maryland 1990
I have money taken out of my check at work every two weeks to be contributed to my 401K. Needless to say over the past two or three years I have lost alot of money because of the losses on the stock market. Some people that I know say I should stop all 401K deductions for awhile because all I am doing is giving money away while others tell me to ride it out and keep letting deductions from my check go into the 401K. What are your thoughts on this and what I should do?
Thank you.
Answer Put the money away. You've ridden the market down. It will come back. You are buying into these low prices every two weeks with your deductions. Stopping wouldn't be smart
You should get a fee only planner to help you through and guide you with the money you have left - good luck!
