Has the loss of funds in your 401k accounts factored into you staying or leaving the company?
12 replies (most recent on top)
it should not matter if you stay or leave, you could leave your money in 401K
even if you don't work for that company, the only thing is you can't add money to the account.
Record highs were made today
Far too many long term Macy’s employees have allowed their 401k to be imbalanced heavily with M stock. I’m afraid many don’t realize it and others erroneously believe that they’ll “lose money” by switching their allocations. Remember, about 10 years ago this stock was $70.
Pause on Supplies...and a hush-hush pause on hiring Management.
@f1 Communicated to stores but said it was a company wide pause on ordering non essential items
@cx really? Haven't seen this. Is this everyone, corporate, or stores?
Be sure you don't have all/most of your 40qk tied up in Macy's stock. Better to be diversified in a mutual fund. We're in for a rough time for a while
Sadly, Macy's time is clearly limited. All employees should have a gameplan for how they're going to deal with the inevitable.
The company putting a pause on ordering non essential supplies (pens, stickies) are what’s causing me to look for a job. Sounds like cash flow problems.
@b1, This appeared to be a legit question by the original poster. I'm sure other companies have lost money the past few years, but not to the point which Macy's has. Maybe you should wake up and realize not everyone's stock has dropped from $35 in 2021 to under $15 now. This does impact people's retirement and ability to prepare for the future. Perhaps instead of making smirky remarks you should take some of your great wealth that you obviously have and use it to purchase a book on Composition and English. Who knows, afterwards you might be able to compose a coherent sentence in your next post.
Record highs? How so? Source?
Oh? You don’t have one? LOL
Imagine being so delulu. Gotta love it.
But no. It hasn’t. Everyone has lost money. Markets bounce up and down. Not that I have much in their anyways…
But a few rough months isn’t causing me to look for another job where guess what? It would happen there too… if that were the case I’d just quit and count my loses lol like come on
Market is about to make record highs again. What loss?