Unknown Caller

and i work for a small business very small family-owned company at the llc and have been in there 401k about 14 years have amassed about 315 000 at its height in march of this year we know what happened to the market in april so it went down about 250. and around that time the company wants to switch providers So we get a blackout notice. Everything seems kosher.

and i work for a small business very small family-owned company at the llc and have been in there 401k about 14 years have amassed about 315 000 at its height in march of this year we know what happened to the market in april so it went down about 250. and around that time the company wants to switch providers So we get a blackout notice. Everything seems kosher.

and i work for a small business very small family-owned company at the llc and have been in there 401k about 14 years have amassed about 315 000 at its height in march of this year we know what happened to the market in april so it went down about 250. and around that time the company wants to switch providers So we get a blackout notice. Everything seems kosher.

However, during that switch, I found out that we were fully divested out of the market for seven days, May 7th to May 14th. And if you've been watching the market, that was a rally period. So losses were realized. I lost about 237 shares valued at $18,000 out of that retirement account. And I've got about 30 more years projected to my retirement date.

However, during that switch, I found out that we were fully divested out of the market for seven days, May 7th to May 14th. And if you've been watching the market, that was a rally period. So losses were realized. I lost about 237 shares valued at $18,000 out of that retirement account. And I've got about 30 more years projected to my retirement date.

However, during that switch, I found out that we were fully divested out of the market for seven days, May 7th to May 14th. And if you've been watching the market, that was a rally period. So losses were realized. I lost about 237 shares valued at $18,000 out of that retirement account. And I've got about 30 more years projected to my retirement date.

So the question, I guess, is have you ever heard of that? I guess it's standard, I'm told, for retirement. an old 401k provider to liquidate to cash and then spend some days to move out of the market and then rebuy with a new company.

So the question, I guess, is have you ever heard of that? I guess it's standard, I'm told, for retirement. an old 401k provider to liquidate to cash and then spend some days to move out of the market and then rebuy with a new company.

So the question, I guess, is have you ever heard of that? I guess it's standard, I'm told, for retirement. an old 401k provider to liquidate to cash and then spend some days to move out of the market and then rebuy with a new company.

Sure.

Sure.

Sure.

Exactly. The price went up about 6%.

Exactly. The price went up about 6%.

Exactly. The price went up about 6%.

Sure. Yeah, I appreciate that. We did talk to the employer. In fact, this happened in 2017 as well, but it was only 15 shares and about $800. Much smaller scale. Yeah. I warned the employer and asked the new advisor, hey, I've got scars from last time and the stakes are higher. Can this be avoided? And it wasn't avoided. When I followed up, the response was, sorry, that can happen.

Sure. Yeah, I appreciate that. We did talk to the employer. In fact, this happened in 2017 as well, but it was only 15 shares and about $800. Much smaller scale. Yeah. I warned the employer and asked the new advisor, hey, I've got scars from last time and the stakes are higher. Can this be avoided? And it wasn't avoided. When I followed up, the response was, sorry, that can happen.

Sure. Yeah, I appreciate that. We did talk to the employer. In fact, this happened in 2017 as well, but it was only 15 shares and about $800. Much smaller scale. Yeah. I warned the employer and asked the new advisor, hey, I've got scars from last time and the stakes are higher. Can this be avoided? And it wasn't avoided. When I followed up, the response was, sorry, that can happen.

How do I know if I'm actually building something? If there is a substantial age gap? It seems to me unwise to reproduce things being this uncertain.

How do I know if I'm actually building something? If there is a substantial age gap? It seems to me unwise to reproduce things being this uncertain.