I recently increased my pre-tax 401(k) contribution from 4% to 6%. It’s not a huge jump, and my company only matches that first 4%, but I feel like I didn’t save as much for retirement last year as I would have liked. My first paycheck with the increased contribution will be this Friday. I’m realizing that I’m buying more of the stock market when it happens to be at a 4.5 year high. This goes against the belief that it’s better to buy low and sell high. Perhaps I should just keep cash for a while.
Sorry for the lack of posts lately. They keep requesting that I get work done in the office, the nerve.
Updated December 20, 2011 and originally published February 27, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.