3 of 7
BACKNEXT
Maxing out the 401(k)
Name: Douglas Martin
Age: 31
Hometown: North Brunswick, N.J.


I didn't have much invested before Lehman Brothers and the stock market collapsed, but once they did, I jumped on the opportunity and maxed out my contribution to my 401(k) plan.

Last fall, I was only contributing 1% of my salary to my retirement savings. But starting in March, I began contributing 10% so as to get the most from my employer match. That helped me recover the 60% I had lost between Lehman's collapse and the March bottom. I've now seen a 15% return on my contributions since March.

My Fidelity account has tanked the most, and I removed all my funds from them. My DWS RREEF Real Estate Fund and Oppenheimer International Growth Fund have led the way for my gains. I'm 31 so I know the market will recover well before I am ready to retire. I can weather the choppy trading.

NEXT: Waiting out the downside
Last updated September 14 2009: 2:51 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
2015 Mustang's asphalt-peeling power goes modern The new Ford Mustang has been upgraded and updated to compete globally - but never fear, it's still a monster. More
15 top executives with $1 salaries Some CEOs and founders agree to salaries of just $1 a year. But once goodies like bonuses and stock options are added in, some of those executives end up taking home many millions of dollars a year. More
Mercedes SL65 AMG: 621 horses of topless power Turn heads as you blow by traffic in this roadster convertible from Mercedes. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.